Harbor Advisors LLC bought a new position in WPX Energy Inc (NYSE:WPX) during the first quarter, Holdings Channel reports. The fund bought 20,000 shares of the oil and gas producer’s stock, valued at approximately $268,000.
A number of other hedge funds also recently added to or reduced their stakes in WPX. Russell Investments Group Ltd. bought a new stake in WPX Energy during the fourth quarter worth approximately $4,306,000. Cadence Capital Management LLC boosted its stake in WPX Energy by 2.9% in the fourth quarter. Cadence Capital Management LLC now owns 10,821 shares of the oil and gas producer’s stock worth $158,000 after buying an additional 308 shares during the period. Pitcairn Co. boosted its stake in WPX Energy by 4.4% in the fourth quarter. Pitcairn Co. now owns 18,537 shares of the oil and gas producer’s stock worth $270,000 after buying an additional 788 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in WPX Energy during the fourth quarter worth approximately $519,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in WPX Energy by 2.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 379,427 shares of the oil and gas producer’s stock worth $5,528,000 after buying an additional 9,038 shares during the period. Institutional investors own 95.05% of the company’s stock.
WPX Energy Inc (NYSE WPX) traded down 1.19% during trading on Friday, hitting $9.15. 17,319,950 shares of the company traded hands. The company’s 50-day moving average is $11.42 and its 200 day moving average is $13.02. WPX Energy Inc has a 52-week low of $8.23 and a 52-week high of $16.17. The firm’s market cap is $3.64 billion.
WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. WPX Energy had a return on equity of 9.99% and a net margin of 20.39%. The company had revenue of $461 million during the quarter, compared to the consensus estimate of $254.24 million. On average, equities analysts anticipate that WPX Energy Inc will post ($0.54) earnings per share for the current year.
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A number of analysts recently commented on WPX shares. FBR & Co reiterated a “buy” rating on shares of WPX Energy in a research note on Wednesday, February 22nd. Scotiabank reiterated a “buy” rating and issued a $23.00 target price on shares of WPX Energy in a research note on Thursday, February 23rd. Zacks Investment Research cut shares of WPX Energy from a “buy” rating to a “hold” rating in a research note on Monday, February 27th. Seaport Global Securities upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating in a research note on Friday, March 31st. Finally, Stifel Nicolaus started coverage on shares of WPX Energy in a research note on Wednesday, April 12th. They issued a “buy” rating and a $21.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $16.57.
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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