Natixis Advisors L.P. Cuts Stock Position in WPX Energy Inc (NYSE:WPX)
Natixis Advisors L.P. lessened its stake in shares of WPX Energy Inc (NYSE:WPX) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,088 shares of the oil and gas producer’s stock after selling 42,897 shares during the quarter. Natixis Advisors L.P. owned about 0.07% of WPX Energy worth $3,523,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of WPX Energy during the second quarter valued at $681,000. New York State Common Retirement Fund lifted its holdings in WPX Energy by 11.8% in the first quarter. New York State Common Retirement Fund now owns 1,692,424 shares of the oil and gas producer’s stock valued at $22,188,000 after buying an additional 178,083 shares during the period. Eqis Capital Management Inc. raised its holdings in shares of WPX Energy by 45.5% during the second quarter. Eqis Capital Management Inc. now owns 56,227 shares of the oil and gas producer’s stock valued at $647,000 after purchasing an additional 17,596 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of WPX Energy during the first quarter valued at about $613,000. Finally, Berman Capital Advisors LLC raised its holdings in shares of WPX Energy by 9.4% during the second quarter. Berman Capital Advisors LLC now owns 15,776 shares of the oil and gas producer’s stock valued at $176,000 after purchasing an additional 1,356 shares during the period. Institutional investors and hedge funds own 97.80% of the company’s stock.
Several equities analysts have recently weighed in on WPX shares. 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 report on Wednesday, August 7th. Williams Capital reiterated a “buy” rating and set a $18.00 price objective on shares of WPX Energy in a report on Tuesday, August 6th. Barclays set a $14.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a report on Friday, August 30th. ValuEngine upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a report on Friday, August 30th. Finally, Guggenheim set a $18.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. WPX Energy has an average rating of “Buy” and a consensus target price of $18.25.
WPX Energy (NYSE:WPX) last announced its earnings results on Monday, August 5th. The oil and gas producer reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $695.00 million for the quarter, compared to analyst estimates of $566.34 million. WPX Energy had a net margin of 23.59% and a return on equity of 2.28%. The company’s revenue for the quarter was up 61.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Research analysts predict that WPX Energy Inc will post 0.38 earnings per share for the current fiscal 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.
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