Millennium Management LLC boosted its stake in shares of WPX Energy Inc (NYSE:WPX) by 83.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,867,732 shares of the oil and gas producer’s stock after purchasing an additional 6,748,268 shares during the quarter. Millennium Management LLC owned about 3.73% of WPX Energy worth $209,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of WPX. Nationwide Fund Advisors raised its stake in WPX Energy by 8.6% in the third quarter. Nationwide Fund Advisors now owns 732,535 shares of the oil and gas producer’s stock valued at $8,424,000 after buying an additional 58,159 shares during the last quarter. First Trust Advisors LP raised its stake in WPX Energy by 6.6% in the third quarter. First Trust Advisors LP now owns 145,306 shares of the oil and gas producer’s stock valued at $1,671,000 after buying an additional 9,045 shares during the last quarter. Aperio Group LLC raised its stake in WPX Energy by 16.1% in the third quarter. Aperio Group LLC now owns 82,752 shares of the oil and gas producer’s stock valued at $952,000 after buying an additional 11,505 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in WPX Energy in the third quarter valued at about $383,000. Finally, Principal Financial Group Inc. raised its stake in WPX Energy by 0.7% in the third quarter. Principal Financial Group Inc. now owns 1,692,015 shares of the oil and gas producer’s stock valued at $19,458,000 after buying an additional 11,119 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on WPX shares. Citigroup upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, November 16th. Robert W. Baird raised their price objective on WPX Energy from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Bank of America raised their price objective on WPX Energy from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Piper Jaffray Companies restated a “hold” rating and issued a $17.00 price objective on shares of WPX Energy in a research note on Tuesday, January 9th. Finally, Goldman Sachs Group upgraded WPX Energy from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.12.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.06. The firm had revenue of $238.00 million for the quarter, compared to analyst estimates of $410.78 million. WPX Energy had a negative return on equity of 3.83% and a negative net margin of 1.20%. WPX Energy’s revenue for the quarter was up 170.5% compared to the same quarter last year. During the same period last year, the company earned ($0.16) earnings per share. analysts predict that WPX Energy Inc will post 0.01 EPS for the current year.
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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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