Capital Fund Management S.A. acquired a new stake in WPX Energy Inc. (NYSE:WPX) during the second quarter, Holdings Channel reports. The institutional investor acquired 142,643 shares of the company’s stock, valued at approximately $1,328,000.
Several other hedge funds also recently made changes to their positions in WPX. Wellington Management Group LLP increased its stake in shares of WPX Energy by 28.4% in the first quarter. Wellington Management Group LLP now owns 10,163,567 shares of the company’s stock valued at $71,044,000 after buying an additional 2,248,105 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in WPX Energy by 13.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,589,684 shares of the company’s stock valued at $53,052,000 after buying an additional 917,948 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in WPX Energy by 64.3% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,314,593 shares of the company’s stock valued at $12,239,000 after buying an additional 514,593 shares during the last quarter. Springbok Capital Management LLC acquired a new stake in WPX Energy during the first quarter valued at about $2,662,000. Finally, JPMorgan Chase & Co. increased its stake in WPX Energy by 42.1% in the first quarter. JPMorgan Chase & Co. now owns 1,070,249 shares of the company’s stock valued at $7,481,000 after buying an additional 317,287 shares during the last quarter. 93.91% of the stock is owned by institutional investors.
WPX Energy Inc. (NYSE:WPX) traded down 4.58% on Friday, reaching $12.72. The company’s stock had a trading volume of 8,270,228 shares. WPX Energy Inc. has a one year low of $2.53 and a one year high of $13.92. The stock has a 50-day moving average of $12.45 and a 200-day moving average of $10.00. The stock’s market cap is $4.38 billion.
WPX Energy (NYSE:WPX) last released its earnings results on Thursday, August 4th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.07. WPX Energy had a negative return on equity of 6.76% and a negative net margin of 142.42%. The company earned $138 million during the quarter, compared to analysts’ expectations of $252.14 million. During the same period in the prior year, the company posted ($0.11) earnings per share. The company’s revenue was down 10.4% on a year-over-year basis. On average, analysts predict that WPX Energy Inc. will post ($0.81) EPS for the current fiscal year.
Several analysts recently issued reports on the stock. Wunderlich lifted their price target on shares of WPX Energy from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. Citigroup Inc. lifted their price target on shares of WPX Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, September 12th. Susquehanna lifted their price target on shares of WPX Energy from $15.00 to $18.00 and gave the company a “positive” rating in a research report on Friday, September 9th. BMO Capital Markets reissued a “hold” rating and issued a $13.00 price target on shares of WPX Energy in a research report on Wednesday, September 7th. Finally, Barclays PLC raised their price objective on WPX Energy from $7.50 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $11.32.
About WPX Energy
WPX Energy, Inc is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment.
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