Oppenheimer & Co. Inc. lessened its stake in shares of WPX Energy Inc (NYSE:WPX) by 36.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 563,544 shares of the oil and gas producer’s stock after selling 323,568 shares during the period. Oppenheimer & Co. Inc. owned 0.13% of WPX Energy worth $10,161,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WPX. Bayesian Capital Management LP acquired a new position in shares of WPX Energy during the 1st quarter worth about $171,000. SeaBridge Investment Advisors LLC acquired a new stake in WPX Energy in the 2nd quarter valued at about $177,000. Usca Ria LLC acquired a new stake in WPX Energy in the 2nd quarter valued at about $186,000. Cubist Systematic Strategies LLC raised its holdings in WPX Energy by 132.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 13,219 shares of the oil and gas producer’s stock valued at $195,000 after acquiring an additional 7,534 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in WPX Energy in the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 93.77% of the company’s stock.
Shares of NYSE:WPX opened at $19.01 on Monday. WPX Energy Inc has a 12 month low of $9.38 and a 12 month high of $19.78. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58. The firm has a market cap of $7.98 billion, a P/E ratio of -45.26 and a beta of 2.30.
A number of analysts have commented on the stock. Bank of America increased their price objective on shares of WPX Energy from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Robert W. Baird reiterated a “buy” rating and issued a $25.00 price objective on shares of WPX Energy in a report on Wednesday, August 1st. Goldman Sachs Group downgraded shares of WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a report on Friday, August 3rd. ValuEngine downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Zacks Investment Research downgraded shares of WPX Energy from a “buy” rating to a “hold” rating in a report on Monday, August 20th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. WPX Energy currently has a consensus rating of “Buy” and a consensus target price of $21.96.
WPX Energy 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's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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