WPX Energy Inc (WPX) Holding Grow by Meadow Creek Investment Management LLC

WPX Energy Inc (WPX) Holding Grow by Meadow Creek Investment Management LLC

Meadow Creek Investment Management LLC raised its position in shares of WPX Energy Inc (NYSE:WPX) by 32.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,816 shares of the oil and gas producer’s stock after buying an additional 2,640 shares during the period. Meadow Creek Investment Management LLC’s holdings in WPX Energy were worth $145,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Credit Agricole S A acquired a new position in shares of WPX Energy during the fourth quarter worth about $122,000. Numeric Investors LLC acquired a new position in shares of WPX Energy during the fourth quarter worth about $152,000. Amtrust Financial Services Inc. acquired a new position in shares of WPX Energy during the fourth quarter worth about $152,000. Cadence Capital Management LLC boosted its position in shares of WPX Energy by 2.9% in the fourth quarter. Cadence Capital Management LLC now owns 10,821 shares of the oil and gas producer’s stock worth $158,000 after buying an additional 308 shares during the period. Finally, Cigna Investments Inc. New acquired a new position in shares of WPX Energy during the fourth quarter worth about $174,000. 82.08% of the stock is owned by institutional investors.

WPX Energy Inc (WPX) traded down 2.35% during trading on Wednesday, reaching $10.82. The company had a trading volume of 11,734,184 shares. The firm’s market capitalization is $4.30 billion. The stock has a 50 day moving average price of $12.06 and a 200 day moving average price of $13.23. WPX Energy Inc has a 12 month low of $8.23 and a 12 month high of $16.17.

WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. WPX Energy had a negative return on equity of 7.94% and a negative net margin of 178.46%. The business had revenue of $461 million for the quarter, compared to the consensus estimate of $254.24 million. On average, equities research analysts predict that WPX Energy Inc will post ($0.55) earnings per share for the current year.

A number of analysts have weighed in on WPX shares. BMO Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of WPX Energy in a research note on Monday, May 15th. FBR & Co restated a “buy” rating and set a $19.00 price objective on shares of WPX Energy in a research note on Monday, April 17th. Stifel Nicolaus started coverage on shares of WPX Energy in a research note on Wednesday, April 12th. They set a “buy” rating and a $21.00 price objective for the company. Seaport Global Securities upgraded shares of WPX Energy from a “neutral” rating to a “buy” rating in a research note on Friday, March 31st. Finally, Scotiabank restated a “buy” rating and set a $20.00 price objective on shares of WPX Energy in a research note on Monday, March 27th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $16.10.

WPX Energy Company Profile

WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WPX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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