WPX Energy Inc. (NYSE:WPX)’s share price was down 9.3% during trading on Monday . The stock traded as low as $9.04 and last traded at $9.06, with a volume of 8,050,492 shares trading hands. The stock had previously closed at $9.99.

Several equities analysts recently commented on WPX shares. Drexel Hamilton started coverage on shares of WPX Energy in a research note on Tuesday, April 5th. They issued a “buy” rating and a $11.00 price target on the stock. Wunderlich started coverage on shares of WPX Energy in a research note on Wednesday, April 6th. They issued a “buy” rating and a $11.00 price target on the stock. Citigroup Inc. upped their price target on shares of WPX Energy from $5.50 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, April 7th. Zacks Investment Research downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 11th. Finally, Imperial Capital upped their price target on shares of WPX Energy from $5.50 to $8.75 and gave the company an “outperform” rating in a research note on Tuesday, April 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $10.28.

The stock’s market capitalization is $2.53 billion. The firm’s 50 day moving average price is $9.56 and its 200-day moving average price is $7.68.

In other WPX Energy news, CEO Richard E. Muncrief bought 20,400 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The stock was bought at an average price of $9.80 per share, for a total transaction of $199,920.00. Following the completion of the acquisition, the chief executive officer now directly owns 732,481 shares in the company, valued at $7,178,313.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen L. Faulkner, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $9.88, for a total value of $49,400.00. Following the transaction, the vice president now owns 35,754 shares of the company’s stock, valued at approximately $353,249.52. The disclosure for this sale can be found here.

Several institutional investors have made changes to their positions in the stock. Poplar Forest Capital LLC increased its position in shares of WPX Energy by 11.6% in the fourth quarter. Poplar Forest Capital LLC now owns 2,503,130 shares of the company’s stock worth $14,368,000 after buying an additional 260,593 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of WPX Energy by 126.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 342,079 shares of the company’s stock worth $1,964,000 after buying an additional 191,054 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of WPX Energy during the fourth quarter worth approximately $16,759,000. I.G. Investment Management LTD. increased its position in shares of WPX Energy by 9.9% in the fourth quarter. I.G. Investment Management LTD. now owns 605,048 shares of the company’s stock worth $3,473,000 after buying an additional 54,626 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in shares of WPX Energy by 9.6% in the fourth quarter. Systematic Financial Management LP now owns 7,889,070 shares of the company’s stock worth $45,283,000 after buying an additional 690,534 shares in the last quarter.

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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