NGAM Advisors L.P. decreased its position in WPX Energy, Inc. (NYSE:WPX) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 284,755 shares of the oil and gas producer’s stock after selling 12,646 shares during the period. NGAM Advisors L.P.’s holdings in WPX Energy were worth $2,750,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC raised its position in shares of 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 worth $112,251,000 after buying an additional 2,255,271 shares during the period. Canada Pension Plan Investment Board raised its position in shares of WPX Energy by 106.0% in the first quarter. Canada Pension Plan Investment Board now owns 323,920 shares of the oil and gas producer’s stock worth $4,337,000 after buying an additional 166,700 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of WPX Energy by 13.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 136,421 shares of the oil and gas producer’s stock worth $1,827,000 after buying an additional 16,697 shares during the period. ProShare Advisors LLC raised its position in shares of WPX Energy by 6.9% in the first quarter. ProShare Advisors LLC now owns 69,405 shares of the oil and gas producer’s stock worth $929,000 after buying an additional 4,492 shares during the period. Finally, Profund Advisors LLC raised its position in shares of WPX Energy by 5.9% in the first quarter. Profund Advisors LLC now owns 73,906 shares of the oil and gas producer’s stock worth $990,000 after buying an additional 4,088 shares during the period. Institutional investors own 95.03% of the company’s stock.

Shares of WPX Energy, Inc. (NYSE WPX) opened at 10.16 on Friday. WPX Energy, Inc. has a one year low of $8.40 and a one year high of $16.17. The firm has a 50 day moving average price of $10.00 and a 200-day moving average price of $11.72. The firm’s market cap is $4.04 billion.

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

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A number of brokerages have recently weighed in on WPX. FBR & Co reiterated a “buy” rating and set a $19.00 target price on shares of WPX Energy in a research note on Monday, April 17th. BMO Capital Markets reissued a “buy” rating and set a $17.00 price target on shares of WPX Energy in a research report on Monday, May 15th. ValuEngine downgraded WPX Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Credit Suisse Group initiated coverage on WPX Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $18.00 price target on the stock. Finally, Barclays PLC set a $10.00 price target on WPX Energy and gave the stock a “hold” rating in a research report on Friday, August 4th. Two 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 stock. The company currently has a consensus rating of “Buy” and an average price target of $15.95.

About WPX Energy

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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