Syntal Capital Partners LLC acquired a new stake in WPX Energy Inc. (NYSE:WPX) during the second quarter, Holdings Channel reports. The firm acquired 20,133 shares of the company’s stock, valued at approximately $187,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Connable Office Inc. acquired a new position in WPX Energy during the first quarter valued at approximately $104,000. M&T Bank Corp raised its position in WPX Energy by 7.4% in the first quarter. M&T Bank Corp now owns 16,040 shares of the company’s stock valued at $112,000 after buying an additional 1,105 shares during the period. LS Investment Advisors LLC raised its position in WPX Energy by 106.4% in the second quarter. LS Investment Advisors LLC now owns 16,714 shares of the company’s stock valued at $156,000 after buying an additional 8,616 shares during the period. Oakbrook Investments LLC increased its stake in shares of WPX Energy by 31.0% in the second quarter. Oakbrook Investments LLC now owns 25,381 shares of the company’s stock valued at $236,000 after buying an additional 6,000 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of WPX Energy during the first quarter valued at $240,000. 93.91% of the stock is owned by institutional investors.
Shares of WPX Energy Inc. (NYSE:WPX) traded up 0.45% on Monday, reaching $13.25. 6,344,407 shares of the company were exchanged. The stock has a 50 day moving average price of $12.19 and a 200-day moving average price of $9.75. The stock’s market capitalization is $4.56 billion. WPX Energy Inc. has a 12 month low of $2.53 and a 12 month high of $13.92.
WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. The company had revenue of $138 million for the quarter, compared to analyst estimates of $252.14 million. WPX Energy had a negative return on equity of 6.76% and a negative net margin of 142.42%. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.11) EPS. On average, equities analysts expect that WPX Energy Inc. will post ($0.81) EPS for the current fiscal year.
Several brokerages recently weighed in on WPX. Susquehanna lifted their price objective on shares of WPX Energy from $15.00 to $18.00 and gave the company a “positive” rating in a research report on Friday, September 9th. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 price objective on shares of WPX Energy in a research report on Wednesday, September 7th. Wunderlich lifted their price objective on shares of WPX Energy from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday. Citigroup Inc. lifted their price objective on shares of WPX Energy from $12.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, September 6th. Finally, Barclays PLC lifted their price objective on shares of WPX Energy from $7.50 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. WPX Energy has an average rating of “Buy” and a consensus target price of $11.32.
WPX Energy Company Profile
WPX Energy, Inc is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment.
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