Aegis Financial Corp Has $4.19 Million Stake in WPX Energy, Inc. (WPX)

Aegis Financial Corp lessened its stake in WPX Energy, Inc. (NYSE:WPX) by 6.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,902 shares of the oil and gas producer’s stock after selling 28,458 shares during the period. WPX Energy comprises about 5.0% of Aegis Financial Corp’s holdings, making the stock its 7th largest holding. Aegis Financial Corp owned approximately 0.11% of WPX Energy worth $4,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of WPX Energy by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 33,553,898 shares of the oil and gas producer’s stock valued at $324,132,000 after acquiring an additional 412,663 shares during the last quarter. BlackRock Inc. lifted its stake in shares of WPX Energy by 0.6% in the 2nd quarter. BlackRock Inc. now owns 32,391,197 shares of the oil and gas producer’s stock valued at $312,901,000 after acquiring an additional 188,749 shares during the last quarter. State Street Corp lifted its stake in shares of WPX Energy by 13.4% in the 1st quarter. State Street Corp now owns 13,419,044 shares of the oil and gas producer’s stock valued at $179,682,000 after acquiring an additional 1,586,531 shares during the last quarter. FMR LLC lifted its stake in shares of WPX Energy by 22.1% in the 2nd quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock valued at $119,693,000 after acquiring an additional 2,244,508 shares during the last quarter. Finally, Shapiro Capital Management LLC lifted its stake in shares of WPX Energy by 1.5% in the 2nd quarter. Shapiro Capital Management LLC now owns 12,297,864 shares of the oil and gas producer’s stock valued at $118,797,000 after acquiring an additional 177,625 shares during the last quarter. 97.61% of the stock is owned by institutional investors.

WPX Energy, Inc. (NYSE:WPX) traded up 0.09% on Friday, hitting $11.21. The company’s stock had a trading volume of 3,634,189 shares. The firm has a 50 day moving average of $10.07 and a 200 day moving average of $11.03. WPX Energy, Inc. has a 12 month low of $8.39 and a 12 month high of $16.17. The firm’s market cap is $4.46 billion.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The firm had revenue of $413.00 million during the quarter, compared to the consensus estimate of $301.78 million. During the same quarter in the previous year, the firm posted ($0.28) earnings per share. The company’s revenue was up 199.3% on a year-over-year basis. Equities research analysts forecast that WPX Energy, Inc. will post ($0.51) earnings per share for the current fiscal year.

In other news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the completion of the sale, the insider now owns 506,326 shares of the company’s stock, valued at $5,306,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

WPX has been the subject of a number of recent research reports. BMO Capital Markets set a $13.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Monday, August 28th. Credit Suisse Group initiated coverage on WPX Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $18.00 target price for the company. Scotiabank reissued a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a research note on Friday, June 30th. BidaskClub raised WPX Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, ValuEngine lowered WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company. WPX Energy has a consensus rating of “Buy” and a consensus price target of $15.62.

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WPX Energy Company Profile

WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.

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

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