Teachers Retirement System of The State of Kentucky Purchases 719,924 Shares of WPX Energy, Inc. (WPX)
Teachers Retirement System of The State of Kentucky increased its position in WPX Energy, Inc. (NYSE:WPX) by 440.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 883,291 shares of the oil and gas producer’s stock after purchasing an additional 719,924 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.22% of WPX Energy worth $10,158,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Capital Advisors Inc. OK boosted its holdings in WPX Energy by 2.0% in the second 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 in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in WPX Energy in the second quarter worth $113,000. Commonwealth Equity Services Inc bought a new stake in WPX Energy in the third quarter worth $137,000. Financial Counselors Inc. boosted its holdings in WPX Energy by 9.0% in the second 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in WPX Energy by 12.5% in the second 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 in the last quarter. 97.64% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on the company. BMO Capital Markets reissued a “buy” rating and issued a $16.00 target price on shares of WPX Energy in a report on Monday, November 6th. Barclays PLC raised WPX Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $10.00 to $14.00 in a report on Tuesday, November 7th. Bank of America Corporation upped their price target on WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $14.00 price target on shares of WPX Energy in a report on Wednesday. Finally, Citigroup Inc. raised WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eighteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $15.98.
WPX Energy, Inc. (NYSE WPX) traded up $0.13 during trading on Friday, reaching $12.65. The company had a trading volume of 2,680,000 shares, compared to its average volume of 7,041,547. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.95. WPX Energy, Inc. has a 12 month low of $8.39 and a 12 month high of $16.17.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. WPX Energy’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.17) earnings per share. research analysts anticipate that WPX Energy, Inc. will post -0.47 earnings per share for the current year.
In related news, insider Clay M. Gaspar sold 35,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 506,326 shares in the company, valued at $5,306,296.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
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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