Trexquant Investment LP increased its position in shares of WPX Energy, Inc. (NYSE:WPX) by 69.7% during the second quarter, Holdings Channel reports. The firm owned 112,660 shares of the oil and gas producer’s stock after buying an additional 46,260 shares during the period. Trexquant Investment LP’s holdings in WPX Energy were worth $1,088,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tortoise Capital Advisors L.L.C. raised its position in shares of WPX Energy by 34.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 736,395 shares of the oil and gas producer’s stock worth $7,114,000 after buying an additional 188,954 shares during the period. Texas Permanent School Fund raised its position in shares of WPX Energy by 1.2% in the second quarter. Texas Permanent School Fund now owns 290,291 shares of the oil and gas producer’s stock worth $2,804,000 after buying an additional 3,350 shares during the period. World Asset Management Inc raised its position in shares of WPX Energy by 2.8% in the second quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock worth $243,000 after buying an additional 683 shares during the period. CAPROCK Group Inc. raised its position in shares of WPX Energy by 176.5% in the second quarter. CAPROCK Group Inc. now owns 32,804 shares of the oil and gas producer’s stock worth $317,000 after buying an additional 20,940 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in shares of WPX Energy by 1.8% in the second quarter. Great West Life Assurance Co. Can now owns 242,050 shares of the oil and gas producer’s stock worth $2,335,000 after buying an additional 4,356 shares during the period. Institutional investors and hedge funds own 95.03% of the company’s stock.

Shares of WPX Energy, Inc. (WPX) opened at 10.20 on Thursday. WPX Energy, Inc. has a 52-week low of $8.40 and a 52-week high of $16.17. The company’s 50 day moving average is $9.93 and its 200 day moving average is $11.76. The firm’s market cap is $4.06 billion.

WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02. The company had revenue of $413 million during the quarter, compared to analysts’ expectations of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. WPX Energy’s revenue for the quarter was up 199.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.28) earnings per share. Analysts anticipate that WPX Energy, Inc. will post ($0.53) earnings per share for the current year.

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A number of research analysts recently commented on the stock. Barclays PLC set a $10.00 price target on shares of WPX Energy and gave the company a “hold” rating in a research note on Friday, August 4th. Imperial Capital assumed coverage on shares of WPX Energy in a research note on Tuesday, July 18th. They issued an “outperform” rating and a $18.00 price target on the stock. Northland Securities set a $20.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research note on Monday, July 17th. BMO Capital Markets upped their price target on shares of WPX Energy from $12.00 to $13.00 and gave the company a “no rating at time” rating in a research note on Friday, July 14th. Finally, Citigroup Inc. decreased their price target on shares of WPX Energy from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. WPX Energy has a consensus rating of “Buy” and a consensus price target of $15.95.

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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