Canada Pension Plan Investment Board cut its holdings in WPX Energy Inc (NYSE:WPX) by 39.4% during the second quarter, Holdings Channel reports. The institutional investor owned 65,920 shares of the oil and gas producer’s stock after selling 42,800 shares during the period. Canada Pension Plan Investment Board’s holdings in WPX Energy were worth $1,189,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quantitative Systematic Strategies LLC boosted its position in WPX Energy by 68.8% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 47,607 shares of the oil and gas producer’s stock valued at $858,000 after buying an additional 19,405 shares during the period. Trexquant Investment LP purchased a new stake in WPX Energy in the 2nd quarter valued at about $774,000. Arizona State Retirement System boosted its position in WPX Energy by 3.0% in the 2nd quarter. Arizona State Retirement System now owns 277,451 shares of the oil and gas producer’s stock valued at $5,002,000 after buying an additional 8,084 shares during the period. SG Americas Securities LLC boosted its position in WPX Energy by 60.3% in the 2nd quarter. SG Americas Securities LLC now owns 110,539 shares of the oil and gas producer’s stock valued at $1,993,000 after buying an additional 41,560 shares during the period. Finally, Tortoise Capital Advisors L.L.C. boosted its position in WPX Energy by 3.5% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 728,360 shares of the oil and gas producer’s stock valued at $13,132,000 after buying an additional 24,649 shares during the period. Hedge funds and other institutional investors own 93.77% of the company’s stock.

Shares of WPX opened at $17.60 on Friday. WPX Energy Inc has a fifty-two week low of $9.45 and a fifty-two week high of $19.78. The company has a market capitalization of $7.58 billion, a PE ratio of -41.90 and a beta of 2.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.58 and a quick ratio of 0.55.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. WPX Energy had a negative net margin of 30.02% and a negative return on equity of 0.97%. The company had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $432.92 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. WPX Energy’s revenue for the quarter was up 22.9% compared to the same quarter last year. equities analysts expect that WPX Energy Inc will post 0.23 EPS for the current year.

Several equities research analysts have issued reports on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $22.00 price objective on shares of WPX Energy in a research report on Thursday, August 30th. ValuEngine raised shares of WPX Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $26.00 price target on shares of WPX Energy in a research report on Thursday, August 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 price target on shares of WPX Energy in a research report on Wednesday, August 1st. Finally, Zacks Investment Research cut shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. WPX Energy currently has an average rating of “Buy” and an average target price of $22.04.

WPX Energy Profile

WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.

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

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