Sapience Investments LLC trimmed its holdings in shares of WPX Energy Inc (NYSE:WPX) by 26.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 981,180 shares of the oil and gas producer’s stock after selling 347,550 shares during the quarter. WPX Energy makes up approximately 1.9% of Sapience Investments LLC’s investment portfolio, making the stock its 19th largest position. Sapience Investments LLC’s holdings in WPX Energy were worth $13,805,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Brandywine Global Investment Management LLC acquired a new position in shares of WPX Energy during the 4th quarter worth approximately $13,974,000. Fred Alger Management Inc. acquired a new position in WPX Energy in the 4th quarter valued at $455,000. Folger Hill Asset Management LP raised its stake in WPX Energy by 60.4% in the 4th quarter. Folger Hill Asset Management LP now owns 737,842 shares of the oil and gas producer’s stock valued at $10,381,000 after purchasing an additional 277,842 shares during the last quarter. Bamco Inc. NY raised its stake in WPX Energy by 20.7% in the 4th quarter. Bamco Inc. NY now owns 109,200 shares of the oil and gas producer’s stock valued at $1,536,000 after purchasing an additional 18,700 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in WPX Energy by 0.5% in the 4th quarter. Thrivent Financial For Lutherans now owns 3,850,562 shares of the oil and gas producer’s stock valued at $54,178,000 after purchasing an additional 17,269 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.
Shares of WPX Energy Inc (NYSE:WPX) opened at $14.47 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $5,762.02, a price-to-earnings ratio of -180.85 and a beta of 2.41. WPX Energy Inc has a twelve month low of $8.39 and a twelve month high of $16.09.
Several research analysts recently commented on the company. TheStreet raised WPX Energy from a “d+” rating to a “c-” rating in a research note on Thursday, March 1st. Bank of America increased their price objective on WPX Energy from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup set a $20.00 price objective on WPX Energy and gave the company a “buy” rating in a research note on Friday. Imperial Capital reissued an “outperform” rating and issued a $24.00 price objective (up from $20.00) on shares of WPX Energy in a research note on Friday, February 23rd. Finally, Northland Securities reissued a “buy” rating and issued a $20.00 price objective on shares of WPX Energy in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.12.
TRADEMARK VIOLATION NOTICE: This story was published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.themarketsdaily.com/2018/03/12/wpx-energy-inc-wpx-shares-sold-by-sapience-investments-llc.html.
About WPX Energy
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
Want to see what other hedge funds are holding WPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WPX Energy Inc (NYSE:WPX).
Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.