Teachers Retirement System of The State of Kentucky raised its stake in WPX Energy Inc (NYSE:WPX) by 6.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 940,203 shares of the oil and gas producer’s stock after purchasing an additional 56,912 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.24% of WPX Energy worth $13,228,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. California State Teachers Retirement System lifted its position in WPX Energy by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 665,760 shares of the oil and gas producer’s stock valued at $9,367,000 after purchasing an additional 3,835 shares during the last quarter. Amalgamated Bank lifted its position in WPX Energy by 6.1% in the fourth quarter. Amalgamated Bank now owns 76,939 shares of the oil and gas producer’s stock valued at $1,083,000 after purchasing an additional 4,426 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in WPX Energy by 51.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,937 shares of the oil and gas producer’s stock valued at $295,000 after purchasing an additional 7,080 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in WPX Energy in the fourth quarter valued at approximately $114,000. Finally, Oppenheimer & Co. Inc. lifted its position in WPX Energy by 0.9% in the third quarter. Oppenheimer & Co. Inc. now owns 920,102 shares of the oil and gas producer’s stock valued at $10,581,000 after purchasing an additional 8,410 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.
Several brokerages have weighed in on WPX. Seaport Global Securities upgraded WPX Energy from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 19th. Robert W. Baird boosted their price objective on WPX Energy from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Sunday, January 21st. SunTrust Banks set a $20.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Friday, January 19th. Finally, Cowen set a $18.00 price objective on WPX Energy and gave the company a “buy” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. WPX Energy currently has a consensus rating of “Buy” and a consensus target price of $18.12.
WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. The company had revenue of $238.00 million for the quarter, compared to analysts’ expectations of $410.78 million. WPX Energy had a negative return on equity of 3.83% and a negative net margin of 1.20%. The firm’s revenue for the quarter was up 170.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) earnings per share. research analysts anticipate that WPX Energy Inc will post 0.01 EPS for the current year.
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About WPX Energy
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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