MANA Advisors LLC bought a new position in shares of WPX Energy Inc (NYSE:WPX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 93,397 shares of the oil and gas producer’s stock, valued at approximately $1,314,000.
A number of other large investors have also modified their holdings of WPX. Amundi Pioneer Asset Management Inc. bought a new position in WPX Energy during the fourth quarter worth about $114,000. Cerebellum GP LLC bought a new position in shares of WPX Energy in the fourth quarter valued at approximately $130,000. Commonwealth Equity Services Inc bought a new position in shares of WPX Energy in the third quarter valued at approximately $137,000. CIBC Asset Management Inc bought a new position in shares of WPX Energy in the third quarter valued at approximately $159,000. Finally, ZWJ Investment Counsel Inc. bought a new position in shares of WPX Energy in the third quarter valued at approximately $171,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.
WPX has been the subject of a number of analyst reports. Bank of America raised their price objective on shares of WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. 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, March 9th. TheStreet upgraded shares of WPX Energy from a “d+” rating to a “c-” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Goldman Sachs Group upgraded shares of WPX Energy from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, February 1st. One research 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. WPX Energy has a consensus rating of “Buy” and an average target price of $18.12.
Shares of WPX Energy Inc (NYSE WPX) traded up $0.01 on Wednesday, reaching $14.32. 4,665,710 shares of the company were exchanged, compared to its average volume of 6,249,558. The stock has a market capitalization of $5,694.32, a P/E ratio of -178.98 and a beta of 2.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.71. WPX Energy Inc has a 1-year low of $8.39 and a 1-year high of $16.09.
WPX Energy (NYSE:WPX) last posted its quarterly 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 firm had revenue of $238.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.16) earnings per share. research analysts anticipate that WPX Energy Inc will post 0.01 EPS for the current year.
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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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