Stifel Financial Corp Sells 10,662 Shares of WPX Energy Inc (WPX)

Stifel Financial Corp reduced its holdings in WPX Energy Inc (NYSE:WPX) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,723 shares of the oil and gas producer’s stock after selling 10,662 shares during the quarter. Stifel Financial Corp’s holdings in WPX Energy were worth $2,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new position in WPX Energy in the 4th quarter worth approximately $52,591,000. Vanguard Group Inc raised its position in WPX Energy by 5.3% in the 3rd quarter. Vanguard Group Inc now owns 36,939,299 shares of the oil and gas producer’s stock worth $743,219,000 after purchasing an additional 1,847,610 shares during the last quarter. AQR Capital Management LLC raised its position in WPX Energy by 618.1% in the 3rd quarter. AQR Capital Management LLC now owns 576,185 shares of the oil and gas producer’s stock worth $11,593,000 after purchasing an additional 495,947 shares during the last quarter. Highland Capital Management LP bought a new position in WPX Energy in the 3rd quarter worth approximately $2,213,000. Finally, PNC Financial Services Group Inc. raised its position in WPX Energy by 12.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 52,467 shares of the oil and gas producer’s stock worth $596,000 after purchasing an additional 5,725 shares during the last quarter. 96.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of WPX traded up $0.16 during trading hours on Friday, reaching $14.74. The stock had a trading volume of 7,063,880 shares, compared to its average volume of 8,190,445. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.58. WPX Energy Inc has a 52 week low of $9.89 and a 52 week high of $20.80. The stock has a market cap of $6.22 billion, a P/E ratio of 163.78, a P/E/G ratio of 1.55 and a beta of 2.31.

WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, February 20th. The oil and gas producer reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). WPX Energy had a net margin of 6.54% and a return on equity of 1.09%. The firm had revenue of $554.00 million during the quarter, compared to the consensus estimate of $550.84 million. During the same quarter in the prior year, the company earned ($0.02) EPS. WPX Energy’s quarterly revenue was up 55.6% on a year-over-year basis. On average, equities research analysts expect that WPX Energy Inc will post 0.34 earnings per share for the current fiscal year.

WPX has been the subject of several research analyst reports. Barclays set a $18.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research report on Thursday, February 28th. Raymond James set a $21.00 price objective on shares of WPX Energy and gave the stock a “buy wpx” rating in a research report on Monday, December 24th. B. Riley set a $13.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research report on Sunday, December 30th. Williams Capital initiated coverage on shares of WPX Energy in a research report on Tuesday, January 8th. They set a “buy” rating and a $21.00 target price for the company. Finally, Mizuho initiated coverage on shares of WPX Energy in a research report on Tuesday, January 29th. They set a “neutral” rating and a $14.00 target price for the company. Four investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $20.85.

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WPX Energy Company 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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