Wasatch Advisors Inc. Sells 11,437 Shares of WPX Energy, Inc. (WPX)
Wasatch Advisors Inc. lowered its stake in WPX Energy, Inc. (NYSE:WPX) by 4.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 223,077 shares of the oil and gas producer’s stock after selling 11,437 shares during the quarter. Wasatch Advisors Inc. owned 0.06% of WPX Energy worth $2,155,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Mitchell Group Inc. lifted its position in WPX Energy by 15.0% in the second quarter. Mitchell Group Inc. now owns 2,083,700 shares of the oil and gas producer’s stock valued at $20,129,000 after purchasing an additional 271,120 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in WPX Energy by 53.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 583,368 shares of the oil and gas producer’s stock valued at $5,635,000 after purchasing an additional 203,941 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in WPX Energy by 23.1% in the second quarter. BNP Paribas Arbitrage SA now owns 215,811 shares of the oil and gas producer’s stock valued at $2,085,000 after purchasing an additional 40,522 shares during the last quarter. Gagnon Advisors LLC lifted its position in WPX Energy by 87.1% in the second quarter. Gagnon Advisors LLC now owns 368,416 shares of the oil and gas producer’s stock valued at $3,559,000 after purchasing an additional 171,487 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted 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 valued at $628,000 after purchasing an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.
In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy stock in a transaction 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 directly owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.
Shares of WPX Energy, Inc. (NYSE WPX) opened at 10.83 on Thursday. The stock’s market capitalization is $4.31 billion. The company has a 50-day moving average price of $10.80 and a 200 day moving average price of $10.84. WPX Energy, Inc. has a 52 week low of $8.39 and a 52 week high of $16.17.
WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.02. The business had revenue of $413.00 million during the quarter, compared to analyst estimates of $301.78 million. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. WPX Energy’s revenue was up 199.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.28) EPS. Equities analysts forecast that WPX Energy, Inc. will post ($0.50) EPS for the current fiscal year.
Several analysts have weighed in on the company. Bank of America Corporation assumed coverage on WPX Energy in a research report on Monday. They issued a “buy” rating for the company. Citigroup Inc. boosted their price objective on WPX Energy from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, October 12th. BMO Capital Markets set a $14.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Seaport Global Securities reiterated a “sell” rating and issued a $8.00 price objective (up previously from $7.00) on shares of WPX Energy in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. WPX Energy has a consensus rating of “Buy” and an average price target of $15.50.
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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