SeaBridge Investment Advisors LLC increased its stake in WPX Energy Inc (NYSE:WPX) by 1,797.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 186,353 shares of the oil and gas producer’s stock after acquiring an additional 176,533 shares during the period. SeaBridge Investment Advisors LLC’s holdings in WPX Energy were worth $3,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WPX. Point72 Asset Management L.P. boosted its position in shares of WPX Energy by 267.7% in the second quarter. Point72 Asset Management L.P. now owns 4,070,164 shares of the oil and gas producer’s stock worth $73,385,000 after acquiring an additional 2,963,264 shares during the last quarter. Van ECK Associates Corp lifted its position in WPX Energy by 2,746.3% during the second quarter. Van ECK Associates Corp now owns 2,689,435 shares of the oil and gas producer’s stock valued at $48,491,000 after buying an additional 2,594,946 shares in the last quarter. Scout Investments Inc. acquired a new position in WPX Energy during the second quarter valued at approximately $35,397,000. Selz Capital LLC acquired a new position in WPX Energy during the third quarter valued at approximately $28,079,000. Finally, Carillon Tower Advisers Inc. acquired a new position in WPX Energy during the second quarter valued at approximately $22,708,000. 93.71% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target on shares of WPX Energy in a research report on Thursday, August 30th. Bank of America lifted their price target on shares of WPX Energy from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $25.00 price target on shares of WPX Energy in a research report on Wednesday, August 1st. Goldman Sachs Group cut shares of WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Friday, August 3rd. Finally, ValuEngine cut shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Two investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.88.

Shares of WPX traded down $0.13 during mid-day trading on Friday, reaching $18.12. 286,637 shares of the stock traded hands, compared to its average volume of 6,586,443. The firm has a market capitalization of $7.79 billion, a P/E ratio of -44.13 and a beta of 2.33. WPX Energy Inc has a 12-month low of $9.90 and a 12-month high of $20.80. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.58.

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

Further Reading: Buyback

Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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