WPX Energy, Inc. (WPX) Shares Bought by Capstone Asset Management Co.
Capstone Asset Management Co. increased its position in shares of WPX Energy, Inc. (NYSE:WPX) by 4.7% during the second quarter, Holdings Channel reports. The institutional investor owned 31,000 shares of the oil and gas producer’s stock after buying an additional 1,400 shares during the period. Capstone Asset Management Co.’s holdings in WPX Energy were worth $299,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Meadow Creek Investment Management LLC raised its position in shares of WPX Energy by 32.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,816 shares of the oil and gas producer’s stock worth $145,000 after buying an additional 2,640 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in WPX Energy by 32.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,890 shares of the oil and gas producer’s stock worth $159,000 after buying an additional 2,915 shares during the last quarter. Cadence Capital Management LLC boosted its stake in WPX Energy by 14.3% in the first quarter. Cadence Capital Management LLC now owns 12,365 shares of the oil and gas producer’s stock worth $166,000 after buying an additional 1,544 shares during the last quarter. Loews Corp acquired a new stake in WPX Energy during the first quarter worth $166,000. Finally, Stevens Capital Management LP acquired a new stake in WPX Energy during the first quarter worth $171,000. 96.03% of the stock is owned by institutional investors and hedge funds.
Shares of WPX Energy, Inc. (NYSE:WPX) traded down 0.344% during mid-day trading on Monday, reaching $10.125. 1,298,170 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $10.00 and a 200-day moving average price of $11.72. WPX Energy, Inc. has a 12 month low of $8.39 and a 12 month high of $16.17. The stock’s market cap is $4.03 billion.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.02. The company had revenue of $413 million for the quarter, compared to analyst estimates of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The firm’s revenue was up 199.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.28) EPS. On average, analysts predict that WPX Energy, Inc. will post ($0.53) earnings per share for the current fiscal year.
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A number of analysts recently weighed in on WPX shares. BMO Capital Markets reissued a “buy” rating and issued a $17.00 target price on shares of WPX Energy in a research note on Monday, May 15th. FBR & Co reissued a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a research note on Monday, April 17th. Scotiabank reissued a “buy” rating and issued a $20.00 target price on shares of WPX Energy in a research note on Tuesday, June 13th. 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. Finally, Northland Securities set a $20.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price 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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