NJ State Employees Deferred Compensation Plan continued to hold its stake in WPX Energy, Inc. (NYSE:WPX) during the second quarter, Holdings Channel reports. The institutional investor owned 16,666 shares of the oil and gas producer’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in WPX Energy were worth $161,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of WPX. Vanguard Group Inc. increased its stake in WPX Energy by 20.4% in the first quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock worth $443,761,000 after buying an additional 5,610,066 shares in the last quarter. BlackRock Inc. increased its stake in WPX Energy by 13,729.5% in the first quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock valued at $431,192,000 after buying an additional 31,969,595 shares in the last quarter. State Street Corp increased its stake in WPX Energy by 13.4% in the first quarter. State Street Corp now owns 13,419,044 shares of the oil and gas producer’s stock valued at $179,682,000 after buying an additional 1,586,531 shares in the last quarter. FMR LLC increased its stake in WPX Energy by 4.9% in the first quarter. FMR LLC now owns 10,146,141 shares of the oil and gas producer’s stock valued at $135,857,000 after buying an additional 476,820 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in WPX Energy by 36.8% in the first quarter. Jennison Associates LLC now owns 8,383,200 shares of the oil and gas producer’s stock valued at $112,251,000 after buying an additional 2,255,271 shares in the last quarter. 95.03% of the stock is owned by institutional investors.

WPX Energy, Inc. (NYSE:WPX) opened at 10.17 on Friday. The firm has a 50 day moving average of $9.97 and a 200-day moving average of $11.75. The stock’s market cap is $4.05 billion. WPX Energy, Inc. has a 52-week low of $8.40 and a 52-week high of $16.17.

WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413 million during the quarter, compared to analyst estimates of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The business’s revenue was up 199.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.28) EPS. Equities analysts anticipate that WPX Energy, Inc. will post ($0.53) earnings per share for the current fiscal year.

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Several analysts have weighed in on WPX shares. FBR & Co reissued a “buy” rating and issued a $19.00 price target on shares of WPX Energy in a research note on Monday, April 17th. BMO Capital Markets reissued a “buy” rating and issued a $17.00 price target on shares of WPX Energy in a research note on Monday, May 15th. Credit Suisse Group started coverage on shares of WPX Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $18.00 price target for the company. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Scotiabank reissued a “buy” rating and issued a $20.00 price target on shares of WPX Energy in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $15.95.

WPX Energy Company Profile

WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.

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Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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