Oakbrook Investments LLC acquired a new position in shares of WPX Energy Inc (NYSE:WPX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,800 shares of the oil and gas producer’s stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WPX. Ontario Teachers Pension Plan Board purchased a new stake in WPX Energy during the 2nd quarter worth about $113,000. Commonwealth Equity Services Inc purchased a new stake in WPX Energy during the 3rd quarter worth about $137,000. CIBC Asset Management Inc purchased a new stake in WPX Energy during the 3rd quarter worth about $159,000. ZWJ Investment Counsel Inc. purchased a new stake in WPX Energy during the 3rd quarter worth about $171,000. Finally, M&T Bank Corp lifted its holdings in WPX Energy by 17.2% during the 2nd quarter. M&T Bank Corp now owns 22,451 shares of the oil and gas producer’s stock worth $217,000 after purchasing an additional 3,290 shares in the last quarter. 99.82% of the stock is currently owned by institutional investors and hedge funds.

WPX Energy Inc (NYSE:WPX) opened at $15.37 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $6,120.00, a PE ratio of -31.37, a PEG ratio of 9.45 and a beta of 2.46. WPX Energy Inc has a 1 year low of $8.39 and a 1 year high of $15.41.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $224.00 million for the quarter, compared to analyst estimates of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The company’s revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.17) EPS. sell-side analysts anticipate that WPX Energy Inc will post -0.46 earnings per share for the current fiscal year.

WPX has been the topic of several recent analyst reports. Bank of America raised their price target on WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Citigroup raised their price target on WPX Energy from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Barclays raised WPX Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $10.00 to $14.00 in a report on Tuesday, November 7th. SunTrust Banks set a $14.00 price target on WPX Energy and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $16.00 price target on shares of WPX Energy in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. WPX Energy currently has a consensus rating of “Buy” and an average price target of $16.55.

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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.

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

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