Quadrant Capital Group LLC lifted its position in WPX Energy Inc (NYSE:WPX) by 166.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,820 shares of the oil and gas producer’s stock after purchasing an additional 4,880 shares during the quarter. Quadrant Capital Group LLC’s holdings in WPX Energy were worth $98,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc grew its holdings in WPX Energy by 5.3% in the third quarter. Vanguard Group Inc now owns 36,939,299 shares of the oil and gas producer’s stock valued at $743,219,000 after purchasing an additional 1,847,610 shares during the period. BlackRock Inc. lifted its position in WPX Energy by 3.0% during the fourth quarter. BlackRock Inc. now owns 35,068,087 shares of the oil and gas producer’s stock worth $398,024,000 after buying an additional 1,014,208 shares in the last quarter. Shapiro Capital Management LLC lifted its position in WPX Energy by 25.0% during the fourth quarter. Shapiro Capital Management LLC now owns 7,470,354 shares of the oil and gas producer’s stock worth $84,789,000 after buying an additional 1,493,346 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in WPX Energy during the fourth quarter worth approximately $52,591,000. Finally, Westfield Capital Management Co. LP lifted its position in WPX Energy by 14.1% during the fourth quarter. Westfield Capital Management Co. LP now owns 4,183,315 shares of the oil and gas producer’s stock worth $47,481,000 after buying an additional 515,970 shares in the last quarter. Hedge funds and other institutional investors own 99.18% of the company’s stock.
A number of brokerages recently commented on WPX. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Saturday, May 11th. TD Securities reduced their target price on WPX Energy from $19.00 to $18.50 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. TheStreet downgraded WPX Energy from a “b-” rating to a “c” rating in a research report on Thursday, May 2nd. Northland Securities restated a “buy” rating and issued a $20.00 target price on shares of WPX Energy in a research report on Tuesday, February 26th. Finally, Piper Jaffray Companies set a $16.00 target price on WPX Energy and gave the company a “buy” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $20.66.
WPX traded up $0.09 on Wednesday, hitting $11.26. 6,418,192 shares of the company were exchanged, compared to its average volume of 7,454,840. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 125.11, a PEG ratio of 0.72 and a beta of 2.31. WPX Energy Inc has a twelve month low of $9.89 and a twelve month high of $20.80. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.64.
WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $359.00 million during the quarter, compared to analysts’ expectations of $547.79 million. WPX Energy had a return on equity of 2.15% and a net margin of 9.50%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS. On average, research analysts anticipate that WPX Energy Inc will post 0.43 earnings per share for the current year.
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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