Monarch Partners Asset Management LLC Takes Position in WPX Energy Inc. (WPX)
Monarch Partners Asset Management LLC bought a new stake in shares of WPX Energy Inc. (NYSE:WPX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 666,870 shares of the company’s stock, valued at approximately $6,209,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital Fund Management S.A. purchased a new position in WPX Energy during the second quarter valued at $1,328,000. Retirement Systems of Alabama increased its position in WPX Energy by 18.4% in the second quarter. Retirement Systems of Alabama now owns 357,602 shares of the company’s stock valued at $3,329,000 after buying an additional 55,661 shares in the last quarter. Louisiana State Employees Retirement System increased its position in WPX Energy by 13.6% in the second quarter. Louisiana State Employees Retirement System now owns 73,700 shares of the company’s stock valued at $686,000 after buying an additional 8,800 shares in the last quarter. Bank of Montreal Can purchased a new position in WPX Energy during the second quarter valued at $1,076,000. Finally, Daiwa Securities Group Inc. purchased a new position in WPX Energy during the second quarter valued at $1,164,000. 93.91% of the stock is owned by institutional investors.
WPX Energy Inc. (NYSE:WPX) traded down 1.66% during midday trading on Tuesday, hitting $13.03. The stock had a trading volume of 8,358,294 shares. WPX Energy Inc. has a one year low of $2.53 and a one year high of $13.92. The stock has a 50-day moving average price of $12.31 and a 200 day moving average price of $9.91. The firm’s market cap is $4.49 billion.
WPX Energy (NYSE:WPX) last posted its earnings results on Thursday, August 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.07. WPX Energy had a negative net margin of 142.42% and a negative return on equity of 6.76%. The company earned $138 million during the quarter, compared to analyst estimates of $252.14 million. During the same quarter last year, the business posted ($0.11) EPS. WPX Energy’s quarterly revenue was down 10.4% compared to the same quarter last year. On average, analysts predict that WPX Energy Inc. will post ($0.81) earnings per share for the current year.
Several equities analysts have weighed in on the company. Wunderlich lifted their target price on WPX Energy from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday. Citigroup Inc. lifted their target price on WPX Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, September 12th. Susquehanna boosted their price objective on WPX Energy from $15.00 to $18.00 and gave the stock a “positive” rating in a research report on Friday, September 9th. BMO Capital Markets reissued a “hold” rating and set a $13.00 price objective on shares of WPX Energy in a research report on Wednesday, September 7th. Finally, Barclays PLC boosted their price objective on WPX Energy from $7.50 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $11.32.
About WPX Energy
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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