Voloridge Investment Management LLC Makes New Investment in WPX Energy Inc (NYSE:WPX)

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Voloridge Investment Management LLC purchased a new stake in WPX Energy Inc (NYSE:WPX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 320,565 shares of the oil and gas producer’s stock, valued at approximately $3,395,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nuveen Asset Management LLC increased its stake in shares of WPX Energy by 681.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,771,429 shares of the oil and gas producer’s stock worth $77,939,000 after purchasing an additional 5,905,052 shares in the last quarter. Wells Fargo & Company MN boosted its stake in WPX Energy by 32.3% in the 2nd quarter. Wells Fargo & Company MN now owns 8,119,992 shares of the oil and gas producer’s stock worth $93,461,000 after buying an additional 1,980,581 shares during the last quarter. Balyasny Asset Management LLC boosted its stake in WPX Energy by 478.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,790,927 shares of the oil and gas producer’s stock worth $20,614,000 after buying an additional 1,481,155 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in WPX Energy by 14.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,596,745 shares of the oil and gas producer’s stock valued at $91,039,000 after buying an additional 1,097,072 shares during the period. Finally, GW&K Investment Management LLC purchased a new stake in WPX Energy in the 3rd quarter valued at about $10,910,000. 98.27% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on the stock. Imperial Capital upped their price objective on shares of WPX Energy from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Guggenheim set a $18.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Cfra restated a “buy” rating and issued a $11.00 target price on shares of WPX Energy in a report on Wednesday, September 25th. Citigroup dropped their price target on shares of WPX Energy from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, ValuEngine raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. WPX Energy has an average rating of “Buy” and an average price target of $16.69.

WPX opened at $10.07 on Tuesday. WPX Energy Inc has a 1 year low of $8.79 and a 1 year high of $15.32. The firm has a 50 day moving average price of $10.08 and a 200 day moving average price of $10.57. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 0.88. The company has a market cap of $4.10 billion, a PE ratio of 111.89, a price-to-earnings-growth ratio of 1.02 and a beta of 2.21.

WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, October 30th. The oil and gas producer reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). WPX Energy had a return on equity of 2.39% and a net margin of 25.50%. The company had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $623.75 million. During the same period in the previous year, the company earned $0.07 EPS. WPX Energy’s quarterly revenue was up 64.3% on a year-over-year basis. On average, sell-side analysts predict that WPX Energy Inc will post 0.34 earnings per share for the current year.

WPX Energy Profile

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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.

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

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