Pine River Capital Management L.P. grew its position in shares of WPX Energy, Inc. (NYSE:WPX) by 579.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 339,971 shares of the oil and gas producer’s stock after acquiring an additional 289,971 shares during the quarter. Pine River Capital Management L.P. owned 0.09% of WPX Energy worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital Advisors Inc. OK boosted its holdings in WPX Energy by 2.0% during 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 last quarter. Public Employees Retirement Association of Colorado boosted its holdings in WPX Energy by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock worth $628,000 after acquiring an additional 264 shares during the last quarter. Robotti Robert boosted its holdings in WPX Energy by 0.9% during the 2nd quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock worth $499,000 after acquiring an additional 450 shares during the last quarter. World Asset Management Inc boosted its holdings in WPX Energy by 2.8% during the 2nd quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock worth $243,000 after acquiring an additional 683 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in WPX Energy by 5.0% during the 1st quarter. M&T Bank Corp now owns 19,161 shares of the oil and gas producer’s stock worth $257,000 after acquiring an additional 912 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WPX Energy, Inc. (NYSE WPX) traded up 0.17% during midday trading on Friday, reaching $11.50. The company had a trading volume of 5,840,044 shares. The company has a 50 day moving average of $10.07 and a 200 day moving average of $11.03. WPX Energy, Inc. has a 12-month low of $8.39 and a 12-month high of $16.17. The firm’s market capitalization is $4.58 billion.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.02. The business had revenue of $413.00 million for the quarter, compared to analysts’ expectations of $301.78 million. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The business’s revenue for the quarter was up 199.3% on a year-over-year basis. During the same period last year, the firm posted ($0.28) earnings per share. Analysts anticipate that WPX Energy, Inc. will post ($0.51) EPS for the current year.

In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $10.48, for a total value of $366,800.00. Following the transaction, the insider now directly owns 506,326 shares of the company’s stock, valued at $5,306,296.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

WPX has been the topic of a number of analyst reports. Scotiabank reaffirmed a “buy” rating and set a $19.00 price objective on shares of WPX Energy in a report on Friday, June 30th. BMO Capital Markets reaffirmed a “buy” rating and set a $17.00 price objective on shares of WPX Energy in a report on Thursday, June 22nd. ValuEngine raised shares of WPX Energy from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub downgraded shares of WPX Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $17.00 price objective (up from $16.00) on shares of WPX Energy in a report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.62.

COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/pine-river-capital-management-l-p-has-3-28-million-holdings-in-wpx-energy-inc-wpx/1599084.html.

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.

Want to see what other hedge funds are holding WPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WPX Energy, Inc. (NYSE:WPX).

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

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