WPX Energy Inc (WPX) Position Decreased by Ingalls & Snyder LLC

Ingalls & Snyder LLC lowered its stake in WPX Energy Inc (NYSE:WPX) by 14.4% during the first quarter, Holdings Channel reports. The institutional investor owned 167,028 shares of the oil and gas producer’s stock after selling 27,998 shares during the period. Ingalls & Snyder LLC’s holdings in WPX Energy were worth $2,237,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Texas Permanent School Fund raised its position in WPX Energy by 23.8% in the third quarter. Texas Permanent School Fund now owns 262,312 shares of the oil and gas producer’s stock valued at $3,460,000 after buying an additional 50,343 shares in the last quarter. First Trust Advisors LP raised its position in WPX Energy by 195.5% in the third quarter. First Trust Advisors LP now owns 4,397,845 shares of the oil and gas producer’s stock valued at $58,008,000 after buying an additional 2,909,558 shares in the last quarter. TradeLink Capital LLC raised its position in WPX Energy by 16.5% in the third quarter. TradeLink Capital LLC now owns 17,668 shares of the oil and gas producer’s stock valued at $233,000 after buying an additional 2,500 shares in the last quarter. PNC Financial Services Group Inc. raised its position in WPX Energy by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 13,095 shares of the oil and gas producer’s stock valued at $172,000 after buying an additional 672 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in WPX Energy by 30.8% in the third quarter. Prudential Financial Inc. now owns 212,232 shares of the oil and gas producer’s stock valued at $2,799,000 after buying an additional 49,920 shares in the last quarter. Institutional investors and hedge funds own 82.08% of the company’s stock.

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

Shares of WPX Energy Inc (NYSE:WPX) traded up 3.86% during midday trading on Friday, reaching $12.65. 7,766,791 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $12.39 and a 200-day moving average of $13.19. The company’s market capitalization is $5.03 billion. WPX Energy Inc has a 1-year low of $8.23 and a 1-year high of $16.17.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. WPX Energy had a negative return on equity of 7.94% and a negative net margin of 178.46%. The company had revenue of $461 million during the quarter, compared to analyst estimates of $254.24 million. Equities analysts expect that WPX Energy Inc will post ($0.55) earnings per share for the current fiscal year.

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Several equities analysts have recently commented on WPX shares. BMO Capital Markets upgraded shares of WPX Energy from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 31st. FBR & Co restated a “buy” rating on shares of WPX Energy in a research report on Wednesday, February 22nd. Scotiabank restated a “buy” rating and set a $23.00 price target on shares of WPX Energy in a research report on Thursday, February 23rd. Zacks Investment Research lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Monday, February 27th. Finally, Seaport Global Securities upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating in a research report on Friday, March 31st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $16.10.

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.

12 Month Chart for NYSE:WPX

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