Vaughan Nelson Investment Management L.P. Has $11.48 Million Holdings in WPX Energy, Inc. (NYSE:WPX)

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Vaughan Nelson Investment Management L.P. lifted its holdings in WPX Energy, Inc. (NYSE:WPX) by 0.3% in the 3rd quarter, Holdings Channel reports. The firm owned 2,342,780 shares of the oil and gas producer’s stock after buying an additional 7,815 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in WPX Energy were worth $11,480,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its stake in shares of WPX Energy by 120.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 12,293,095 shares of the oil and gas producer’s stock worth $78,430,000 after buying an additional 6,705,523 shares during the last quarter. Jennison Associates LLC increased its holdings in WPX Energy by 5.8% in the 3rd quarter. Jennison Associates LLC now owns 9,024,318 shares of the oil and gas producer’s stock valued at $44,219,000 after buying an additional 498,210 shares during the period. Macquarie Group Ltd. increased its holdings in WPX Energy by 5.6% in the 2nd quarter. Macquarie Group Ltd. now owns 7,817,587 shares of the oil and gas producer’s stock valued at $49,876,000 after buying an additional 417,494 shares during the period. FMR LLC increased its holdings in WPX Energy by 60.8% in the 2nd quarter. FMR LLC now owns 7,597,137 shares of the oil and gas producer’s stock valued at $48,471,000 after buying an additional 2,872,074 shares during the period. Finally, First Trust Advisors LP increased its holdings in WPX Energy by 1,014.3% in the 2nd quarter. First Trust Advisors LP now owns 6,447,611 shares of the oil and gas producer’s stock valued at $41,136,000 after buying an additional 5,868,984 shares during the period. 97.49% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. Seaport Global Securities assumed coverage on shares of WPX Energy in a report on Monday, July 27th. They issued a “neutral” rating on the stock. Mizuho raised shares of WPX Energy from a “neutral” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Wednesday, October 21st. Johnson Rice lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. MKM Partners lowered shares of WPX Energy from a “buy” rating to a “neutral” rating and set a $5.00 target price on the stock. in a report on Tuesday, September 29th. Finally, Raymond James decreased their price target on shares of WPX Energy from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $10.04.

NYSE:WPX opened at $6.42 on Tuesday. The firm’s 50 day simple moving average is $4.98 and its 200 day simple moving average is $5.63. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.10. WPX Energy, Inc. has a one year low of $1.94 and a one year high of $14.43. The company has a market cap of $3.60 billion, a PE ratio of -4.06, a P/E/G ratio of 1.26 and a beta of 3.40.

WPX Energy (NYSE:WPX) last posted its earnings results on Thursday, November 5th. The oil and gas producer reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. WPX Energy had a negative net margin of 29.90% and a positive return on equity of 3.78%. The business had revenue of $473.00 million for the quarter, compared to the consensus estimate of $633.52 million. During the same period last year, the company earned $0.09 EPS. The firm’s revenue was down 40.5% compared to the same quarter last year. Equities research analysts expect that WPX Energy, Inc. will post 0.34 EPS for the current year.

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. It produces oil, natural gas, and natural gas liquids. The company operates 688 wells and owns interests in 787 wells covering an area of approximately 122,000 net acres located in Delaware Basin, Texas, and New Mexico; and operates 404 wells and owns interests in 104 wells that covers an area of approximately 87,000 net acres situated in the Williston Basin, North Dakota.

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

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