Boothbay Fund Management LLC Has $452,000 Position in WPX Energy, Inc. (WPX)
Boothbay Fund Management LLC increased its stake in shares of WPX Energy, Inc. (NYSE:WPX) by 33.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,325 shares of the oil and gas producer’s stock after acquiring an additional 9,758 shares during the period. Boothbay Fund Management LLC’s holdings in WPX Energy were worth $452,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Key Group Holdings Cayman LTD. raised its stake in WPX Energy by 513.9% in the second quarter. Key Group Holdings Cayman LTD. now owns 4,451,556 shares of the oil and gas producer’s stock valued at $43,002,000 after buying an additional 3,726,451 shares during the period. Balyasny Asset Management LLC raised its stake in WPX Energy by 5,688.3% in the second quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’s stock valued at $36,014,000 after buying an additional 3,663,768 shares during the period. Ameriprise Financial Inc. raised its stake in WPX Energy by 57.4% in the third quarter. Ameriprise Financial Inc. now owns 8,773,877 shares of the oil and gas producer’s stock valued at $100,865,000 after buying an additional 3,200,766 shares during the period. Jennison Associates LLC raised its stake in WPX Energy by 31.2% in the second quarter. Jennison Associates LLC now owns 10,995,002 shares of the oil and gas producer’s stock valued at $106,212,000 after buying an additional 2,611,802 shares during the period. Finally, FMR LLC raised its stake in WPX Energy by 22.1% in the second quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock valued at $119,693,000 after buying an additional 2,244,508 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.
Several equities analysts have recently commented on the company. Northland Securities set a $17.00 target price on WPX Energy and gave the company a “buy” rating in a research report on Monday. ValuEngine downgraded WPX Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. BidaskClub downgraded WPX Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Stifel Nicolaus set a $18.00 target price on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 16th. Finally, SunTrust Banks set a $14.00 target price on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.76.
In related news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $10.48, for a total transaction of $366,800.00. Following the sale, the insider now owns 506,326 shares of the company’s stock, valued at $5,306,296.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
Shares of WPX Energy, Inc. (WPX) traded up $0.27 during trading hours on Monday, reaching $12.91. The company had a trading volume of 5,183,400 shares, compared to its average volume of 7,364,021. WPX Energy, Inc. has a 1-year low of $8.39 and a 1-year high of $15.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.02.
WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The business had revenue of $224.00 million for the quarter, compared to the consensus estimate of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.17) earnings per share. analysts anticipate that WPX Energy, Inc. will post -0.46 EPS for the current fiscal year.
WPX Energy Profile
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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