WPX Energy Inc (NYSE:WPX) Shares Sold by ARP Americas LP

ARP Americas LP trimmed its holdings in shares of WPX Energy Inc (NYSE:WPX) by 72.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,279 shares of the oil and gas producer’s stock after selling 115,050 shares during the period. ARP Americas LP’s holdings in WPX Energy were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WPX. UBS Group AG lifted its position in shares of WPX Energy by 25.0% during the first quarter. UBS Group AG now owns 521,946 shares of the oil and gas producer’s stock worth $1,592,000 after purchasing an additional 104,545 shares in the last quarter. FDx Advisors Inc. acquired a new position in shares of WPX Energy during the first quarter worth $79,000. Ensign Peak Advisors Inc lifted its position in shares of WPX Energy by 7.0% during the first quarter. Ensign Peak Advisors Inc now owns 1,481,000 shares of the oil and gas producer’s stock worth $4,517,000 after purchasing an additional 97,478 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of WPX Energy by 780.2% during the first quarter. Two Sigma Advisers LP now owns 944,500 shares of the oil and gas producer’s stock worth $2,881,000 after purchasing an additional 837,200 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of WPX Energy by 39,967.6% during the first quarter. AQR Capital Management LLC now owns 9,063,292 shares of the oil and gas producer’s stock worth $27,643,000 after purchasing an additional 9,040,672 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. Scotiabank boosted their target price on shares of WPX Energy from $7.00 to $8.00 and gave the stock a “sector outperform” rating in a research report on Monday, July 13th. Mizuho upped their price target on shares of WPX Energy from $6.00 to $9.00 in a report on Friday, June 19th. Seaport Global Securities began coverage on shares of WPX Energy in a report on Monday, July 27th. They issued a “neutral” rating on the stock. KeyCorp cut their price target on shares of WPX Energy from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Finally, Northland Securities upped their price target on shares of WPX Energy from $7.00 to $7.50 and gave the company an “outperform” rating in a report on Monday, July 20th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $12.10.

WPX stock traded down $0.04 during trading on Friday, hitting $5.97. 9,656,942 shares of the company’s stock traded hands, compared to its average volume of 10,080,837. The company has a quick ratio of 1.64, a current ratio of 1.68 and a debt-to-equity ratio of 0.63. WPX Energy Inc has a 52 week low of $1.94 and a 52 week high of $14.43. The stock has a fifty day moving average price of $6.09 and a two-hundred day moving average price of $7.06. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.36 and a beta of 3.60.

WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.02 by $0.10. The business had revenue of $33.00 million during the quarter, compared to analyst estimates of $593.36 million. WPX Energy had a negative net margin of 29.90% and a positive return on equity of 3.77%. The company’s quarterly revenue was down 95.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. As a group, equities research analysts expect that WPX Energy Inc will post 0.22 EPS for the current fiscal year.

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

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