Empowered Funds LLC Buys Shares of 89,884 WPX Energy Inc (WPX)

Empowered Funds LLC acquired a new position in shares of WPX Energy Inc (NYSE:WPX) in the third quarter, HoldingsChannel reports. The firm acquired 89,884 shares of the oil and gas producer’s stock, valued at approximately $1,766,000.

Several other institutional investors have also bought and sold shares of the company. Seven Eight Capital LP acquired a new position in shares of WPX Energy during the 3rd quarter worth about $2,043,000. Oakbrook Investments LLC acquired a new position in shares of WPX Energy during the 3rd quarter worth about $1,004,000. Aperio Group LLC boosted its stake in shares of WPX Energy by 10.6% during the 3rd quarter. Aperio Group LLC now owns 102,330 shares of the oil and gas producer’s stock worth $2,059,000 after buying an additional 9,845 shares during the last quarter. Selz Capital LLC acquired a new position in shares of WPX Energy during the 3rd quarter worth about $28,079,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of WPX Energy by 10.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 31,760 shares of the oil and gas producer’s stock worth $639,000 after buying an additional 3,060 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

A number of research firms have recently commented on WPX. Seaport Global Securities set a $28.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, October 3rd. Jefferies Financial Group began coverage on shares of WPX Energy in a research note on Friday, September 28th. They set a “buy” rating and a $28.00 price objective for the company. Scotiabank restated a “buy” rating and set a $26.00 price objective on shares of WPX Energy in a research note on Thursday, September 27th. Finally, 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 research note on Friday, August 3rd. Two analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $22.88.

Shares of NYSE:WPX opened at $18.25 on Friday. WPX Energy Inc has a 52-week low of $9.90 and a 52-week high of $20.80. The stock has a market capitalization of $8.45 billion, a P/E ratio of -43.45 and a beta of 2.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.58 and a quick ratio of 0.55.

WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. WPX Energy had a negative net margin of 30.02% and a negative return on equity of 0.97%. The business had revenue of $430.00 million during the quarter, compared to the consensus estimate of $432.92 million. During the same period last year, the business posted $0.18 EPS. WPX Energy’s revenue was up 22.9% on a year-over-year basis. On average, sell-side analysts expect that WPX Energy Inc will post 0.2 EPS for the current 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'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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Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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