Teacher Retirement System of Texas boosted its position in shares of WPX Energy Inc. (NYSE:WPX) by 13.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,257 shares of the company’s stock after buying an additional 4,516 shares during the period. Teacher Retirement System of Texas’ holdings in WPX Energy were worth $356,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of WPX. UBS Asset Management Americas Inc. raised its stake in WPX Energy by 11.4% in the second quarter. UBS Asset Management Americas Inc. now owns 344,360 shares of the company’s stock valued at $3,206,000 after buying an additional 35,325 shares in the last quarter. Nationwide Fund Advisors raised its stake in WPX Energy by 1.6% in the second quarter. Nationwide Fund Advisors now owns 876,113 shares of the company’s stock valued at $8,157,000 after buying an additional 13,697 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in WPX Energy by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 1,025,687 shares of the company’s stock valued at $9,549,000 after buying an additional 13,500 shares in the last quarter. Ameriprise Financial Inc. raised its stake in WPX Energy by 116.0% in the second quarter. Ameriprise Financial Inc. now owns 3,882,719 shares of the company’s stock valued at $36,148,000 after buying an additional 2,085,335 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in WPX Energy by 20.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 7,254,879 shares of the company’s stock valued at $67,543,000 after buying an additional 1,226,616 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.
WPX Energy Inc. (NYSE:WPX) traded down 1.21% during mid-day trading on Wednesday, hitting $12.23. The stock had a trading volume of 682,005 shares. The firm has a 50-day moving average of $12.47 and a 200-day moving average of $10.12. The stock’s market cap is $4.21 billion. WPX Energy Inc. has a 52-week low of $2.53 and a 52-week high of $13.92.
WPX Energy (NYSE:WPX) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by $0.07. WPX Energy had a negative net margin of 142.42% and a negative return on equity of 6.76%. The company earned $138 million during the quarter, compared to analyst estimates of $252.14 million. During the same quarter in the prior year, the company earned ($0.11) EPS. The business’s revenue was down 10.4% on a year-over-year basis. On average, analysts forecast that WPX Energy Inc. will post ($0.81) EPS for the current fiscal year.
WPX has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $13.00 price objective on shares of WPX Energy in a research note on Wednesday, September 7th. Barclays PLC upped their price objective on WPX Energy from $6.00 to $7.50 and gave the stock an “underweight” rating in a research note on Monday, August 8th. Goldman Sachs Group Inc. raised WPX Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $10.50 to $14.75 in a research note on Wednesday, July 6th. Zacks Investment Research lowered WPX Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Susquehanna upped their price objective on WPX Energy from $15.00 to $18.00 and gave the stock a “positive” rating in a research note on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company. WPX Energy has a consensus rating of “Buy” and a consensus target price of $11.53.
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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