CIBC Asset Management Inc lifted its position in WPX Energy Inc (NYSE:WPX) by 113.3% in the first quarter, HoldingsChannel.com reports. The firm owned 70,812 shares of the oil and gas producer’s stock after acquiring an additional 37,621 shares during the period. CIBC Asset Management Inc’s holdings in WPX Energy were worth $928,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of WPX Energy by 24.4% during the 1st quarter. Victory Capital Management Inc. now owns 854,437 shares of the oil and gas producer’s stock worth $11,202,000 after buying an additional 167,449 shares in the last quarter. Stevens Capital Management LP increased its stake in WPX Energy by 140.4% in the 1st quarter. Stevens Capital Management LP now owns 316,147 shares of the oil and gas producer’s stock valued at $4,145,000 after purchasing an additional 184,621 shares in the last quarter. Texas Permanent School Fund increased its stake in WPX Energy by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 268,360 shares of the oil and gas producer’s stock valued at $3,518,000 after purchasing an additional 9,828 shares in the last quarter. Lenox Wealth Management Inc. purchased a new position in WPX Energy in the 1st quarter valued at approximately $391,000. Finally, First Interstate Bank purchased a new position in WPX Energy in the 1st quarter valued at approximately $157,000. 95.29% of the stock is owned by hedge funds and other institutional investors.
WPX Energy stock opened at $11.33 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.58. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 125.89, a P/E/G ratio of 0.77 and a beta of 2.31. WPX Energy Inc has a fifty-two week low of $9.89 and a fifty-two week high of $20.80.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $359.00 million during the quarter, compared to the consensus estimate of $547.79 million. WPX Energy had a return on equity of 2.15% and a net margin of 9.50%. WPX Energy’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. On average, research analysts anticipate that WPX Energy Inc will post 0.44 EPS for the current year.
Several research firms recently weighed in on WPX. Mizuho reaffirmed a “hold” rating and issued a $14.00 price objective on shares of WPX Energy in a research note on Thursday, February 21st. ValuEngine downgraded WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Saturday, May 11th. TD Securities dropped their price objective on WPX Energy from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, February 22nd. Finally, Northland Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of WPX Energy in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.66.
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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.
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