Nelson Van Denburg & Campbell Wealth Management Group LLC trimmed its stake in WPX Energy Inc (NYSE:WPX) by 24.7% during the 1st quarter, HoldingsChannel reports. The fund owned 18,206 shares of the oil and gas producer’s stock after selling 5,978 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in WPX Energy were worth $237,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Phocas Financial Corp. purchased a new stake in shares of WPX Energy during the fourth quarter worth about $31,000. IFP Advisors Inc grew its position in shares of WPX Energy by 309.0% during the fourth quarter. IFP Advisors Inc now owns 4,687 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 3,541 shares in the last quarter. Berman Capital Advisors LLC purchased a new stake in shares of WPX Energy during the fourth quarter worth about $60,000. Paragon Capital Management LLC purchased a new stake in shares of WPX Energy during the first quarter worth about $66,000. Finally, Hartford Financial Management Inc. grew its position in shares of WPX Energy by 13.3% during the fourth quarter. Hartford Financial Management Inc. now owns 6,800 shares of the oil and gas producer’s stock worth $77,000 after purchasing an additional 800 shares in the last quarter. 95.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of WPX opened at $11.33 on Friday. WPX Energy Inc has a one year low of $9.89 and a one year high of $20.80. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 125.89, a PEG ratio of 0.77 and a beta of 2.31.
A number of equities analysts recently commented on the company. TheStreet raised WPX Energy from a “c” rating to a “b-” rating in a research note on Thursday, February 21st. Williams Capital reissued a “buy” rating and set a $21.00 price target on shares of WPX Energy in a research note on Thursday, February 21st. Barclays reissued a “buy” rating and set a $19.00 price target on shares of WPX Energy in a research note on Tuesday, February 5th. Jefferies Financial Group set a $23.00 price target on WPX Energy and gave the company a “buy” rating in a research note on Thursday, February 14th. Finally, Northland Securities reissued a “buy” rating and set a $20.00 price target on shares of WPX Energy in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $20.66.
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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