Envestnet Asset Management Inc. lifted its stake in WPX Energy Inc (NYSE:WPX) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,493 shares of the oil and gas producer’s stock after buying an additional 12,933 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of WPX Energy worth $2,584,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position 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 buying an additional 4,880 shares during the period. Capital Investment Advisors LLC purchased a new stake in shares of WPX Energy in the second quarter worth about $116,000. Commonwealth Equity Services LLC purchased a new stake in shares of WPX Energy in the second quarter worth about $123,000. Machina Capital S.A.S. purchased a new stake in shares of WPX Energy in the second quarter worth about $128,000. Finally, Cleararc Capital Inc. purchased a new stake in shares of WPX Energy in the first quarter worth about $133,000. 98.70% of the stock is owned by institutional investors.
Shares of NYSE WPX opened at $10.76 on Friday. The stock’s 50 day moving average price is $10.26 and its two-hundred day moving average price is $11.85. WPX Energy Inc has a 52-week low of $8.79 and a 52-week high of $20.80. The stock has a market capitalization of $4.33 billion, a P/E ratio of 119.56, a PEG ratio of 0.96 and a beta of 2.26. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.47.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. WPX Energy had a return on equity of 2.28% and a net margin of 23.59%. The firm had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $566.34 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. WPX Energy’s revenue for the quarter was up 61.6% compared to the same quarter last year. On average, analysts anticipate that WPX Energy Inc will post 0.38 EPS for the current year.
A number of research analysts recently commented on WPX shares. 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 started coverage on WPX Energy in a report on Thursday, June 13th. They issued a “buy” rating and a $15.00 price target for the company. Guggenheim set a $18.00 price target on WPX Energy and gave the company a “buy” rating in a report on Wednesday, August 21st. Imperial Capital increased their price target on WPX Energy from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Saturday, May 11th. Two analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $18.25.
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 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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