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.
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.
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.
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