United Capital Financial Advisers LLC grew its holdings in WPX Energy Inc (NYSE:WPX) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 186,773 shares of the oil and gas producer’s stock after acquiring an additional 7,280 shares during the quarter. United Capital Financial Advisers LLC’s holdings in WPX Energy were worth $2,150,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Spectrum Management Group Inc. acquired a new stake in WPX Energy in the second quarter worth about $115,000. Capital Investment Advisors LLC purchased a new position in shares of WPX Energy in the second quarter worth about $116,000. Commonwealth Equity Services LLC purchased a new position in shares of WPX Energy in the second quarter worth about $123,000. Machina Capital S.A.S. purchased a new position in shares of WPX Energy in the second quarter worth about $128,000. Finally, Cleararc Capital Inc. purchased a new position in shares of WPX Energy in the first quarter worth about $133,000. 97.56% of the stock is owned by institutional investors and hedge funds.
WPX stock traded down $0.19 during trading on Thursday, hitting $11.04. 4,436,655 shares of the company traded hands, compared to its average volume of 8,039,994. The stock’s 50-day simple moving average is $10.46 and its 200 day simple moving average is $11.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.75 and a quick ratio of 0.71. The company has a market cap of $4.71 billion, a PE ratio of 122.67, a P/E/G ratio of 1.16 and a beta of 2.13. WPX Energy Inc has a 1 year low of $8.79 and a 1 year high of $20.80.
Several brokerages have recently issued reports on WPX. ValuEngine upgraded WPX Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 30th. Piper Jaffray Companies set a $14.00 price objective on WPX Energy and gave the stock a “buy” rating in a research note on Friday, August 16th. MKM Partners began coverage on WPX Energy in a research note on Thursday, June 13th. They issued a “buy” rating and a $15.00 price objective for the company. Barclays set a $14.00 price objective on WPX Energy and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Guggenheim set a $18.00 price objective on WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.25.
WPX Energy Company Profile
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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