Capital Fund Management S.A. acquired a new stake in shares of WPX Energy Inc (NYSE:WPX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 99,987 shares of the oil and gas producer’s stock, valued at approximately $2,012,000.

A number of other large investors have also recently added to or reduced their stakes in WPX. Guggenheim Capital LLC boosted its position in shares of WPX Energy by 28.3% in the first quarter. Guggenheim Capital LLC now owns 65,445 shares of the oil and gas producer’s stock worth $969,000 after buying an additional 14,443 shares during the period. Principal Financial Group Inc. boosted its position in shares of WPX Energy by 3.0% in the first quarter. Principal Financial Group Inc. now owns 1,741,448 shares of the oil and gas producer’s stock worth $25,738,000 after buying an additional 50,278 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of WPX Energy in the first quarter worth $5,648,000. State of Alaska Department of Revenue boosted its position in shares of WPX Energy by 39.9% in the second quarter. State of Alaska Department of Revenue now owns 43,510 shares of the oil and gas producer’s stock worth $784,000 after buying an additional 12,420 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of WPX Energy by 3.2% in the second quarter. Louisiana State Employees Retirement System now owns 107,900 shares of the oil and gas producer’s stock worth $1,945,000 after buying an additional 3,300 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

WPX opened at $14.32 on Monday. The firm has a market cap of $6.02 billion, a P/E ratio of -34.10 and a beta of 2.34. WPX Energy Inc has a 1 year low of $11.91 and a 1 year high of $20.80. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.57.

WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. The firm had revenue of $484.00 million for the quarter, compared to analyst estimates of $514.08 million. During the same period in the previous year, the business posted ($0.10) EPS. WPX Energy’s revenue for the quarter was up 233.8% on a year-over-year basis. As a group, analysts predict that WPX Energy Inc will post 0.19 earnings per share for the current year.

Several analysts have recently commented on WPX shares. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday, July 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 target price on shares of WPX Energy in a research report on Wednesday, August 1st. Bank of America raised their target price on WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Goldman Sachs Group cut WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Friday, August 3rd. Finally, Northland Securities set a $26.00 target price on WPX Energy and gave the stock a “buy” rating in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. WPX Energy currently has an average rating of “Buy” and a consensus price target of $23.00.

COPYRIGHT VIOLATION NOTICE: This report was published by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2018/11/19/capital-fund-management-s-a-acquires-shares-of-99987-wpx-energy-inc-wpx.html.

WPX Energy Company 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.

Recommended Story: Stock Symbol

Want to see what other hedge funds are holding WPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WPX Energy Inc (NYSE:WPX).

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

Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.