Millennium Management LLC cut its holdings in shares of WPX Energy Inc (NYSE:WPX) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,813,325 shares of the oil and gas producer’s stock after selling 1,172,770 shares during the quarter. Millennium Management LLC owned approximately 1.86% of WPX Energy worth $88,681,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WPX. Hartford Financial Management Inc. grew its position in shares of WPX Energy by 13.3% in the 4th quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock worth $77,000 after acquiring an additional 800 shares in the last quarter. AGF Investments America Inc. grew its position in shares of WPX Energy by 2.5% in the 4th quarter. AGF Investments America Inc. now owns 53,309 shares of the oil and gas producer’s stock worth $605,000 after acquiring an additional 1,289 shares in the last quarter. Strs Ohio grew its position in shares of WPX Energy by 9.2% in the 4th quarter. Strs Ohio now owns 17,786 shares of the oil and gas producer’s stock worth $201,000 after acquiring an additional 1,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of WPX Energy by 5.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,346 shares of the oil and gas producer’s stock worth $310,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Highwater Wealth Management LLC acquired a new position in shares of WPX Energy in the 4th quarter worth approximately $32,000. Institutional investors own 97.27% of the company’s stock.

WPX stock traded up $0.39 during trading on Tuesday, reaching $12.79. 872,740 shares of the company’s stock were exchanged, compared to its average volume of 5,942,587. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.97 and a current ratio of 1.03. WPX Energy Inc has a 1-year low of $9.89 and a 1-year high of $20.80. The firm has a market capitalization of $5.18 billion, a PE ratio of 142.06 and a beta of 2.30.

WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). WPX Energy had a return on equity of 1.09% and a net margin of 6.54%. The business had revenue of $554.00 million for the quarter, compared to analyst estimates of $550.84 million. During the same quarter last year, the firm posted ($0.02) EPS. The company’s revenue was up 55.6% compared to the same quarter last year. Equities research analysts predict that WPX Energy Inc will post 0.29 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. Stephens assumed coverage on WPX Energy in a research report on Thursday, December 6th. They issued an “overweight” rating and a $22.00 target price for the company. TheStreet upgraded WPX Energy from a “c” rating to a “b-” rating in a research report on Thursday, February 21st. Barclays assumed coverage on WPX Energy in a research report on Wednesday, January 16th. They issued an “overweight” rating and a $20.00 target price for the company. Raymond James set a $21.00 target price on WPX Energy and gave the stock a “buy” rating in a research report on Sunday, December 30th. Finally, Mizuho started coverage on WPX Energy in a research report on Tuesday, January 29th. They issued a “neutral” rating and a $14.00 target price for the company. Four analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $20.85.

COPYRIGHT VIOLATION WARNING: “Millennium Management LLC Has $88.68 Million Holdings in WPX Energy Inc (WPX)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/millennium-management-llc-has-88-68-million-holdings-in-wpx-energy-inc-wpx/2919289.html.

WPX Energy Profile

WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

Read More: How is inflation measured?

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

Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.