Parkside Investments LLC lessened its holdings in WPX Energy Inc (NYSE:WPX) by 30.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 25,000 shares of the oil and gas producer’s stock after selling 11,000 shares during the quarter. Parkside Investments LLC’s holdings in WPX Energy were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of WPX Energy by 14.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,861 shares of the oil and gas producer’s stock worth $353,000 after buying an additional 2,924 shares in the last quarter. Neuburgh Advisers LLC raised its position in WPX Energy by 9.1% during the first quarter. Neuburgh Advisers LLC now owns 36,322 shares of the oil and gas producer’s stock valued at $537,000 after purchasing an additional 3,036 shares in the last quarter. Louisiana State Employees Retirement System raised its position in WPX Energy by 3.2% during the second quarter. Louisiana State Employees Retirement System now owns 107,900 shares of the oil and gas producer’s stock valued at $1,945,000 after purchasing an additional 3,300 shares in the last quarter. Aperio Group LLC raised its position in WPX Energy by 3.8% during the second quarter. Aperio Group LLC now owns 92,485 shares of the oil and gas producer’s stock valued at $1,668,000 after purchasing an additional 3,361 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in WPX Energy by 2.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 123,720 shares of the oil and gas producer’s stock valued at $1,829,000 after purchasing an additional 3,390 shares in the last quarter. Institutional investors own 98.27% of the company’s stock.

A number of equities research analysts have weighed in on WPX shares. TD Securities started coverage on WPX Energy in a research report on Thursday, July 5th. They set a “buy” rating and a $25.00 price target on the stock. Raymond James upgraded WPX Energy from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Monday, August 6th. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, July 26th. KLR Group restated a “buy” rating and set a $27.00 price target on shares of WPX Energy in a research report on Monday, August 20th. Finally, ValuEngine upgraded WPX Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. WPX Energy currently has an average rating of “Buy” and an average price target of $21.96.

Shares of NYSE:WPX opened at $18.99 on Friday. WPX Energy Inc has a 12-month low of $9.38 and a 12-month high of $19.78. The stock has a market cap of $7.74 billion, a PE ratio of -45.21 and a beta of 2.30. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58.

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

About WPX Energy

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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