WPX Energy, Inc. (WPX) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. increased its stake in WPX Energy, Inc. (NYSE:WPX) by 57.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,773,877 shares of the oil and gas producer’s stock after purchasing an additional 3,200,766 shares during the quarter. Ameriprise Financial Inc. owned about 2.20% of WPX Energy worth $100,865,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of WPX. Capital Advisors Inc. OK raised its position 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 about $113,000. Financial Counselors Inc. raised its position 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. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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. Finally, Commonwealth Equity Services Inc bought a new stake in WPX Energy in the third quarter worth about $137,000. 97.64% of the stock is owned by institutional investors and hedge funds.
WPX has been the topic of several research reports. Barclays PLC set a $10.00 price target on shares of WPX Energy and gave the stock a “hold” rating in a research report on Friday, August 4th. ValuEngine downgraded WPX Energy from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Stifel Nicolaus set a $18.00 price objective on WPX Energy and gave the stock a “buy” rating in a report on Wednesday, August 16th. BidaskClub downgraded WPX Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Northland Securities set a $20.00 price objective on WPX Energy and gave the stock a “buy” rating in a report on Monday, August 21st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eighteen have given a buy rating to the company. WPX Energy has a consensus rating of “Buy” and an average price target of $15.98.
In related news, insider Clay M. Gaspar sold 35,000 shares of the business’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 value of $366,800.00. Following the completion of the sale, the insider now owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.
Shares of WPX Energy, Inc. (NYSE WPX) traded up $0.13 during midday trading on Monday, hitting $12.65. The company had a trading volume of 2,680,900 shares, compared to its average volume of 7,434,013. WPX Energy, Inc. has a 1-year low of $8.39 and a 1-year high of $16.17. 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 (NYSE:WPX) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business 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%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.17) EPS. equities analysts forecast that WPX Energy, Inc. will post -0.47 earnings per share for the current year.
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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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