Dimensional Fund Advisors LP increased its holdings in WPX Energy Inc (NYSE:WPX) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,606,150 shares of the oil and gas producer’s stock after acquiring an additional 98,950 shares during the period. Dimensional Fund Advisors LP’s holdings in WPX Energy were worth $119,115,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in WPX. Westwood Holdings Group Inc. purchased a new stake in shares of WPX Energy during the 1st quarter worth about $43,669,000. Thrivent Financial for Lutherans raised its stake in shares of WPX Energy by 51.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 5,833,177 shares of the oil and gas producer’s stock worth $86,214,000 after purchasing an additional 1,982,615 shares in the last quarter. Scout Investments Inc. purchased a new stake in shares of WPX Energy during the 2nd quarter worth about $35,397,000. Caymus Capital Partners L.P. purchased a new stake in shares of WPX Energy during the 1st quarter worth about $28,007,000. Finally, Carillon Tower Advisers Inc. purchased a new stake in shares of WPX Energy during the 2nd quarter worth about $22,708,000. 93.77% of the stock is owned by hedge funds and other institutional investors.
Shares of WPX stock opened at $17.43 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58. WPX Energy Inc has a twelve month low of $9.45 and a twelve month high of $19.78. The company has a market capitalization of $8.01 billion, a P/E ratio of -41.52 and a beta of 2.33.
WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. WPX Energy had a negative return on equity of 0.97% and a negative net margin of 30.02%. The business had revenue of $430.00 million for the quarter, compared to the consensus estimate of $432.92 million. During the same period last year, the business earned $0.18 EPS. The firm’s revenue was up 22.9% compared to the same quarter last year. research analysts forecast that WPX Energy Inc will post 0.23 EPS for the current year.
A number of equities research analysts have recently weighed in on the company. Bank of America raised their price target on WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $25.00 price target on shares of WPX Energy in a research note on Wednesday, August 1st. Goldman Sachs Group downgraded WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research note on Friday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target on shares of WPX Energy in a research note on Thursday, August 30th. Finally, ValuEngine downgraded WPX Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $22.04.
About WPX Energy
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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