Mesirow Financial Investment Management Equity Management Increases Position in WPX Energy Inc (WPX)

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Mesirow Financial Investment Management Equity Management lifted its holdings in WPX Energy Inc (NYSE:WPX) by 525.4% in the fourth quarter, HoldingsChannel reports. The firm owned 590,925 shares of the oil and gas producer’s stock after buying an additional 496,435 shares during the quarter. Mesirow Financial Investment Management Equity Management’s holdings in WPX Energy were worth $6,707,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Highwater Wealth Management LLC purchased a new position in WPX Energy in the fourth quarter worth approximately $32,000. IFP Advisors Inc lifted its stake in WPX Energy by 309.0% in the fourth quarter. IFP Advisors Inc now owns 4,687 shares of the oil and gas producer’s stock worth $52,000 after acquiring an additional 3,541 shares during the last quarter. Hartford Financial Management Inc. lifted its stake in WPX Energy by 13.3% in the fourth quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock worth $77,000 after acquiring an additional 800 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in WPX Energy in the third quarter worth approximately $124,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in WPX Energy by 321.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,237 shares of the oil and gas producer’s stock worth $158,000 after acquiring an additional 6,281 shares during the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research reiterated a “buy” rating and issued a $17.00 price target on shares of WPX Energy in a research note on Saturday, November 17th. Raymond James set a $21.00 price target on shares of WPX Energy and gave the stock a “buy wpx” rating in a research note on Monday, December 24th. Wells Fargo & Co assumed coverage on shares of WPX Energy in a research note on Tuesday, October 23rd. They issued an “outperform” rating and a $27.00 price target for the company. TD Securities decreased their price target on shares of WPX Energy from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Finally, JPMorgan Chase & Co. set a $18.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research note on Friday, December 7th. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.63.

Shares of NYSE:WPX opened at $12.17 on Tuesday. The company has a market cap of $5.01 billion, a PE ratio of -28.98, a P/E/G ratio of 0.87 and a beta of 2.23. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.57. WPX Energy Inc has a twelve month low of $9.89 and a twelve month high of $20.80.

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WPX Energy Profile

WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.

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

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