Fmr LLC Has $104.56 Million Stake in WPX Energy Inc (NYSE:WPX)

FMR LLC cut its holdings in shares of WPX Energy Inc (NYSE:WPX) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,975,250 shares of the oil and gas producer’s stock after selling 61,047 shares during the period. FMR LLC owned approximately 1.89% of WPX Energy worth $104,556,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WPX. Phocas Financial Corp. acquired a new stake in WPX Energy in the fourth quarter worth approximately $31,000. Paragon Capital Management LLC acquired a new stake in WPX Energy in the first quarter worth approximately $66,000. Berman Capital Advisors LLC acquired a new stake in WPX Energy in the fourth quarter worth approximately $60,000. Abacus Planning Group Inc. acquired a new stake in WPX Energy in the fourth quarter worth approximately $227,000. Finally, Quadrant Capital Group LLC lifted its position in WPX Energy by 166.0% in the first quarter. Quadrant Capital Group LLC now owns 7,820 shares of the oil and gas producer’s stock worth $98,000 after purchasing an additional 4,880 shares during the period. Institutional investors and hedge funds own 98.37% of the company’s stock.

NYSE:WPX traded up $0.30 during trading hours on Friday, hitting $10.28. 9,224,000 shares of the stock traded hands, compared to its average volume of 7,417,402. The business’s 50 day simple moving average is $10.95. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.58. WPX Energy Inc has a fifty-two week low of $9.82 and a fifty-two week high of $20.80. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 114.22, a price-to-earnings-growth ratio of 0.95 and a beta of 2.30.

WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. WPX Energy had a net margin of 9.50% and a return on equity of 2.15%. The company had revenue of $359.00 million for the quarter, compared to the consensus estimate of $547.79 million. During the same period in the previous year, the business earned ($0.06) EPS. The company’s revenue was down 4.0% on a year-over-year basis. Equities analysts anticipate that WPX Energy Inc will post 0.38 EPS for the current fiscal year.

WPX has been the subject of a number of research analyst reports. TheStreet upgraded Exantas Capital from a “d+” rating to a “c” rating in a research report on Thursday, May 2nd. Northland Securities set a $55.00 target price on Heron Therapeutics and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Piper Jaffray Companies set a $16.00 target price on WPX Energy and gave the stock a “buy” rating in a research report on Friday, April 5th. MKM Partners upped their target price on Lululemon Athletica from $189.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Finally, ValuEngine upgraded Yirendai from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $20.44.

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.

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

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