Key Group Holdings Cayman LTD. raised its position in shares of WPX Energy, Inc. (NYSE:WPX) by 513.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,451,556 shares of the oil and gas producer’s stock after acquiring an additional 3,726,451 shares during the period. WPX Energy makes up 3.9% of Key Group Holdings Cayman LTD.’s portfolio, making the stock its 9th biggest position. Key Group Holdings Cayman LTD. owned about 1.12% of WPX Energy worth $43,002,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of WPX Energy by 13,729.5% in the first quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock worth $431,192,000 after acquiring an additional 31,969,595 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of WPX Energy by 20.4% in the 1st quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock valued at $443,761,000 after acquiring an additional 5,610,066 shares during the period. Balyasny Asset Management LLC raised its stake in shares of WPX Energy by 5,688.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 3,728,177 shares of the oil and gas producer’s stock valued at $36,014,000 after acquiring an additional 3,663,768 shares during the period. Jennison Associates LLC raised its stake in shares of WPX Energy by 31.2% in the 2nd quarter. Jennison Associates LLC now owns 10,995,002 shares of the oil and gas producer’s stock valued at $106,212,000 after acquiring an additional 2,611,802 shares during the period. Finally, FMR LLC raised its stake in shares of WPX Energy by 22.1% in the 2nd quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock valued at $119,693,000 after acquiring an additional 2,244,508 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

Shares of WPX Energy, Inc. (NYSE WPX) traded down 1.13% on Monday, reaching $11.37. 3,073,224 shares of the company’s stock traded hands. The firm’s market capitalization is $4.52 billion. WPX Energy, Inc. has a 52 week low of $8.39 and a 52 week high of $16.17. The company’s 50-day moving average is $10.07 and its 200-day moving average is $11.03.

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

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In other news, insider Clay M. Gaspar sold 35,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 506,326 shares in the company, valued at $5,306,296.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Several equities analysts recently weighed in on WPX shares. Scotiabank restated a “buy” rating and set a $19.00 target price on shares of WPX Energy in a report on Friday, June 30th. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 price target on shares of WPX Energy in a report on Thursday, June 22nd. Robert W. Baird set a $16.00 price target on WPX Energy and gave the company a “buy” rating in a report on Wednesday, June 14th. Northland Securities set a $20.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Stifel Nicolaus set a $18.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.62.

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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