Public Employees Retirement System of Ohio grew its stake in shares of WPX Energy Inc (NYSE:WPX) by 1.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 409,788 shares of the oil and gas producer’s stock after acquiring an additional 6,272 shares during the period. Public Employees Retirement System of Ohio owned about 0.10% of WPX Energy worth $4,651,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. grew its position in shares of WPX Energy by 13.3% during the 4th quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock valued at $77,000 after acquiring an additional 800 shares during the period. AGF Investments America Inc. lifted its stake in WPX Energy by 2.5% in the 4th quarter. AGF Investments America Inc. now owns 53,309 shares of the oil and gas producer’s stock worth $605,000 after purchasing an additional 1,289 shares in the last quarter. Strs Ohio lifted its stake in WPX Energy by 9.2% in the 4th quarter. Strs Ohio now owns 17,786 shares of the oil and gas producer’s stock worth $201,000 after purchasing an additional 1,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in WPX Energy by 5.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,346 shares of the oil and gas producer’s stock worth $310,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Highwater Wealth Management LLC purchased a new stake in WPX Energy in the 4th quarter worth approximately $32,000. 97.27% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on WPX shares. B. Riley set a $13.00 price objective on shares of WPX Energy and gave the company a “buy wpx” rating in a research report on Monday, December 24th. TD Securities lowered their price objective on shares of WPX Energy from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, February 22nd. Williams Capital started coverage on shares of WPX Energy in a research report on Tuesday, January 8th. They set a “buy” rating and a $21.00 price objective on the stock. Barclays set a $18.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Thursday, February 28th. Finally, Jefferies Financial Group set a $23.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Thursday, February 14th. Four research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.85.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The firm had revenue of $554.00 million during the quarter, compared to the consensus estimate of $550.84 million. WPX Energy had a return on equity of 1.09% and a net margin of 6.54%. WPX Energy’s revenue was up 55.6% on a year-over-year basis. During the same period last year, the business earned ($0.02) EPS. Research analysts expect that WPX Energy Inc will post 0.32 earnings per share for the current year.
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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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.
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