Allianz Asset Management GmbH trimmed its holdings in shares of WPX Energy Inc (NYSE:WPX) by 7.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,328,231 shares of the oil and gas producer’s stock after selling 273,425 shares during the quarter. Allianz Asset Management GmbH owned 0.79% of WPX Energy worth $38,308,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in shares of WPX Energy by 166.0% in the first quarter. Quadrant Capital Group LLC now owns 7,820 shares of the oil and gas producer’s stock worth $98,000 after acquiring an additional 4,880 shares during the period. Spectrum Management Group Inc. bought a new stake in WPX Energy during the second quarter worth about $115,000. Capital Investment Advisors LLC bought a new stake in WPX Energy during the second quarter worth about $116,000. Commonwealth Equity Services LLC bought a new stake in WPX Energy during the second quarter worth about $123,000. Finally, Machina Capital S.A.S. purchased a new position in shares of WPX Energy in the second quarter worth about $128,000. 98.70% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on WPX. Barclays set a $14.00 price target on WPX Energy and gave the company a “buy” rating in a report on Friday, August 30th. Cowen set a $14.00 price target on WPX Energy and gave the company a “buy” rating in a report on Wednesday, August 21st. MKM Partners assumed coverage on WPX Energy in a report on Thursday, June 13th. They set a “buy” rating and a $15.00 price target on the stock. Williams Capital reaffirmed a “buy” rating and set a $18.00 price objective on shares of WPX Energy in a research report on Tuesday, August 6th. Finally, Guggenheim set a $18.00 price target on WPX Energy and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. WPX Energy has an average rating of “Buy” and an average target price of $18.25.
Shares of WPX traded down $0.20 during midday trading on Friday, hitting $10.40. 130,834 shares of the company traded hands, compared to its average volume of 6,793,486. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.71 and a current ratio of 0.75. WPX Energy Inc has a 52 week low of $8.79 and a 52 week high of $20.80. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 114.94, a PEG ratio of 1.00 and a beta of 2.13. The firm has a 50 day moving average of $10.24 and a 200-day moving average of $11.78.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $695.00 million for the quarter, compared to analyst estimates of $566.34 million. WPX Energy had a net margin of 23.59% and a return on equity of 2.28%. The firm’s revenue for the quarter was up 61.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. Sell-side analysts predict that WPX Energy Inc will post 0.38 earnings per share for the current fiscal year.
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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.
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