ARP Americas LP Has $283,000 Position in WPX Energy Inc (NYSE:WPX)

ARP Americas LP lowered its position in WPX Energy Inc (NYSE:WPX) by 72.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,279 shares of the oil and gas producer’s stock after selling 115,050 shares during the period. ARP Americas LP’s holdings in WPX Energy were worth $283,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WPX. State Street Corp grew its holdings in WPX Energy by 19.8% during the first quarter. State Street Corp now owns 18,133,398 shares of the oil and gas producer’s stock valued at $55,307,000 after purchasing an additional 2,997,074 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in WPX Energy by 27.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 15,020,790 shares of the oil and gas producer’s stock valued at $45,813,000 after purchasing an additional 3,245,058 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in WPX Energy by 0.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,528,399 shares of the oil and gas producer’s stock valued at $32,111,000 after purchasing an additional 30,493 shares during the last quarter. AQR Capital Management LLC grew its holdings in WPX Energy by 39,967.6% during the first quarter. AQR Capital Management LLC now owns 9,063,292 shares of the oil and gas producer’s stock valued at $27,643,000 after purchasing an additional 9,040,672 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in WPX Energy by 27.8% during the fourth quarter. Macquarie Group Ltd. now owns 6,621,208 shares of the oil and gas producer’s stock valued at $90,975,000 after purchasing an additional 1,438,324 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

WPX has been the topic of several analyst reports. Seaport Global Securities initiated coverage on WPX Energy in a report on Monday, July 27th. They set a “neutral” rating on the stock. Goldman Sachs Group raised WPX Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $5.25 to $6.75 in a research report on Monday, April 27th. Imperial Capital increased their price objective on WPX Energy from $8.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, June 12th. Stifel Nicolaus increased their price objective on WPX Energy from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Mizuho increased their price objective on WPX Energy from $6.00 to $9.00 in a research report on Friday, June 19th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.10.

WPX stock traded down $0.04 during midday trading on Friday, hitting $5.97. The stock had a trading volume of 9,656,942 shares, compared to its average volume of 10,080,837. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.36 and a beta of 3.60. WPX Energy Inc has a 52 week low of $1.94 and a 52 week high of $14.43. The stock has a 50-day simple moving average of $6.09 and a 200 day simple moving average of $7.06. The company has a current ratio of 1.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.63.

WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.10. The company had revenue of $33.00 million during the quarter, compared to analysts’ expectations of $593.36 million. WPX Energy had a positive return on equity of 3.77% and a negative net margin of 29.90%. The business’s revenue was down 95.3% on a year-over-year basis. During the same period last year, the business earned $0.09 earnings per share. On average, equities analysts forecast that WPX Energy Inc will post 0.22 EPS for the current year.

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 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.

Further Reading: Stock Symbols and CUSIP Explained

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

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