Cider Mill Investments LP lowered its holdings in WPX Energy Inc (NYSE:WPX) by 55.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 310,474 shares of the oil and gas producer’s stock after selling 385,600 shares during the quarter. WPX Energy comprises 1.8% of Cider Mill Investments LP’s investment portfolio, making the stock its 22nd biggest holding. Cider Mill Investments LP owned about 0.08% of WPX Energy worth $4,368,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. purchased a new position in WPX Energy during the 4th quarter worth approximately $114,000. Cerebellum GP LLC purchased a new position in WPX Energy during the 4th quarter worth approximately $130,000. Avestar Capital LLC purchased a new position in WPX Energy during the 4th quarter worth approximately $131,000. Commonwealth Equity Services Inc purchased a new position in WPX Energy during the 3rd quarter worth approximately $137,000. Finally, CIBC Asset Management Inc purchased a new position in WPX Energy during the 3rd quarter worth approximately $159,000. Institutional investors and hedge funds own 99.29% of the company’s stock.
WPX has been the topic of a number of research reports. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Sunday, January 21st. Citigroup upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, November 16th. Northland Securities set a $17.00 price target on WPX Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. Seaport Global Securities upgraded WPX Energy from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 19th. Finally, Cowen set a $18.00 price target on WPX Energy and gave the stock a “buy” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. WPX Energy currently has an average rating of “Buy” and a consensus target price of $18.12.
WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.06. WPX Energy had a negative return on equity of 3.83% and a negative net margin of 1.20%. The company had revenue of $238.00 million for the quarter, compared to the consensus estimate of $410.78 million. During the same period last year, the business posted ($0.16) EPS. The company’s revenue was up 170.5% on a year-over-year basis. equities research analysts predict that WPX Energy Inc will post 0.01 earnings per share for the current fiscal year.
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WPX Energy 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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