WPX Energy Inc (WPX) Position Raised by Shapiro Capital Management LLC
Shapiro Capital Management LLC boosted its position in shares of WPX Energy Inc (NYSE:WPX) by 25.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,470,354 shares of the oil and gas producer’s stock after buying an additional 1,493,346 shares during the quarter. WPX Energy makes up about 2.3% of Shapiro Capital Management LLC’s holdings, making the stock its 21st biggest holding. Shapiro Capital Management LLC’s holdings in WPX Energy were worth $84,789,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of WPX. Massachusetts Financial Services Co. MA bought a new stake in WPX Energy during the 4th quarter valued at $52,591,000. Third Point LLC bought a new stake in WPX Energy during the 3rd quarter valued at $63,094,000. Diamond Hill Capital Management Inc. bought a new stake in WPX Energy during the 4th quarter valued at $29,767,000. Perella Weinberg Partners Capital Management LP raised its holdings in WPX Energy by 98.3% during the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 4,077,125 shares of the oil and gas producer’s stock valued at $64,308,000 after buying an additional 2,020,989 shares during the last quarter. Finally, Vanguard Group Inc increased its position in WPX Energy by 5.3% during the 3rd quarter. Vanguard Group Inc now owns 36,939,299 shares of the oil and gas producer’s stock valued at $743,219,000 after purchasing an additional 1,847,610 shares during the period. Institutional investors own 96.88% of the company’s stock.
WPX has been the topic of a number of research analyst reports. Zacks Investment Research reissued a “buy” rating and set a $17.00 price objective on shares of WPX Energy in a research report on Saturday, November 17th. Guggenheim reissued a “buy” rating and set a $21.00 price objective on shares of WPX Energy in a research report on Monday, November 19th. SunTrust Banks set a $25.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Tuesday, November 27th. Cowen initiated coverage on shares of WPX Energy in a research report on Thursday, November 29th. They set an “outperform” rating and a $19.00 price objective on the stock. Finally, Stephens initiated coverage on shares of WPX Energy in a research report on Thursday, December 6th. They set an “overweight” rating and a $22.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. WPX Energy currently has an average rating of “Buy” and a consensus target price of $20.93.
WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The business had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $550.84 million. WPX Energy had a return on equity of 1.09% and a net margin of 6.54%. The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share. On average, analysts forecast that WPX Energy Inc will post 0.28 EPS for the current fiscal year.
WPX Energy Company 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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