Amtrust Financial Services Inc. purchased a new stake in shares of WPX Energy, Inc. (NYSE:WPX) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 10,430 shares of the company’s stock, valued at approximately $152,000.
Other large investors have also modified their holdings of the company. FMR LLC increased its stake in WPX Energy by 67.9% in the fourth quarter. FMR LLC now owns 9,669,321 shares of the company’s stock worth $140,882,000 after buying an additional 3,910,691 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in WPX Energy during the third quarter worth about $48,991,000. First Trust Advisors LP boosted its position in WPX Energy by 195.5% in the third quarter. First Trust Advisors LP now owns 4,397,845 shares of the company’s stock worth $58,008,000 after buying an additional 2,909,558 shares during the period. BlackRock Fund Advisors boosted its position in WPX Energy by 27.8% in the third quarter. BlackRock Fund Advisors now owns 13,094,809 shares of the company’s stock worth $172,721,000 after buying an additional 2,847,588 shares during the period. Finally, Encompass Capital Advisors LLC purchased a new position in WPX Energy during the second quarter worth about $20,482,000. 82.08% of the stock is currently owned by institutional investors.
WPX Energy, Inc. (NYSE:WPX) traded up 1.01% during midday trading on Tuesday, reaching $14.03. 5,770,316 shares of the company’s stock were exchanged. WPX Energy, Inc. has a 12-month low of $3.51 and a 12-month high of $16.17. The firm has a 50-day moving average price of $14.06 and a 200 day moving average price of $12.88. The company’s market cap is $4.83 billion.
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A number of research firms have recently issued reports on WPX. BMO Capital Markets upgraded shares of WPX Energy from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 31st. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, January 17th. FBR & Co restated an “outperform” rating and issued a $19.00 price objective on shares of WPX Energy in a research report on Tuesday, January 17th. SunTrust Banks, Inc. set a $20.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research report on Monday, December 12th. Finally, Deutsche Bank AG upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $15.00 to $17.00 in a research report on Monday, November 28th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. WPX Energy currently has an average rating of “Buy” and a consensus price target of $14.08.
In other news, Director William G. Lowrie acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The stock was purchased at an average cost of $13.35 per share, for a total transaction of $66,750.00. Following the completion of the acquisition, the director now directly owns 242,076 shares of the company’s stock, valued at approximately $3,231,714.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard E. Muncrief acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The stock was purchased at an average price of $13.35 per share, with a total value of $267,000.00. Following the completion of the acquisition, the insider now directly owns 732,481 shares of the company’s stock, valued at $9,778,621.35. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.
WPX Energy Company Profile
WPX Energy, Inc is an independent oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of long-life unconventional properties. It is engaged in the domestic development, production and gas management activities of oil, natural gas and natural gas liquids (NGLs) segment.
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