Sapience Investments LLC lowered its position in WPX Energy Inc (NYSE:WPX) by 26.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 981,180 shares of the oil and gas producer’s stock after selling 347,550 shares during the period. WPX Energy makes up approximately 1.9% of Sapience Investments LLC’s investment portfolio, making the stock its 19th largest holding. Sapience Investments LLC owned 0.25% of WPX Energy worth $13,805,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brandywine Global Investment Management LLC purchased a new stake in WPX Energy in the fourth quarter valued at approximately $13,974,000. Fred Alger Management Inc. purchased a new stake in WPX Energy in the fourth quarter valued at approximately $455,000. Folger Hill Asset Management LP boosted its position in WPX Energy by 60.4% in the fourth quarter. Folger Hill Asset Management LP now owns 737,842 shares of the oil and gas producer’s stock valued at $10,381,000 after buying an additional 277,842 shares during the last quarter. Bamco Inc. NY boosted its position in WPX Energy by 20.7% in the fourth quarter. Bamco Inc. NY now owns 109,200 shares of the oil and gas producer’s stock valued at $1,536,000 after buying an additional 18,700 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in WPX Energy by 0.5% in the fourth quarter. Thrivent Financial For Lutherans now owns 3,850,562 shares of the oil and gas producer’s stock valued at $54,178,000 after buying an additional 17,269 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.
WPX Energy Inc (NYSE WPX) opened at $14.47 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 0.76. The firm has a market capitalization of $5,762.02, a P/E ratio of -180.85 and a beta of 2.41. WPX Energy Inc has a 52 week low of $8.39 and a 52 week high of $16.09.
WPX has been the topic of a number of recent research reports. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Sunday, January 21st. Citigroup upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Thursday, November 16th. Northland Securities set a $17.00 price objective on WPX Energy and gave the stock a “buy” rating in a research report on Monday, December 11th. Seaport Global Securities upgraded WPX Energy from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 19th. Finally, Cowen set a $18.00 price objective on WPX Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.12.
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WPX Energy Company Profile
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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