WPX Energy, Inc. (WPX) Holdings Trimmed by Bamco Inc. NY
Bamco Inc. NY trimmed its holdings in WPX Energy, Inc. (NYSE:WPX) by 8.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,500 shares of the oil and gas producer’s stock after selling 17,500 shares during the quarter. Bamco Inc. NY’s holdings in WPX Energy were worth $1,744,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of WPX. Capital Advisors Inc. OK grew 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 valued at $100,000 after buying an additional 200 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of WPX Energy by 0.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock valued at $628,000 after buying an additional 264 shares during the last quarter. Robotti Robert raised its position in shares of WPX Energy by 0.9% during the second quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock valued at $499,000 after buying an additional 450 shares during the last quarter. World Asset Management Inc raised its position in shares of WPX Energy by 2.8% during the second quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock valued at $243,000 after buying an additional 683 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of WPX Energy by 5.0% during the first quarter. M&T Bank Corp now owns 19,161 shares of the oil and gas producer’s stock valued at $257,000 after buying an additional 912 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.
WPX has been the topic of several research analyst reports. Scotiabank reissued a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a report on Friday, June 30th. BMO Capital Markets reaffirmed a “buy” rating and set a $17.00 target price on shares of WPX Energy in a research note on Thursday, June 22nd. Robert W. Baird set a $16.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research note on Wednesday, June 14th. Northland Securities set a $20.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Stifel Nicolaus set a $18.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $15.62.
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WPX Energy, Inc. (NYSE WPX) opened at 11.37 on Tuesday. The firm’s 50-day moving average is $10.35 and its 200 day moving average is $10.96. The stock’s market capitalization is $4.52 billion. WPX Energy, Inc. has a 1-year low of $8.39 and a 1-year high of $16.17.
WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. The business had revenue of $413.00 million during 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 business’s revenue was up 199.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.28) earnings per share. Equities analysts anticipate that WPX Energy, Inc. will post ($0.51) EPS for the current fiscal year.
In related news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy 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 transaction, the insider now owns 506,326 shares in the company, valued at $5,306,296.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by company 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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