WPX Energy Inc (WPX) Shares Bought by Fmr LLC

Fmr LLC grew its position in shares of WPX Energy Inc (NYSE:WPX) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,621,856 shares of the oil and gas producer’s stock after buying an additional 316,801 shares during the quarter. Fmr LLC owned approximately 2.05% of WPX Energy worth $173,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of WPX Energy by 1.2% during the third quarter. BlackRock Inc. now owns 34,053,879 shares of the oil and gas producer’s stock valued at $685,165,000 after purchasing an additional 391,742 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of WPX Energy by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,606,150 shares of the oil and gas producer’s stock valued at $119,115,000 after purchasing an additional 98,950 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of WPX Energy by 30.0% during the third quarter. Wells Fargo & Company MN now owns 5,470,953 shares of the oil and gas producer’s stock valued at $110,076,000 after purchasing an additional 1,262,875 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of WPX Energy by 267.7% during the second quarter. Point72 Asset Management L.P. now owns 4,070,164 shares of the oil and gas producer’s stock valued at $73,385,000 after purchasing an additional 2,963,264 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of WPX Energy by 2,746.3% during the second quarter. Van ECK Associates Corp now owns 2,689,435 shares of the oil and gas producer’s stock valued at $48,491,000 after purchasing an additional 2,594,946 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE WPX opened at $13.20 on Friday. WPX Energy Inc has a fifty-two week low of $12.29 and a fifty-two week high of $20.80. The company has a market capitalization of $5.86 billion, a P/E ratio of -31.43 and a beta of 2.40. 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 (NYSE:WPX) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. The business had revenue of $484.00 million during the quarter, compared to analyst estimates of $514.08 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The company’s quarterly revenue was up 233.8% on a year-over-year basis. Research analysts predict that WPX Energy Inc will post 0.17 EPS for the current fiscal year.

Several analysts have recently commented on WPX shares. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, October 3rd. Wells Fargo & Co started coverage on shares of WPX Energy in a research note on Tuesday, October 23rd. They set an “outperform” rating and a $27.00 price target on the stock. BMO Capital Markets reissued a “buy” rating and set a $25.00 price target on shares of WPX Energy in a research note on Thursday, October 11th. Jefferies Financial Group started coverage on shares of WPX Energy in a research note on Friday, September 28th. They set a “buy” rating and a $28.00 price target on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and set a $26.00 price target on shares of WPX Energy in a research note on Thursday, August 30th. Two equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.75.

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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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Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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