November 10, 2019 at 6:32 pm

13,697 Shares in WPX Energy Inc (NYSE:WPX) Purchased by Wetherby Asset Management Inc.

by

Wetherby Asset Management Inc. purchased a new position in shares of WPX Energy Inc (NYSE:WPX) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 13,697 shares of the oil and gas producer’s stock, valued at approximately $145,000.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Other hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. purchased a new position in shares of WPX Energy during the 2nd quarter worth about $841,000. GSA Capital Partners LLP purchased a new position in shares of WPX Energy during the 2nd quarter worth about $681,000. Toronto Dominion Bank purchased a new position in shares of WPX Energy during the 2nd quarter worth about $794,000. Eqis Capital Management Inc. boosted its stake in shares of WPX Energy by 45.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 56,227 shares of the oil and gas producer’s stock worth $647,000 after purchasing an additional 17,596 shares during the period. Finally, Berman Capital Advisors LLC boosted its stake in shares of WPX Energy by 9.4% during the 2nd quarter. Berman Capital Advisors LLC now owns 15,776 shares of the oil and gas producer’s stock worth $176,000 after purchasing an additional 1,356 shares during the period. 97.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:WPX traded up $0.05 during trading hours on Friday, hitting $10.67. The company’s stock had a trading volume of 7,228,724 shares, compared to its average volume of 7,965,296. WPX Energy Inc has a 52 week low of $8.79 and a 52 week high of $15.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.88 and a quick ratio of 0.83. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 118.56, a P/E/G ratio of 1.15 and a beta of 2.15. The firm’s fifty day moving average price is $10.21 and its 200 day moving average price is $10.96.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). WPX Energy had a net margin of 25.50% and a return on equity of 2.39%. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $623.75 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 64.3% compared to the same quarter last year. On average, equities research analysts predict that WPX Energy Inc will post 0.34 earnings per share for the current fiscal year.

WPX has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of WPX Energy from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Cfra reissued a “buy” rating and issued a $11.00 price objective on shares of WPX Energy in a research report on Wednesday, September 25th. Piper Jaffray Companies set a $14.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lowered their price objective on shares of WPX Energy from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Finally, Cowen set a $14.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $16.69.

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.

Featured Article: What causes a stock to be most active?

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).

Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

Leave a Comment

Your email address will not be published. Required fields are marked *