Fmr LLC Has $119.69 Million Holdings in WPX Energy, Inc. (WPX)
Fmr LLC raised its stake in WPX Energy, Inc. (NYSE:WPX) by 22.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,390,649 shares of the oil and gas producer’s stock after purchasing an additional 2,244,508 shares during the period. Fmr LLC owned 3.11% of WPX Energy worth $119,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of WPX. BlackRock Inc. grew its stake in 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 purchasing an additional 31,969,595 shares during the last quarter. Vanguard Group Inc. grew its stake in 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 purchasing an additional 5,610,066 shares during the last quarter. Jennison Associates LLC grew 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 purchasing an additional 2,611,802 shares during the last quarter. Omega Advisors Inc. purchased a new position in WPX Energy in the first quarter valued at about $27,480,000. Finally, Teachers Advisors LLC grew its stake in 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 purchasing an additional 1,901,147 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.
Shares of WPX Energy, Inc. (NYSE WPX) opened at 11.04 on Friday. The company’s 50 day moving average price is $10.53 and its 200-day moving average price is $10.94. WPX Energy, Inc. has a 12-month low of $8.40 and a 12-month high of $16.17. The firm’s market cap is $4.39 billion.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. The firm had revenue of $413.00 million for the quarter, compared to the consensus estimate of $301.78 million. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The firm’s quarterly revenue was up 199.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.28) EPS. On average, equities research analysts anticipate that WPX Energy, Inc. will post ($0.50) EPS for the current year.
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In related news, insider Clay M. Gaspar sold 35,000 shares of the firm’s 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 transaction, the insider now owns 506,326 shares in the company, valued at approximately $5,306,296.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.
WPX has been the topic of several analyst reports. Scotiabank reiterated a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a research note on Friday, June 30th. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 target price on shares of WPX Energy in a research note on Thursday, June 22nd. Robert W. Baird set a $16.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Wednesday, June 14th. Northland Securities set a $20.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Stifel Nicolaus set a $18.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $15.53.
WPX Energy Company 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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