Shapiro Capital Management LLC Increases Position in WPX Energy, Inc. (WPX)
Shapiro Capital Management LLC increased its holdings in WPX Energy, Inc. (NYSE:WPX) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,297,864 shares of the oil and gas producer’s stock after purchasing an additional 177,625 shares during the period. WPX Energy makes up about 2.9% of Shapiro Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Shapiro Capital Management LLC owned about 3.09% of WPX Energy worth $118,797,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Advisors Inc. OK increased its position in WPX Energy by 2.0% in the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 200 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in WPX Energy by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock worth $628,000 after purchasing an additional 264 shares during the last quarter. Robotti Robert increased its position in WPX Energy by 0.9% in the second quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock worth $499,000 after purchasing an additional 450 shares during the last quarter. World Asset Management Inc increased its position in WPX Energy by 2.8% in the second quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock worth $243,000 after purchasing an additional 683 shares during the last quarter. Finally, M&T Bank Corp increased its position in WPX Energy by 5.0% in the first quarter. M&T Bank Corp now owns 19,161 shares of the oil and gas producer’s stock worth $257,000 after purchasing an additional 912 shares during the last quarter. Institutional investors own 97.61% of the company’s stock.
WPX has been the topic of a number of analyst reports. BMO Capital Markets set a $13.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Monday, August 28th. Credit Suisse Group assumed coverage on shares of WPX Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $18.00 price objective on the stock. Scotiabank restated a “buy” rating and issued a $19.00 price target on shares of WPX Energy in a report on Friday, June 30th. ValuEngine lowered shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the stock. WPX Energy has an average rating of “Buy” and a consensus price target of $15.62.
WPX Energy, Inc. (WPX) traded up 0.19% during midday trading on Tuesday, reaching $10.69. The company had a trading volume of 2,273,191 shares. The firm’s market capitalization is $4.25 billion. The firm’s 50-day moving average price is $10.07 and its 200 day moving average price is $11.04. WPX Energy, Inc. has a 12 month low of $8.39 and a 12 month high of $16.17.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The firm had revenue of $413.00 million during the quarter, compared to analyst estimates of $301.78 million. During the same quarter last year, the firm earned ($0.28) EPS. WPX Energy’s quarterly revenue was up 199.3% on a year-over-year basis. Equities analysts anticipate that WPX Energy, Inc. will post ($0.51) earnings per share for the current fiscal year.
In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $10.48, for a total transaction of $366,800.00. Following the completion of the sale, the insider now owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by company insiders.
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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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