Retirement Systems of Alabama lifted its holdings in shares of WPX Energy Inc (NYSE:WPX) by 42.0% during the 4th quarter, Holdings Channel reports. The firm owned 960,245 shares of the oil and gas producer’s stock after buying an additional 284,102 shares during the period. Retirement Systems of Alabama’s holdings in WPX Energy were worth $13,511,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cerebellum GP LLC bought a new stake in shares of WPX Energy during the 4th quarter worth $130,000. Commonwealth Equity Services Inc bought a new stake in shares of WPX Energy during the 3rd quarter worth $137,000. CIBC Asset Management Inc bought a new stake in shares of WPX Energy during the 3rd quarter worth $159,000. ZWJ Investment Counsel Inc. bought a new stake in shares of WPX Energy during the 3rd quarter worth $171,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of WPX Energy during the 4th quarter worth $246,000. Institutional investors own 99.89% of the company’s stock.
Shares of WPX Energy Inc (NYSE:WPX) opened at $13.95 on Friday. 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 1-year low of $8.39 and a 1-year high of $16.09. The firm has a market cap of $5,550.00, a price-to-earnings ratio of -28.47, a price-to-earnings-growth ratio of 12.70 and a beta of 2.48.
Several analysts recently issued reports on WPX shares. Stifel Nicolaus set a $19.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Thursday, October 26th. SunTrust Banks set a $14.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Wednesday, November 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $16.00 price objective on shares of WPX Energy in a report on Monday, November 6th. Barclays raised shares of WPX Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $10.00 to $14.00 in a report on Tuesday, November 7th. Finally, Bank of America upped their price objective on shares of WPX Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $17.45.
ILLEGAL ACTIVITY NOTICE: “Retirement Systems of Alabama Has $13.51 Million Stake in WPX Energy Inc (WPX)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2018/02/18/retirement-systems-of-alabama-has-13-51-million-stake-in-wpx-energy-inc-wpx.html.
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.
Want to see what other hedge funds are holding WPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WPX Energy Inc (NYSE:WPX).
Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.