WPX Energy Inc (WPX) Holdings Lifted by Penn Capital Management Co. Inc.

Share on StockTwits

Penn Capital Management Co. Inc. grew its holdings in shares of WPX Energy Inc (NYSE:WPX) by 20.8% during the first quarter, HoldingsChannel.com reports. The firm owned 825,591 shares of the oil and gas producer’s stock after purchasing an additional 142,385 shares during the quarter. WPX Energy accounts for approximately 1.0% of Penn Capital Management Co. Inc.’s investment portfolio, making the stock its 28th largest holding. Penn Capital Management Co. Inc.’s holdings in WPX Energy were worth $10,823,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WPX. Massachusetts Financial Services Co. MA purchased a new position in shares of WPX Energy during the 4th quarter worth $52,591,000. Norges Bank purchased a new position in shares of WPX Energy in the 4th quarter worth $32,726,000. Diamond Hill Capital Management Inc. purchased a new position in shares of WPX Energy in the 4th quarter worth $29,767,000. LSP Investment Advisors LLC purchased a new position in shares of WPX Energy in the 4th quarter worth $27,027,000. Finally, Perella Weinberg Partners Capital Management LP raised its position in shares of WPX Energy by 98.3% in the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 4,077,125 shares of the oil and gas producer’s stock worth $64,308,000 after buying an additional 2,020,989 shares during the period. 95.50% of the stock is currently owned by institutional investors.

NYSE:WPX opened at $12.52 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.64 and a current ratio of 0.70. WPX Energy Inc has a 12 month low of $9.89 and a 12 month high of $20.80. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 62.60, a P/E/G ratio of 0.79 and a beta of 2.31.

WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. WPX Energy had a return on equity of 2.15% and a net margin of 9.50%. The company had revenue of $359.00 million for the quarter, compared to analyst estimates of $547.79 million. During the same period last year, the company posted ($0.06) earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that WPX Energy Inc will post 0.43 EPS for the current fiscal year.

Several research analysts recently weighed in on WPX shares. Barclays set a $18.00 target price on WPX Energy and gave the stock a “buy” rating in a research report on Thursday, February 28th. SunTrust Banks set a $21.00 target price on WPX Energy and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Williams Capital reaffirmed a “buy” rating and issued a $21.00 target price on shares of WPX Energy in a research report on Monday, February 4th. KeyCorp increased their target price on WPX Energy from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Finally, Mizuho started coverage on WPX Energy in a research report on Tuesday, January 29th. They issued a “neutral” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have assigned a buy rating to the company. WPX Energy has an average rating of “Buy” and a consensus price target of $20.66.

TRADEMARK VIOLATION NOTICE: This report was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/4346638/wpx-energy-inc-wpx-holdings-lifted-by-penn-capital-management-co-inc.html.

WPX Energy Company 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.

See Also: Are FAANG stocks a good investment?

Want to see what other hedge funds are holding WPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WPX Energy Inc (NYSE:WPX).

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

Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Zacks: Analysts Expect IBERIABANK Corp  Will Announce Quarterly Sales of $312.20 Million
Zacks: Analysts Expect IBERIABANK Corp Will Announce Quarterly Sales of $312.20 Million
Zacks: Brokerages Anticipate Ball Co.  Will Post Quarterly Sales of $3.03 Billion
Zacks: Brokerages Anticipate Ball Co. Will Post Quarterly Sales of $3.03 Billion
$40.49 Million in Sales Expected for Radius Health Inc  This Quarter
$40.49 Million in Sales Expected for Radius Health Inc This Quarter
A. O. Smith Corp  Expected to Announce Quarterly Sales of $821.43 Million
A. O. Smith Corp Expected to Announce Quarterly Sales of $821.43 Million
Zacks: Brokerages Anticipate Align Technology, Inc.  Will Post Quarterly Sales of $595.61 Million
Zacks: Brokerages Anticipate Align Technology, Inc. Will Post Quarterly Sales of $595.61 Million
Universal Forest Products, Inc.  Expected to Post Quarterly Sales of $1.24 Billion
Universal Forest Products, Inc. Expected to Post Quarterly Sales of $1.24 Billion


© 2006-2019 Ticker Report