Magnus Financial Group LLC Buys New Position in WPX Energy Inc (WPX)

Magnus Financial Group LLC purchased a new stake in shares of WPX Energy Inc (NYSE:WPX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,929 shares of the oil and gas producer’s stock, valued at approximately $147,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hartford Financial Management Inc. boosted 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 valued at $77,000 after purchasing an additional 800 shares in the last quarter. AGF Investments America Inc. boosted its position in shares of WPX Energy by 2.5% during the fourth quarter. AGF Investments America Inc. now owns 53,309 shares of the oil and gas producer’s stock valued at $605,000 after purchasing an additional 1,289 shares in the last quarter. Strs Ohio boosted its position in shares of WPX Energy by 9.2% during the fourth quarter. Strs Ohio now owns 17,786 shares of the oil and gas producer’s stock valued at $201,000 after purchasing an additional 1,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of WPX Energy by 5.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,346 shares of the oil and gas producer’s stock valued at $310,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Highwater Wealth Management LLC bought a new stake in shares of WPX Energy during the fourth quarter valued at approximately $32,000. Institutional investors own 96.88% of the company’s stock.

WPX stock opened at $12.44 on Friday. WPX Energy Inc has a 1-year low of $9.89 and a 1-year high of $20.80. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 0.97. The firm has a market capitalization of $5.19 billion, a PE ratio of 138.22 and a beta of 2.30.

WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, February 20th. The oil and gas producer reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $550.84 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The firm’s revenue for the quarter was up 55.6% compared to the same quarter last year. As a group, research analysts anticipate that WPX Energy Inc will post 0.28 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the company. Mizuho restated a “hold” rating and set a $14.00 price target on shares of WPX Energy in a research report on Thursday, February 21st. Zacks Investment Research restated a “buy” rating and set a $17.00 price target on shares of WPX Energy in a research report on Saturday, November 17th. Raymond James set a $21.00 price target on WPX Energy and gave the company a “buy wpx” rating in a research report on Monday, December 24th. JPMorgan Chase & Co. set a $18.00 price target on WPX Energy and gave the company a “buy” rating in a research report on Friday, December 7th. Finally, ValuEngine upgraded WPX Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Four analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. WPX Energy currently has an average rating of “Buy” and an average price target of $20.93.

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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 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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