BB&T Securities LLC acquired a new stake in WPX Energy Inc (NYSE:WPX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 42,345 shares of the oil and gas producer’s stock, valued at approximately $763,000.
A number of other large investors have also made changes to their positions in WPX. Victory Capital Management Inc. bought a new position in WPX Energy in the 1st quarter valued at $2,658,000. Swiss National Bank grew its stake in WPX Energy by 2.2% in the 1st quarter. Swiss National Bank now owns 692,700 shares of the oil and gas producer’s stock valued at $10,238,000 after purchasing an additional 15,100 shares during the period. Schwab Charles Investment Management Inc. grew its stake in WPX Energy by 1.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,425,593 shares of the oil and gas producer’s stock valued at $35,851,000 after purchasing an additional 25,469 shares during the period. Aperio Group LLC grew its stake in WPX Energy by 6.0% in the 1st quarter. Aperio Group LLC now owns 89,124 shares of the oil and gas producer’s stock valued at $1,317,000 after purchasing an additional 5,083 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of WPX Energy by 110.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,324 shares of the oil and gas producer’s stock valued at $226,000 after buying an additional 8,031 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.
Shares of NYSE:WPX traded up $0.43 on Friday, hitting $18.60. The company’s stock had a trading volume of 7,429,861 shares, compared to its average volume of 6,697,209. WPX Energy Inc has a 1 year low of $9.90 and a 1 year high of $20.80. The stock has a market cap of $8.45 billion, a P/E ratio of -44.29 and a beta of 2.33. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.58.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $430.00 million for the quarter, compared to analyst estimates of $432.92 million. WPX Energy had a negative return on equity of 0.97% and a negative net margin of 30.02%. The company’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS. On average, equities research analysts expect that WPX Energy Inc will post 0.2 EPS for the current fiscal year.
A number of research analysts have recently commented on the company. Zacks Investment Research cut WPX Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $25.00 price target on shares of WPX Energy in a research report on Thursday. Robert W. Baird reaffirmed a “buy” rating and set a $25.00 price target on shares of WPX Energy in a research report on Wednesday, August 1st. Stifel Nicolaus upped their price target on WPX Energy from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. Finally, Seaport Global Securities set a $28.00 price target on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. WPX Energy has a consensus rating of “Buy” and a consensus price target of $22.92.
About WPX Energy
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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