SIR Capital Management L.P. cut its holdings in shares of WPX Energy Inc (NYSE:WPX) by 63.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 978,831 shares of the oil and gas producer’s stock after selling 1,716,438 shares during the quarter. WPX Energy makes up about 3.0% of SIR Capital Management L.P.’s investment portfolio, making the stock its 13th biggest position. SIR Capital Management L.P. owned about 0.25% of WPX Energy worth $13,772,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. MANA Advisors LLC bought a new stake in WPX Energy during the fourth quarter valued at about $1,314,000. Centenus Global Management LP bought a new stake in WPX Energy during the fourth quarter valued at about $5,079,000. Cove Street Capital LLC raised its holdings in WPX Energy by 5.4% during the fourth quarter. Cove Street Capital LLC now owns 1,484,487 shares of the oil and gas producer’s stock valued at $20,887,000 after acquiring an additional 76,385 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in WPX Energy during the fourth quarter valued at about $114,000. Finally, Lombard Odier Asset Management USA Corp bought a new stake in WPX Energy during the fourth quarter valued at about $6,360,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on WPX shares. Deutsche Bank started coverage on WPX Energy in a report on Thursday, February 1st. They set a “buy” rating and a $19.00 price target on the stock. Stifel Nicolaus set a $24.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Monday, January 29th. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Sunday, January 21st. SunTrust Banks set a $20.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Friday, January 19th. Finally, Cowen set a $18.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.12.
WPX Energy Inc (WPX) traded up $0.01 on Wednesday, reaching $14.32. The company had a trading volume of 4,665,710 shares, compared to its average volume of 6,249,558. The stock has a market capitalization of $5,694.32, a price-to-earnings ratio of -178.98 and a beta of 2.41. WPX Energy Inc has a 12 month low of $8.39 and a 12 month 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 released its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. The company had revenue of $238.00 million during the quarter, compared to analyst estimates of $410.78 million. WPX Energy had a negative return on equity of 3.83% and a negative net margin of 1.20%. The firm’s revenue was up 170.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.16) earnings per share. analysts predict that WPX Energy Inc will post 0.01 earnings per share for the current year.
WPX Energy 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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