WPX Energy (WPX) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its holdings in shares of WPX Energy (NYSE:WPX) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,282 shares of the oil and gas producer’s stock after purchasing an additional 8,707 shares during the quarter. LPL Financial LLC’s holdings in WPX Energy were worth $1,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of WPX Energy by 0.3% during the fourth quarter. BlackRock Inc. now owns 32,621,120 shares of the oil and gas producer’s stock worth $458,977,000 after purchasing an additional 82,744 shares during the period. Millennium Management LLC raised its position in shares of WPX Energy by 83.1% during the fourth quarter. Millennium Management LLC now owns 14,867,732 shares of the oil and gas producer’s stock worth $209,189,000 after purchasing an additional 6,748,268 shares during the period. Jennison Associates LLC raised its position in shares of WPX Energy by 0.3% during the fourth quarter. Jennison Associates LLC now owns 11,776,183 shares of the oil and gas producer’s stock worth $165,691,000 after purchasing an additional 39,987 shares during the period. Dimensional Fund Advisors LP raised its position in shares of WPX Energy by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 5,068,412 shares of the oil and gas producer’s stock worth $58,286,000 after purchasing an additional 308,368 shares during the period. Finally, Systematic Financial Management LP raised its position in shares of WPX Energy by 2.1% during the fourth quarter. Systematic Financial Management LP now owns 3,916,135 shares of the oil and gas producer’s stock worth $55,100,000 after purchasing an additional 81,201 shares during the period. 99.51% of the stock is currently owned by institutional investors.

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Shares of WPX Energy stock opened at $13.14 on Friday. WPX Energy has a 52-week low of $8.39 and a 52-week high of $16.09. The company has a market capitalization of $5,467.34, a P/E ratio of -31.29 and a beta of 2.29. 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 posted its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.06. The firm had revenue of $238.00 million during the quarter, compared to the consensus estimate of $410.78 million. WPX Energy had a negative return on equity of 3.83% and a negative net margin of 1.20%. The business’s revenue was up 170.5% compared to the same quarter last year. During the same period last year, the company earned ($0.16) earnings per share. research analysts forecast that WPX Energy will post 0.01 earnings per share for the current year.

A number of research firms have recently commented on WPX. Stifel Nicolaus set a $29.00 price target on WPX Energy and gave the stock a “buy” rating in a research report on Wednesday, March 28th. Johnson Rice began coverage on WPX Energy in a research report on Wednesday, March 21st. They set a “buy” rating and a $23.00 price target on the stock. Citigroup set a $20.00 price target on WPX Energy and gave the stock a “buy” rating in a research report on Friday, March 9th. Bank of America raised their price target on WPX Energy from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, March 8th. Finally, TheStreet raised WPX Energy from a “d+” rating to a “c-” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. WPX Energy has an average rating of “Buy” and an average price target of $18.50.

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

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