Delta Investment Management LLC purchased a new position in WPX Energy Inc (NYSE:WPX) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,500 shares of the oil and gas producer’s stock, valued at approximately $163,000.

A number of other large investors have also modified their holdings of the stock. Penn Capital Management Co. Inc. grew its stake in WPX Energy by 1.5% in the 1st quarter. Penn Capital Management Co. Inc. now owns 693,418 shares of the oil and gas producer’s stock valued at $10,860,000 after acquiring an additional 10,212 shares during the period. CIBC Asset Management Inc lifted its holdings in WPX Energy by 113.3% in the 1st quarter. CIBC Asset Management Inc now owns 70,812 shares of the oil and gas producer’s stock valued at $928,000 after purchasing an additional 37,621 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in WPX Energy by 24.4% in the 1st quarter. Victory Capital Management Inc. now owns 854,437 shares of the oil and gas producer’s stock valued at $11,202,000 after purchasing an additional 167,449 shares in the last quarter. Stevens Capital Management LP lifted its holdings in WPX Energy by 140.4% in the 1st quarter. Stevens Capital Management LP now owns 316,147 shares of the oil and gas producer’s stock valued at $4,145,000 after purchasing an additional 184,621 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in WPX Energy by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 268,360 shares of the oil and gas producer’s stock valued at $3,518,000 after purchasing an additional 9,828 shares in the last quarter. Institutional investors own 95.50% of the company’s stock.

A number of brokerages have weighed in on WPX. SunTrust Banks set a $21.00 price objective on WPX Energy and gave the company a “buy” rating in a report on Tuesday, April 23rd. KeyCorp lifted their price target on WPX Energy from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Piper Jaffray Companies set a $16.00 price target on WPX Energy and gave the stock a “buy” rating in a report on Friday, April 5th. Williams Capital reiterated a “buy” rating and set a $21.00 price target on shares of WPX Energy in a report on Thursday, February 21st. Finally, Northland Securities reiterated a “buy” rating and set a $20.00 price target on shares of WPX Energy in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $20.66.

WPX traded up $0.10 on Wednesday, hitting $12.86. The company had a trading volume of 95,681 shares, compared to its average volume of 7,383,364. The firm has a market cap of $5.15 billion, a P/E ratio of 142.61, a price-to-earnings-growth ratio of 0.77 and a beta of 2.31. WPX Energy Inc has a 1 year low of $9.89 and a 1 year high of $20.80. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.58.

WPX Energy (NYSE:WPX) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $359.00 million for the quarter, compared to analyst estimates of $547.79 million. WPX Energy had a net margin of 9.50% and a return on equity of 2.15%. WPX Energy’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. Equities research analysts forecast that WPX Energy Inc will post 0.43 earnings per share for the current year.

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

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