Private Advisor Group LLC held its stake in shares of WPX Energy Inc. (NYSE:WPX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,027 shares of the company’s stock at the end of the second quarter. Private Advisor Group LLC’s holdings in WPX Energy were worth $124,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Cypress Capital Management LLC WY bought a new stake in shares of WPX Energy during the second quarter worth $104,000. Neuberger Berman Group LLC bought a new stake in shares of WPX Energy during the second quarter worth $120,000. World Asset Management Inc raised its stake in shares of WPX Energy by 21.4% in the second quarter. World Asset Management Inc now owns 13,664 shares of the company’s stock worth $127,000 after buying an additional 2,406 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of WPX Energy during the second quarter worth $134,000. Finally, Connable Office Inc. bought a new stake in shares of WPX Energy during the first quarter worth $104,000. Institutional investors own 93.91% of the company’s stock.
WPX Energy Inc. (NYSE:WPX) traded up 1.82% during trading on Monday, hitting $11.72. 4,478,679 shares of the company traded hands. The firm’s market cap is $4.04 billion. The company’s 50-day moving average is $11.89 and its 200 day moving average is $9.52. WPX Energy Inc. has a 52-week low of $2.53 and a 52-week high of $13.92.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ 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 net margin of 142.42% and a negative return on equity of 6.76%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) EPS. On average, equities analysts anticipate that WPX Energy Inc. will post ($0.81) earnings per share for the current year.
WPX has been the topic of a number of research reports. BMO Capital Markets reissued a “hold” rating and set a $13.00 target price on shares of WPX Energy in a research report on Wednesday, September 7th. Deutsche Bank AG raised their target price on shares of WPX Energy from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Tuesday, June 14th. Wunderlich cut their target price on shares of WPX Energy from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, June 7th. Barclays PLC raised their target price on shares of WPX Energy from $6.00 to $7.50 and gave the company an “underweight” rating in a research report on Monday, August 8th. Finally, Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.08.
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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