Systematic Financial Management LP lessened its stake in shares of WPX Energy Inc (NYSE:WPX) by 39.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,501,376 shares of the oil and gas producer’s stock after selling 962,076 shares during the quarter. WPX Energy comprises 0.7% of Systematic Financial Management LP’s investment portfolio, making the stock its 20th biggest holding. Systematic Financial Management LP owned about 0.36% of WPX Energy worth $27,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in WPX. Westwood Holdings Group Inc. bought a new position in shares of WPX Energy during the 1st quarter worth about $43,669,000. Thrivent Financial for Lutherans boosted its position in shares of WPX Energy by 51.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 5,833,177 shares of the oil and gas producer’s stock worth $86,214,000 after purchasing an additional 1,982,615 shares in the last quarter. Scout Investments Inc. bought a new position in shares of WPX Energy during the 2nd quarter worth about $35,397,000. Caymus Capital Partners L.P. bought a new position in shares of WPX Energy during the 1st quarter worth about $28,007,000. Finally, PointState Capital LP bought a new position in shares of WPX Energy during the 1st quarter worth about $14,409,000. 94.59% of the stock is currently owned by institutional investors.

WPX opened at $17.41 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58. WPX Energy Inc has a fifty-two week low of $9.38 and a fifty-two week high of $19.78. The stock has a market capitalization of $7.70 billion, a P/E ratio of -41.45 and a beta of 2.30.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $430.00 million for the quarter, compared to analyst estimates of $432.92 million. During the same quarter in the prior year, the business posted $0.18 EPS. The firm’s revenue was up 22.9% compared to the same quarter last year. equities analysts forecast that WPX Energy Inc will post 0.21 EPS for the current fiscal year.

A number of research firms have recently issued reports on WPX. Goldman Sachs Group cut shares of WPX Energy from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research report on Friday, August 3rd. Bank of America increased their price objective on shares of WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Robert W. Baird reissued a “buy” rating and set a $25.00 price objective on shares of WPX Energy in a research report on Wednesday, August 1st. ValuEngine cut shares of WPX Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of WPX Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 23rd. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. WPX Energy has a consensus rating of “Buy” and a consensus target price of $21.74.

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.

See Also: Outstanding Shares

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

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