WPX Energy Inc. (WPX) Position Maintained by Royce & Associates LP
Royce & Associates LP continued to hold its stake in WPX Energy Inc. (NYSE:WPX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,000 shares of the company’s stock at the end of the second quarter. Royce & Associates LP owned 0.05% of WPX Energy worth $1,639,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. increased its stake in WPX Energy by 20.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 7,254,879 shares of the company’s stock valued at $67,543,000 after buying an additional 1,226,616 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in WPX Energy during the second quarter worth about $120,000. Airain ltd bought a new stake in WPX Energy during the second quarter worth about $4,325,000. GSA Capital Partners LLP bought a new stake in WPX Energy during the second quarter worth about $182,000. Finally, State Board of Administration of Florida Retirement System increased its stake in WPX Energy by 28.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 370,169 shares of the company’s stock worth $3,446,000 after buying an additional 81,002 shares in the last quarter. 94.29% of the stock is currently owned by hedge funds and other institutional investors.
WPX Energy Inc. (NYSE:WPX) traded up 0.58% during midday trading on Friday, reaching $12.15. The company’s stock had a trading volume of 16,029,134 shares. The stock has a 50-day moving average price of $11.29 and a 200 day moving average price of $9.18. WPX Energy Inc. has a 12 month low of $2.53 and a 12 month high of $13.92. The company’s market cap is $4.18 billion.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. The firm earned $138 million during the quarter, compared to analysts’ expectations of $252.14 million. WPX Energy had a negative net margin of 142.42% and a negative return on equity of 6.76%. The company’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. Analysts expect that WPX Energy Inc. will post ($0.80) earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $13.00 target price on shares of WPX Energy in a research report on Wednesday, September 7th. Deutsche Bank AG lifted their target price on WPX Energy from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, June 14th. Wunderlich lowered their target price on WPX Energy from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, June 7th. Barclays PLC lifted their target price on WPX Energy from $6.00 to $7.50 and gave the company an “underweight” rating in a research report on Monday, August 8th. Finally, Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $11.08.
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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