Karpas Strategies LLC continued to hold its stake in shares of WPX Energy, Inc. (NYSE:WPX) during the third quarter, according to its most recent disclosure with the SEC. The fund owned 29,891 shares of the company’s stock at the end of the third quarter. Karpas Strategies LLC’s holdings in WPX Energy were worth $394,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board purchased a new stake in shares of WPX Energy during the second quarter worth about $100,000. Veritable L.P. increased its stake in shares of WPX Energy by 1.6% in the second quarter. Veritable L.P. now owns 10,755 shares of the company’s stock worth $100,000 after buying an additional 168 shares in the last quarter. Cypress Capital Management LLC WY purchased a new stake in shares of WPX Energy during the second quarter worth about $104,000. Raymond James & Associates increased its stake in shares of WPX Energy by 22.9% in the second quarter. Raymond James & Associates now owns 12,440 shares of the company’s stock worth $116,000 after buying an additional 2,320 shares in the last quarter. Finally, Nuveen Fund Advisors LLC purchased a new stake in shares of WPX Energy during the second quarter worth about $116,000. Institutional investors and hedge funds own 95.15% of the company’s stock.

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

WPX Energy, Inc. (NYSE:WPX) traded down 0.44% during midday trading on Friday, hitting $13.72. 56,251,171 shares of the stock traded hands. The company’s market cap is $4.73 billion. The company’s 50-day moving average is $14.54 and its 200-day moving average is $12.23. WPX Energy, Inc. has a one year low of $2.53 and a one year high of $16.17.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.01. WPX Energy had a negative net margin of 178.46% and a negative return on equity of 7.94%. The firm earned $251 million during the quarter, compared to analyst estimates of $257.60 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. WPX Energy’s revenue for the quarter was down 38.3% compared to the same quarter last year. Equities research analysts expect that WPX Energy, Inc. will post ($0.80) EPS for the current fiscal year.

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WPX has been the subject of a number of research analyst reports. Wunderlich increased their price objective on shares of WPX Energy from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, October 3rd. Deutsche Bank AG raised shares of WPX Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $15.00 to $17.00 in a research report on Monday, November 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $20.00 price objective on shares of WPX Energy in a research report on Wednesday. SunTrust Banks, Inc. set a $20.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research report on Monday, December 12th. Finally, Evercore ISI raised shares of WPX Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $16.00 in a research report on Friday, October 14th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. WPX Energy has a consensus rating of “Buy” and a consensus target price of $13.89.

WPX Energy Company Profile

WPX Energy, Inc is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment.

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