WPX Energy Inc (NYSE:WPX) Stake Boosted by Parkside Investments LLC

Parkside Investments LLC grew its stake in shares of WPX Energy Inc (NYSE:WPX) by 93.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,100 shares of the oil and gas producer’s stock after purchasing an additional 25,100 shares during the quarter. Parkside Investments LLC’s holdings in WPX Energy were worth $600,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in shares of WPX Energy by 166.0% during the first quarter. Quadrant Capital Group LLC now owns 7,820 shares of the oil and gas producer’s stock valued at $98,000 after purchasing an additional 4,880 shares during the last quarter. Capital Investment Advisors LLC acquired a new position in shares of WPX Energy during the second quarter worth approximately $116,000. Commonwealth Equity Services LLC acquired a new position in shares of WPX Energy during the second quarter worth approximately $123,000. Machina Capital S.A.S. acquired a new position in shares of WPX Energy during the second quarter worth approximately $128,000. Finally, Cleararc Capital Inc. acquired a new position in shares of WPX Energy during the first quarter worth approximately $133,000. 98.55% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Williams Capital reiterated a “buy” rating and set a $18.00 price objective on shares of WPX Energy in a research report on Tuesday, August 6th. Imperial Capital boosted their price objective on WPX Energy from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. SunTrust Banks set a $21.00 price objective on WPX Energy and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. ValuEngine downgraded WPX Energy from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, KeyCorp boosted their price objective on WPX Energy from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-three have given a buy rating to the company. WPX Energy presently has a consensus rating of “Buy” and a consensus target price of $19.52.



WPX traded up $0.29 during trading on Friday, reaching $10.29. The stock had a trading volume of 230,240 shares, compared to its average volume of 11,016,908. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 114.33, a price-to-earnings-growth ratio of 1.01 and a beta of 2.26. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.47. WPX Energy Inc has a 1-year low of $8.79 and a 1-year high of $20.80. The stock has a 50 day moving average of $10.46 and a two-hundred day moving average of $11.99.

WPX Energy (NYSE:WPX) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $695.00 million during the quarter, compared to the consensus estimate of $566.34 million. WPX Energy had a return on equity of 2.28% and a net margin of 23.59%. The firm’s revenue for the quarter was up 61.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, research analysts forecast that WPX Energy Inc will post 0.36 EPS for the current fiscal year.

WPX Energy 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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