Oppenheimer Asset Management Inc. lessened its position in shares of WPX Energy Inc (NYSE:WPX) by 13.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,438 shares of the oil and gas producer’s stock after selling 3,183 shares during the period. Oppenheimer Asset Management Inc.’s holdings in WPX Energy were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC increased its position in WPX Energy by 0.7% during the 2nd quarter. Jennison Associates LLC now owns 10,610,832 shares of the oil and gas producer’s stock worth $122,131,000 after purchasing an additional 70,810 shares in the last quarter. Teza Capital Management LLC acquired a new position in WPX Energy in the 2nd quarter valued at approximately $341,000. Schroder Investment Management Group increased its position in WPX Energy by 18.0% in the 2nd quarter. Schroder Investment Management Group now owns 890,779 shares of the oil and gas producer’s stock valued at $10,253,000 after acquiring an additional 136,095 shares during the period. Carillon Tower Advisers Inc. acquired a new position in WPX Energy in the 2nd quarter valued at approximately $2,974,000. Finally, Delta Investment Management LLC increased its position in WPX Energy by 60.0% in the 2nd quarter. Delta Investment Management LLC now owns 20,000 shares of the oil and gas producer’s stock valued at $230,000 after acquiring an additional 7,500 shares during the period. 97.80% of the stock is owned by institutional investors.

Shares of WPX traded up $0.01 during trading hours on Friday, hitting $10.84. 227,718 shares of the stock were exchanged, compared to its average volume of 7,038,545. WPX Energy Inc has a fifty-two week low of $8.79 and a fifty-two week high of $20.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.75 and a quick ratio of 0.71. The business has a 50-day moving average of $10.31 and a 200-day moving average of $11.71. The firm has a market capitalization of $4.66 billion, a P/E ratio of 121.00, a price-to-earnings-growth ratio of 1.03 and a beta of 2.13.

WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. WPX Energy had a net margin of 23.59% and a return on equity of 2.28%. The company had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same period in the prior year, the company posted $0.06 earnings per share. WPX Energy’s revenue for the quarter was up 61.6% compared to the same quarter last year. As a group, analysts forecast that WPX Energy Inc will post 0.38 earnings per share for the current fiscal year.

Several brokerages have issued reports on WPX. MKM Partners began coverage on shares of WPX Energy in a research report on Thursday, June 13th. They issued a “buy” rating and a $15.00 price target for the company. ValuEngine upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. Guggenheim set a $18.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. Cowen set a $14.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Barclays set a $14.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $18.25.

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.

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

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