Mitchell Group Inc. decreased its holdings in shares of WPX Energy, Inc. (NYSE:WPX) by 7.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,929,290 shares of the oil and gas producer’s stock after selling 154,410 shares during the quarter. WPX Energy accounts for about 3.5% of Mitchell Group Inc.’s investment portfolio, making the stock its 15th biggest position. Mitchell Group Inc. owned 0.48% of WPX Energy worth $22,187,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in WPX. Capstone Asset Management Co. grew its stake in shares of WPX Energy by 4.7% during the second quarter. Capstone Asset Management Co. now owns 31,000 shares of the oil and gas producer’s stock valued at $299,000 after buying an additional 1,400 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of WPX Energy by 7.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 147,227 shares of the oil and gas producer’s stock valued at $1,422,000 after buying an additional 10,806 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in shares of WPX Energy by 20.6% in the second quarter. LS Investment Advisors LLC now owns 31,404 shares of the oil and gas producer’s stock valued at $303,000 after purchasing an additional 5,357 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of WPX Energy by 3.6% in the second quarter. Louisiana State Employees Retirement System now owns 103,700 shares of the oil and gas producer’s stock valued at $1,002,000 after purchasing an additional 3,600 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of WPX Energy by 8.0% in the second quarter. Aperio Group LLC now owns 71,247 shares of the oil and gas producer’s stock valued at $688,000 after purchasing an additional 5,247 shares during the period. 97.64% of the stock is currently owned by hedge funds and other institutional investors.
In related 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 value of $366,800.00. Following the completion of the sale, the insider now owns 506,326 shares in the company, valued at approximately $5,306,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.
WPX has been the subject of a number of research reports. Bank of America Corporation boosted their price target on WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Citigroup Inc. boosted their price target on WPX Energy from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, October 13th. BidaskClub lowered WPX Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Barclays PLC upgraded WPX Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $10.00 to $14.00 in a report on Tuesday, November 7th. Finally, SunTrust Banks, Inc. set a $14.00 target price on WPX Energy and gave the stock a “buy” rating in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $15.88.
Shares of WPX Energy, Inc. (NYSE WPX) traded down $0.15 during midday trading on Tuesday, hitting $12.20. 3,902,200 shares of the stock were exchanged, compared to its average volume of 7,479,312. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.95. WPX Energy, Inc. has a fifty-two week low of $8.39 and a fifty-two week high of $16.17.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The firm had revenue of $224.00 million during the quarter, compared to the consensus estimate of $334.38 million. During the same quarter last year, the firm earned ($0.17) EPS. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. sell-side analysts expect that WPX Energy, Inc. will post -0.47 EPS for the current fiscal year.
About WPX Energy
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.
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