New York State Common Retirement Fund trimmed its holdings in shares of WPX Energy Inc (NYSE:WPX) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,287,272 shares of the oil and gas producer’s stock after selling 264,480 shares during the period. New York State Common Retirement Fund owned about 0.32% of WPX Energy worth $14,804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WPX. Capital Advisors Inc. OK grew its stake in WPX Energy by 2.0% in the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 200 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in WPX Energy in the 2nd quarter worth approximately $113,000. Financial Counselors Inc. grew its stake in WPX Energy by 9.0% in the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after acquiring an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after acquiring an additional 1,540 shares during the period. Finally, BlueMountain Capital Management LLC grew its stake in WPX Energy by 39.3% in the 2nd quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after acquiring an additional 4,097 shares during the period. 99.81% of the stock is owned by institutional investors and hedge funds.

WPX Energy Inc (NYSE:WPX) opened at $12.60 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. WPX Energy Inc has a 1-year low of $8.39 and a 1-year high of $15.44.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $224.00 million for the quarter, compared to analyst estimates of $334.38 million. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.17) EPS. research analysts forecast that WPX Energy Inc will post -0.46 earnings per share for the current year.

Several analysts have commented on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $14.00 target price on shares of WPX Energy in a research note on Wednesday, November 22nd. Stifel Nicolaus set a $17.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Thursday, October 12th. Bank of America assumed coverage on shares of WPX Energy in a research note on Monday, October 16th. They issued a “buy” rating for the company. Finally, Credit Suisse Group initiated coverage on shares of WPX Energy in a research note on Monday, December 11th. They issued an “outperform” rating and a $15.00 target price for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $15.61.

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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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