Rothschild & Co. Asset Management US Inc. increased its position in WPX Energy Inc (NYSE:WPX) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,925,890 shares of the oil and gas producer’s stock after purchasing an additional 64,621 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in WPX Energy were worth $25,248,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in WPX. Massachusetts Financial Services Co. MA acquired a new stake in WPX Energy in the fourth quarter worth about $52,591,000. Norges Bank acquired a new stake in WPX Energy in the fourth quarter worth about $32,726,000. Diamond Hill Capital Management Inc. acquired a new stake in WPX Energy in the fourth quarter worth about $29,767,000. LSP Investment Advisors LLC acquired a new stake in WPX Energy in the fourth quarter worth about $27,027,000. Finally, Perella Weinberg Partners Capital Management LP increased its position in WPX Energy by 98.3% in the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 4,077,125 shares of the oil and gas producer’s stock worth $64,308,000 after purchasing an additional 2,020,989 shares during the period. Hedge funds and other institutional investors own 95.29% of the company’s stock.
Shares of NYSE:WPX traded down $0.24 during trading on Friday, hitting $11.09. 180,285 shares of the company’s stock traded hands, compared to its average volume of 7,313,518. WPX Energy Inc has a 52 week low of $9.89 and a 52 week high of $20.80. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a market capitalization of $5.36 billion, a PE ratio of 123.78, a price-to-earnings-growth ratio of 0.77 and a beta of 2.31.
WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. WPX Energy had a return on equity of 2.15% and a net margin of 9.50%. The business had revenue of $359.00 million for the quarter, compared to analysts’ expectations of $547.79 million. During the same quarter in the previous year, the business posted ($0.06) EPS. WPX Energy’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, research analysts expect that WPX Energy Inc will post 0.44 earnings per share for the current year.
WPX has been the subject of a number of research reports. TheStreet upgraded WPX Energy from a “c” rating to a “b-” rating in a research report on Thursday, February 21st. Williams Capital restated a “buy” rating and set a $21.00 target price on shares of WPX Energy in a report on Thursday, February 21st. Barclays restated a “buy” rating and set a $19.00 target price on shares of WPX Energy in a report on Tuesday, February 5th. Jefferies Financial Group set a $23.00 target price on WPX Energy and gave the stock a “buy” rating in a report on Thursday, February 14th. Finally, Northland Securities restated a “buy” rating and set a $20.00 target price on shares of WPX Energy in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $20.66.
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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 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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