Northern Trust Corp decreased its stake in WPX Energy Inc (NYSE:WPX) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,067,984 shares of the oil and gas producer’s stock after selling 101,799 shares during the period. Northern Trust Corp owned 0.73% of WPX Energy worth $55,315,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Carillon Tower Advisers Inc. acquired a new stake in WPX Energy during the 2nd quarter worth $22,708,000. Renaissance Technologies LLC boosted its stake in WPX Energy by 321.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,310,600 shares of the oil and gas producer’s stock worth $23,630,000 after purchasing an additional 999,400 shares during the period. Private Advisor Group LLC acquired a new stake in WPX Energy during the 2nd quarter worth $239,000. Stevens Capital Management LP boosted its stake in WPX Energy by 58.2% during the 2nd quarter. Stevens Capital Management LP now owns 139,955 shares of the oil and gas producer’s stock worth $2,523,000 after purchasing an additional 51,484 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of WPX Energy by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,741,448 shares of the oil and gas producer’s stock worth $25,738,000 after acquiring an additional 50,278 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.
Shares of WPX opened at $18.99 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $8.45 billion, a PE ratio of -45.21 and a beta of 2.33. WPX Energy Inc has a 52-week low of $9.90 and a 52-week high of $20.80.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The business had revenue of $430.00 million during the quarter, compared to the consensus estimate 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 revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 EPS. On average, equities research analysts forecast that WPX Energy Inc will post 0.2 EPS for the current fiscal year.
Several analysts have recently commented on WPX shares. Stifel Nicolaus raised their target price on shares of WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, June 20th. US Capital Advisors started coverage on shares of WPX Energy in a research note on Monday, July 2nd. They issued a “buy” rating for the company. TD Securities started coverage on shares of WPX Energy in a research note on Thursday, July 5th. They issued a “buy” rating and a $25.00 target price for the company. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Thursday, July 26th. Finally, Robert W. Baird restated a “buy” rating and issued a $25.00 target price on shares of WPX Energy in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.58.
WPX Energy Company Profile
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.
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