GeoSphere Capital Management LLC Trims Holdings in WPX Energy Inc (NYSE:WPX)

GeoSphere Capital Management LLC decreased its holdings in WPX Energy Inc (NYSE:WPX) by 90.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,385 shares of the oil and gas producer’s stock after selling 143,615 shares during the period. WPX Energy accounts for approximately 1.6% of GeoSphere Capital Management LLC’s holdings, making the stock its 17th biggest holding. GeoSphere Capital Management LLC’s holdings in WPX Energy were worth $277,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Point72 Asset Management L.P. lifted its stake in WPX Energy by 267.7% in the second quarter. Point72 Asset Management L.P. now owns 4,070,164 shares of the oil and gas producer’s stock worth $73,385,000 after purchasing an additional 2,963,264 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of WPX Energy during the first quarter valued at approximately $43,669,000. Van ECK Associates Corp raised its stake in shares of WPX Energy by 2,746.3% during the second quarter. Van ECK Associates Corp now owns 2,689,435 shares of the oil and gas producer’s stock valued at $48,491,000 after acquiring an additional 2,594,946 shares in the last quarter. Scout Investments Inc. bought a new stake in shares of WPX Energy during the second quarter valued at approximately $35,397,000. Finally, Carillon Tower Advisers Inc. bought a new stake in shares of WPX Energy during the second quarter valued at approximately $22,708,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on WPX shares. Zacks Investment Research lowered shares of WPX Energy from a “buy” rating to a “hold” rating in a report on Friday. TD Securities started coverage on shares of WPX Energy in a report on Thursday, July 5th. They set a “buy” rating and a $25.00 price objective on the stock. Raymond James raised shares of WPX Energy from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Monday, August 6th. Jefferies Financial Group started coverage on shares of WPX Energy in a report on Friday, September 28th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, KLR Group reaffirmed a “buy” rating and issued a $27.00 price target on shares of WPX Energy in a report on Monday, August 20th. Two equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $22.58.

Shares of WPX Energy stock opened at $19.95 on Tuesday. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of -47.50 and a beta of 2.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.58 and a quick ratio of 0.55. WPX Energy Inc has a fifty-two week low of $9.90 and a fifty-two week high of $20.80.

WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, August 1st. The oil and gas producer reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $432.92 million. WPX Energy had a negative net margin of 30.02% and a negative return on equity of 0.97%. The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, sell-side analysts predict that WPX Energy Inc will post 0.2 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's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.

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

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