Utah Retirement Systems Purchases 2,300 Shares of WPX Energy, Inc. (WPX)

Utah Retirement Systems lifted its position in WPX Energy, Inc. (NYSE:WPX) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,461 shares of the oil and gas producer’s stock after purchasing an additional 2,300 shares during the quarter. Utah Retirement Systems’ holdings in WPX Energy were worth $700,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WPX. ProShare Advisors LLC raised its stake in shares of WPX Energy by 6.9% in the first quarter. ProShare Advisors LLC now owns 69,405 shares of the oil and gas producer’s stock valued at $929,000 after purchasing an additional 4,492 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of WPX Energy by 106.0% in the first quarter. Canada Pension Plan Investment Board now owns 323,920 shares of the oil and gas producer’s stock valued at $4,337,000 after purchasing an additional 166,700 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of WPX Energy by 21.5% in the first quarter. Great West Life Assurance Co. Can now owns 237,694 shares of the oil and gas producer’s stock valued at $3,179,000 after purchasing an additional 42,118 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of WPX Energy by 2.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 64,756 shares of the oil and gas producer’s stock valued at $867,000 after purchasing an additional 1,500 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of WPX Energy by 17.4% in the first quarter. US Bancorp DE now owns 29,130 shares of the oil and gas producer’s stock valued at $390,000 after purchasing an additional 4,312 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

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Shares of WPX Energy, Inc. (NYSE WPX) opened at 9.97 on Wednesday. The company’s market capitalization is $3.97 billion. The firm has a 50-day moving average price of $10.10 and a 200-day moving average price of $11.13. WPX Energy, Inc. has a 12 month low of $8.39 and a 12 month high of $16.17.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $301.78 million. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The company’s quarterly revenue was up 199.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.28) EPS. On average, equities research analysts predict that WPX Energy, Inc. will post ($0.51) EPS for the current year.

A number of brokerages recently commented on WPX. BMO Capital Markets upped their target price on WPX Energy from $12.00 to $13.00 and gave the company a “no rating at time” rating in a research note on Friday, July 14th. ValuEngine upgraded WPX Energy from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Cowen and Company upgraded WPX Energy from a “market perform” rating to an “outperform” rating and cut their target price for the company from $15.00 to $14.00 in a research note on Thursday, June 22nd. Seaport Global Securities lowered WPX Energy from a “buy” rating to a “sell” rating and cut their target price for the company from $17.00 to $6.50 in a research note on Wednesday, June 21st. Finally, Credit Suisse Group began coverage on WPX Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $18.00 target price for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. WPX Energy presently has an average rating of “Buy” and a consensus price target of $15.80.

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.

Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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