WPX Energy Inc (WPX) Shares Bought by Beaconlight Capital LLC

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Beaconlight Capital LLC grew its stake in WPX Energy Inc (NYSE:WPX) by 49.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,757,936 shares of the oil and gas producer’s stock after buying an additional 916,569 shares during the period. WPX Energy accounts for 10.8% of Beaconlight Capital LLC’s holdings, making the stock its 2nd biggest position. Beaconlight Capital LLC owned 0.66% of WPX Energy worth $31,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of WPX. Highwater Wealth Management LLC purchased a new position in shares of WPX Energy during the fourth quarter worth $32,000. IFP Advisors Inc raised its holdings in shares of WPX Energy by 309.0% during the fourth quarter. IFP Advisors Inc now owns 4,687 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 3,541 shares during the last quarter. Berman Capital Advisors LLC purchased a new position in shares of WPX Energy during the fourth quarter worth $60,000. Hartford Financial Management Inc. raised its holdings in shares of WPX Energy by 13.3% during the fourth quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock worth $77,000 after purchasing an additional 800 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in shares of WPX Energy by 75.8% during the fourth quarter. Penserra Capital Management LLC now owns 10,392 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 4,480 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

WPX has been the subject of several recent research reports. Cowen initiated coverage on shares of WPX Energy in a report on Thursday, November 29th. They set an “outperform” rating and a $19.00 target price for the company. Barclays assumed coverage on shares of WPX Energy in a report on Wednesday, January 16th. They set an “overweight” rating and a $20.00 target price for the company. Seaport Global Securities restated a “buy” rating and set a $20.00 price target on shares of WPX Energy in a research report on Wednesday, December 12th. Williams Capital restated a “buy” rating and set a $21.00 price target on shares of WPX Energy in a research report on Thursday, February 21st. Finally, Mizuho assumed coverage on shares of WPX Energy in a research report on Tuesday, January 29th. They set a “neutral” rating and a $14.00 price target on the stock. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.93.

Shares of NYSE WPX opened at $12.44 on Friday. WPX Energy Inc has a 52-week low of $9.89 and a 52-week high of $20.80. The stock has a market capitalization of $5.01 billion, a PE ratio of 138.22 and a beta of 2.30. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.58.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). WPX Energy had a net margin of 6.54% and a return on equity of 1.09%. The company had revenue of $554.00 million during the quarter, compared to analyst estimates of $550.84 million. During the same quarter last year, the business earned ($0.02) EPS. The firm’s revenue for the quarter was up 55.6% compared to the same quarter last year. Research analysts predict that WPX Energy Inc will post 0.28 earnings per share for the current fiscal year.

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About WPX Energy

WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

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Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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