Seven Eight Capital LP acquired a new stake in WPX Energy Inc (NYSE:WPX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 101,533 shares of the oil and gas producer’s stock, valued at approximately $2,043,000.

Other hedge funds have also recently made changes to their positions in the company. Carillon Tower Advisers Inc. purchased a new position in WPX Energy in the 2nd quarter valued at $22,708,000. Renaissance Technologies LLC lifted its holdings in WPX Energy by 321.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,310,600 shares of the oil and gas producer’s stock valued at $23,630,000 after purchasing an additional 999,400 shares in the last quarter. Private Advisor Group LLC purchased a new position in WPX Energy in the 2nd quarter valued at $239,000. Stevens Capital Management LP lifted its holdings in WPX Energy by 58.2% in the 2nd quarter. Stevens Capital Management LP now owns 139,955 shares of the oil and gas producer’s stock valued at $2,523,000 after purchasing an additional 51,484 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of WPX Energy during the 2nd quarter worth $327,000. Institutional investors own 93.44% of the company’s stock.

Shares of NYSE:WPX opened at $17.96 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.58 and a quick ratio of 0.55. The stock has a market cap of $7.61 billion, a P/E ratio of -42.76 and a beta of 2.33. WPX Energy Inc has a 12-month low of $9.90 and a 12-month high of $20.80.

WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $430.00 million during the quarter, compared to the consensus estimate of $432.92 million. WPX Energy had a negative return on equity of 0.97% and a negative net margin of 30.02%. The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. On average, sell-side analysts forecast that WPX Energy Inc will post 0.21 EPS for the current year.

WPX has been the topic of several analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $25.00 price target on shares of WPX Energy in a report on Thursday, October 11th. US Capital Advisors initiated coverage on WPX Energy in a report on Monday, July 2nd. They set a “buy” rating on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $26.00 price target on shares of WPX Energy in a report on Thursday, August 30th. Piper Jaffray Companies reiterated a “buy” rating and set a $22.00 price target on shares of WPX Energy in a report on Thursday, August 30th. Finally, ValuEngine lowered WPX Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Two analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $22.88.

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's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.

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

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