LMR Partners LLP trimmed its stake in WPX Energy, Inc. (NYSE:WPX) by 71.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,815 shares of the oil and gas producer’s stock after selling 97,466 shares during the period. LMR Partners LLP’s holdings in WPX Energy were worth $458,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Capital Advisors Inc. OK raised its holdings in shares of WPX Energy by 2.0% in the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 200 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in shares of WPX Energy by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock worth $628,000 after buying an additional 264 shares during the period. Robotti Robert increased its holdings in WPX Energy by 0.9% during the 2nd quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock worth $499,000 after purchasing an additional 450 shares during the period. World Asset Management Inc increased its holdings in WPX Energy by 2.8% during the 2nd quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock worth $243,000 after purchasing an additional 683 shares during the period. Finally, Financial Counselors Inc. increased its holdings in WPX Energy by 9.0% during the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 1,000 shares during the period. 99.81% of the stock is owned by institutional investors and hedge funds.
WPX Energy, Inc. (NYSE:WPX) traded down $0.09 during trading on Wednesday, hitting $12.99. The stock had a trading volume of 5,384,300 shares, compared to its average volume of 7,391,424. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. WPX Energy, Inc. has a 52-week low of $8.39 and a 52-week high of $15.91.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.17) EPS. equities research analysts expect that WPX Energy, Inc. will post -0.46 EPS for the current fiscal year.
Several research analysts have commented on WPX shares. Stifel Nicolaus set a $19.00 price objective on WPX Energy and gave the stock a “buy” rating in a report on Thursday, October 26th. Citigroup upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday, November 16th. BidaskClub upgraded WPX Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. J P Morgan Chase & Co restated an “overweight” rating and set a $17.00 price objective (up from $16.00) on shares of WPX Energy in a report on Thursday, August 24th. Finally, SunTrust Banks set a $14.00 price target on WPX Energy and gave the company a “buy” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the stock. WPX Energy presently has a consensus rating of “Buy” and a consensus target price of $15.92.
In other news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was 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 of the company’s stock, 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 owned by company insiders.
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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