California Public Employees Retirement System Boosts Stake in WPX Energy Inc (NYSE:WPX)

California Public Employees Retirement System raised its position in WPX Energy Inc (NYSE:WPX) by 14.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 781,025 shares of the oil and gas producer’s stock after purchasing an additional 98,293 shares during the period. California Public Employees Retirement System’s holdings in WPX Energy were worth $8,271,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WPX. Nuveen Asset Management LLC increased its stake in WPX Energy by 681.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,771,429 shares of the oil and gas producer’s stock valued at $77,939,000 after buying an additional 5,905,052 shares during the last quarter. Wells Fargo & Company MN increased its stake in WPX Energy by 32.3% in the 2nd quarter. Wells Fargo & Company MN now owns 8,119,992 shares of the oil and gas producer’s stock valued at $93,461,000 after buying an additional 1,980,581 shares during the last quarter. Balyasny Asset Management LLC increased its stake in shares of WPX Energy by 478.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,790,927 shares of the oil and gas producer’s stock worth $20,614,000 after purchasing an additional 1,481,155 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of WPX Energy by 28.2% during the 2nd quarter. Van ECK Associates Corp now owns 3,733,932 shares of the oil and gas producer’s stock worth $42,978,000 after purchasing an additional 821,183 shares during the last quarter. Finally, Cooperman Leon G increased its stake in shares of WPX Energy by 19.4% during the 2nd quarter. Cooperman Leon G now owns 4,692,500 shares of the oil and gas producer’s stock worth $54,011,000 after purchasing an additional 762,500 shares during the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Several equities research analysts have recently issued reports on WPX shares. JPMorgan Chase & Co. decreased their price target on shares of WPX Energy from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Imperial Capital raised their price target on shares of WPX Energy from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Citigroup decreased their price target on shares of WPX Energy from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Guggenheim set a $18.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, ValuEngine upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.69.

WPX opened at $10.29 on Thursday. The company has a 50 day moving average of $10.17 and a 200 day moving average of $10.87. The company has a market cap of $4.33 billion, a PE ratio of 114.33, a price-to-earnings-growth ratio of 1.13 and a beta of 2.15. WPX Energy Inc has a 12 month low of $8.79 and a 12 month high of $15.32. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.47.

WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $623.75 million. WPX Energy had a return on equity of 2.39% and a net margin of 25.50%. The firm’s quarterly revenue was up 64.3% on a year-over-year basis. During the same period last year, the business posted $0.07 earnings per share. Research analysts forecast that WPX Energy Inc will post 0.34 earnings per share 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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