Yaupon Capital Management LP Acquires New Stake in WPX Energy Inc (NYSE:WPX)

Yaupon Capital Management LP purchased a new position in shares of WPX Energy Inc (NYSE:WPX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 593,377 shares of the oil and gas producer’s stock, valued at approximately $6,735,000. WPX Energy comprises 4.5% of Yaupon Capital Management LP’s investment portfolio, making the stock its 8th biggest position. Yaupon Capital Management LP owned approximately 0.14% of WPX Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WPX. Highwater Wealth Management LLC bought a new stake in shares of WPX Energy during the 4th quarter worth $32,000. IFP Advisors Inc boosted its holdings in shares of WPX Energy by 309.0% during the 4th quarter. IFP Advisors Inc now owns 4,687 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 3,541 shares during the period. Berman Capital Advisors LLC bought a new stake in shares of WPX Energy during the 4th quarter worth $60,000. Hartford Financial Management Inc. boosted its holdings in shares of WPX Energy by 13.3% during the 4th quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock worth $77,000 after buying an additional 800 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in shares of WPX Energy by 75.8% during the 4th quarter. Penserra Capital Management LLC now owns 10,392 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 4,480 shares during the period. Institutional investors own 96.86% of the company’s stock.

WPX Energy stock traded up $0.19 during midday trading on Monday, hitting $14.50. 10,105,023 shares of the stock were exchanged, compared to its average volume of 7,505,349. WPX Energy Inc has a 52 week low of $9.89 and a 52 week high of $20.80. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 161.11, a PEG ratio of 1.53 and a beta of 2.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 0.97.

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 for the quarter, missing the consensus estimate of $0.05 by ($0.03). WPX Energy had a return on equity of 1.09% and a net margin of 6.54%. The firm had revenue of $554.00 million for the quarter, compared to the consensus estimate of $550.84 million. During the same period in the previous year, the business earned ($0.02) EPS. The firm’s revenue was up 55.6% compared to the same quarter last year. As a group, analysts predict that WPX Energy Inc will post 0.31 EPS for the current fiscal year.

WPX has been the subject of several recent analyst reports. KeyCorp assumed coverage on shares of WPX Energy in a report on Thursday, December 20th. They set an “overweight” rating and a $16.00 price objective for the company. Raymond James set a $21.00 price target on shares of WPX Energy and gave the company a “buy wpx” rating in a report on Monday, December 24th. B. Riley set a $13.00 price target on shares of WPX Energy and gave the company a “buy wpx” rating in a report on Monday, December 24th. ValuEngine raised shares of WPX Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Williams Capital assumed coverage on shares of WPX Energy in a report on Tuesday, January 8th. They set a “buy” rating and a $21.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $20.85.

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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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