Nuveen Asset Management LLC decreased its holdings in WPX Energy Inc (NYSE:WPX) by 33.0% in the fourth quarter, Holdings Channel reports. The fund owned 812,216 shares of the oil and gas producer’s stock after selling 399,205 shares during the period. Nuveen Asset Management LLC’s holdings in WPX Energy were worth $9,219,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. LSP Investment Advisors LLC acquired a new stake in WPX Energy in the 4th quarter valued at approximately $27,027,000. Squarepoint Ops LLC acquired a new stake in WPX Energy in the 4th quarter valued at approximately $3,616,000. D. E. Shaw & Co. Inc. increased its holdings in WPX Energy by 72.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 29,201 shares of the oil and gas producer’s stock valued at $331,000 after purchasing an additional 12,300 shares during the last quarter. Weiss Multi Strategy Advisers LLC increased its holdings in WPX Energy by 60.8% in the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 1,270,413 shares of the oil and gas producer’s stock valued at $14,419,000 after purchasing an additional 480,413 shares during the last quarter. Finally, Shapiro Capital Management LLC increased its holdings in WPX Energy by 25.0% in the 4th quarter. Shapiro Capital Management LLC now owns 7,470,354 shares of the oil and gas producer’s stock valued at $84,789,000 after purchasing an additional 1,493,346 shares during the last quarter. Institutional investors own 97.27% of the company’s stock.
Several research firms recently weighed in on WPX. Cowen began coverage on shares of WPX Energy in a report on Thursday, November 29th. They issued an “outperform” rating and a $19.00 target price for the company. Stephens began coverage on shares of WPX Energy in a report on Thursday, December 6th. They issued an “overweight” rating and a $22.00 target price for the company. JPMorgan Chase & Co. set a $18.00 target price on shares of WPX Energy and gave the company a “buy” rating in a report on Friday, December 7th. SunTrust Banks set a $25.00 target price on shares of WPX Energy and gave the company a “buy” rating in a report on Tuesday, November 27th. Finally, Williams Capital reissued a “buy” rating and issued a $21.00 price target on shares of WPX Energy in a research report on Thursday, February 21st. Four analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $20.85.
WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). The firm had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $550.84 million. WPX Energy had a return on equity of 1.09% and a net margin of 6.54%. WPX Energy’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same period last year, the firm posted ($0.02) earnings per share. As a group, sell-side analysts forecast that WPX Energy Inc will post 0.29 earnings per share for the current year.
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.
Further Reading: Liquidity
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).
Receive News & Ratings for WPX Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy and related companies with MarketBeat.com's FREE daily email newsletter.