Aperio Group LLC cut its holdings in WPX Energy, Inc. (NYSE:WPX) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,046,125 shares of the oil and gas producer’s stock after selling 7,834 shares during the quarter. Aperio Group LLC owned 0.19% of WPX Energy worth $5,126,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. First Mercantile Trust Co. boosted its stake in shares of WPX Energy by 359.8% in the second quarter. First Mercantile Trust Co. now owns 8,460 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 6,620 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of WPX Energy in the second quarter valued at approximately $52,000. Private Advisor Group LLC purchased a new stake in shares of WPX Energy in the second quarter valued at approximately $62,000. JustInvest LLC purchased a new stake in shares of WPX Energy in the second quarter valued at approximately $66,000. Finally, Bailard Inc. purchased a new stake in shares of WPX Energy in the second quarter valued at approximately $67,000. Hedge funds and other institutional investors own 97.49% of the company’s stock.
WPX has been the subject of several research reports. Seaport Global Securities initiated coverage on WPX Energy in a report on Monday, July 27th. They set a “neutral” rating for the company. Northland Securities cut WPX Energy from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $7.50 to $9.00 in a report on Monday, September 14th. Johnson Rice cut WPX Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. MKM Partners cut WPX Energy from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a report on Tuesday, September 29th. Finally, Piper Sandler raised WPX Energy from a “neutral” rating to an “overweight” rating and set a $8.00 price objective for the company in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $9.91.
WPX Energy stock opened at $6.74 on Friday. The firm has a market capitalization of $3.78 billion, a P/E ratio of -4.27, a PEG ratio of 1.26 and a beta of 3.40. The stock has a fifty day moving average price of $5.13 and a 200 day moving average price of $5.65. WPX Energy, Inc. has a 52 week low of $1.94 and a 52 week high of $14.43. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.
WPX Energy (NYSE:WPX) last released its earnings results on Thursday, November 5th. The oil and gas producer reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.05. The firm had revenue of $473.00 million during the quarter, compared to analyst estimates of $633.52 million. WPX Energy had a positive return on equity of 3.78% and a negative net margin of 29.90%. The business’s quarterly revenue was down 40.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. As a group, equities analysts predict that WPX Energy, Inc. will post 0.34 EPS for the current year.
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. It produces oil, natural gas, and natural gas liquids. The company operates 688 wells and owns interests in 787 wells covering an area of approximately 122,000 net acres located in Delaware Basin, Texas, and New Mexico; and operates 404 wells and owns interests in 104 wells that covers an area of approximately 87,000 net acres situated in the Williston Basin, North Dakota.
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