Advisory Research Inc. decreased its stake in shares of WPX Energy, Inc. (NYSE:WPX) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 3,450,889 shares of the company’s stock after selling 44,200 shares during the period. Advisory Research Inc. owned 1.00% of WPX Energy worth $50,279,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. Retirement Systems of Alabama boosted its position in shares of WPX Energy by 18.4% in the second quarter. Retirement Systems of Alabama now owns 357,602 shares of the company’s stock valued at $3,329,000 after buying an additional 55,661 shares during the period. Cypress Capital Management LLC WY bought a new position in shares of WPX Energy during the second quarter valued at $104,000. Henderson Group PLC acquired a new stake in shares of WPX Energy during the second quarter valued at about $3,879,000. TradeLink Capital LLC acquired a new stake in shares of WPX Energy during the second quarter valued at about $141,000. Finally, AGF Investments America Inc. acquired a new stake in shares of WPX Energy during the second quarter valued at about $410,000. Institutional investors and hedge funds own 82.08% of the company’s stock.
Shares of WPX Energy, Inc. (NYSE:WPX) traded up 1.01% during mid-day trading on Tuesday, hitting $14.03. The stock had a trading volume of 5,625,067 shares. WPX Energy, Inc. has a 12 month low of $3.51 and a 12 month high of $16.17. The stock’s 50-day moving average is $14.05 and its 200 day moving average is $12.90. The company’s market cap is $4.83 billion.
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Several equities research analysts have recently issued reports on WPX shares. Deutsche Bank AG raised WPX Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $15.00 to $17.00 in a research report on Monday, November 28th. BMO Capital Markets raised WPX Energy from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 31st. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, January 17th. Robert W. Baird raised their target price on WPX Energy from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, November 22nd. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and set a $15.00 target price on shares of WPX Energy in a research report on Friday, November 11th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.08.
In related news, Director William G. Lowrie purchased 5,000 shares of WPX Energy stock in a transaction on Thursday, January 12th. The stock was acquired at an average price of $13.35 per share, for a total transaction of $66,750.00. Following the completion of the transaction, the director now directly owns 242,076 shares in the company, valued at approximately $3,231,714.60. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard E. Muncrief purchased 20,000 shares of WPX Energy stock in a transaction on Thursday, January 12th. The stock was bought at an average price of $13.35 per share, with a total value of $267,000.00. Following the transaction, the insider now owns 732,481 shares of the company’s stock, valued at $9,778,621.35. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.
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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