Connor Clark & Lunn Investment Management Ltd. purchased a new position in WPX Energy Inc (NYSE:WPX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 800,400 shares of the oil and gas producer’s stock, valued at approximately $16,104,000. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of WPX Energy as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of WPX. Hartford Financial Management Inc. bought a new position in shares of WPX Energy in the second quarter worth $108,000. Qube Research & Technologies Ltd bought a new position in shares of WPX Energy in the second quarter worth $108,000. DekaBank Deutsche Girozentrale increased its position in shares of WPX Energy by 321.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,237 shares of the oil and gas producer’s stock worth $158,000 after purchasing an additional 6,281 shares during the period. Meeder Asset Management Inc. bought a new position in shares of WPX Energy in the third quarter worth $159,000. Finally, Usca Ria LLC bought a new position in shares of WPX Energy in the second quarter worth $186,000. Institutional investors own 94.57% of the company’s stock.
A number of research analysts recently commented on the company. Bank of America raised their price target on WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Stifel Nicolaus restated a “buy” rating and issued a $26.00 price target on shares of WPX Energy in a research report on Thursday, August 30th. Goldman Sachs Group cut WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Friday, August 3rd. Cowen assumed coverage on WPX Energy in a research report on Thursday. They issued an “outperform” rating on the stock. Finally, ValuEngine cut WPX Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $23.04.
NYSE:WPX opened at $14.18 on Friday. The stock has a market capitalization of $5.55 billion, a P/E ratio of -33.76 and a beta of 2.34. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.57. WPX Energy Inc has a twelve month low of $11.91 and a twelve month high of $20.80.
WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $484.00 million during the quarter, compared to analyst estimates of $514.08 million. WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. The business’s quarterly revenue was up 233.8% compared to the same quarter last year. During the same period last year, the business earned ($0.10) earnings per share. Equities analysts predict that WPX Energy Inc will post 0.18 EPS for the current fiscal year.
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About WPX Energy
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's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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