Goldman Sachs Group Inc. trimmed its position in WPX Energy Inc (NYSE:WPX) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,749,541 shares of the oil and gas producer’s stock after selling 269,306 shares during the period. Goldman Sachs Group Inc.’s holdings in WPX Energy were worth $151,246,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of WPX. Nationwide Fund Advisors grew its position in WPX Energy by 8.6% in the 3rd quarter. Nationwide Fund Advisors now owns 732,535 shares of the oil and gas producer’s stock valued at $8,424,000 after buying an additional 58,159 shares during the last quarter. First Trust Advisors LP grew its position in WPX Energy by 6.6% in the 3rd quarter. First Trust Advisors LP now owns 145,306 shares of the oil and gas producer’s stock valued at $1,671,000 after buying an additional 9,045 shares during the last quarter. Aperio Group LLC grew its position in WPX Energy by 16.1% in the 3rd quarter. Aperio Group LLC now owns 82,752 shares of the oil and gas producer’s stock valued at $952,000 after buying an additional 11,505 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in WPX Energy in the 3rd quarter valued at $383,000. Finally, Principal Financial Group Inc. grew its position in WPX Energy by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,015 shares of the oil and gas producer’s stock valued at $19,458,000 after buying an additional 11,119 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.
A number of research firms recently weighed in on WPX. Citigroup set a $20.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Friday. Bank of America lifted their price objective on shares of WPX Energy from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, March 8th. TheStreet upgraded shares of WPX Energy from a “d+” rating to a “c-” rating in a research report on Thursday, March 1st. Northland Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of WPX Energy in a research report on Tuesday, February 27th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $24.00 price objective (up from $20.00) on shares of WPX Energy in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $18.12.
Shares of WPX Energy Inc (WPX) opened at $14.30 on Tuesday. WPX Energy Inc has a 1 year low of $8.39 and a 1 year high of $16.09. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.66.
WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.06. The company had revenue of $238.00 million for the quarter, compared to analyst estimates of $410.78 million. WPX Energy had a negative net margin of 1.20% and a negative return on equity of 3.83%. The business’s revenue was up 170.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.16) EPS. equities analysts expect that WPX Energy Inc will post 0.01 earnings per share for the current year.
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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.
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