Creative Planning decreased its stake in WPX Energy, Inc. (NYSE:WPX) by 6.4% during the second quarter, Holdings Channel reports. The firm owned 17,893 shares of the oil and gas producer’s stock after selling 1,231 shares during the period. Creative Planning’s holdings in WPX Energy were worth $173,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of WPX Energy by 13,729.5% in the first quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock valued at $431,192,000 after buying an additional 31,969,595 shares during the period. Vanguard Group Inc. boosted its stake in shares of WPX Energy by 20.4% in the first quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock valued at $443,761,000 after buying an additional 5,610,066 shares during the period. Jennison Associates LLC boosted its stake in shares of WPX Energy by 36.8% in the first quarter. Jennison Associates LLC now owns 8,383,200 shares of the oil and gas producer’s stock valued at $112,251,000 after buying an additional 2,255,271 shares during the period. Omega Advisors Inc. acquired a new stake in shares of WPX Energy during the first quarter valued at approximately $27,480,000. Finally, Teachers Advisors LLC boosted its stake in shares of WPX Energy by 83.4% in the first quarter. Teachers Advisors LLC now owns 4,180,191 shares of the oil and gas producer’s stock valued at $55,973,000 after buying an additional 1,901,147 shares during the period. 95.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WPX Energy, Inc. (WPX) traded up 2.402% during trading on Thursday, reaching $10.445. 2,484,937 shares of the company traded hands. The stock’s market capitalization is $4.16 billion. WPX Energy, Inc. has a 12-month low of $8.40 and a 12-month high of $16.17. The firm’s 50-day moving average is $9.93 and its 200-day moving average is $11.76.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413 million during the quarter, compared to analyst estimates of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The business’s quarterly revenue was up 199.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.28) EPS. On average, equities analysts predict that WPX Energy, Inc. will post ($0.53) earnings per share for the current fiscal year.

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WPX has been the topic of several analyst reports. Credit Suisse Group assumed coverage on shares of WPX Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $18.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of WPX Energy in a report on Wednesday, April 12th. They issued a “buy” rating and a $21.00 target price on the stock. Scotiabank reaffirmed a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a report on Friday, June 30th. ValuEngine cut shares of WPX Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, FBR & Co reaffirmed a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a report on Monday, April 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.95.

About WPX Energy

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

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