Schwab Charles Investment Management Inc. Has $26.60 Million Holdings in WPX Energy Inc (WPX)

Schwab Charles Investment Management Inc. raised its stake in shares of WPX Energy Inc (NYSE:WPX) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,312,909 shares of the oil and gas producer’s stock after acquiring an additional 129,359 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.58% of WPX Energy worth $26,599,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Advisors Inc. OK increased its stake in shares of WPX Energy by 2.0% in the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 200 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of WPX Energy by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock valued at $628,000 after buying an additional 264 shares in the last quarter. Robotti Robert increased its stake in shares of WPX Energy by 0.9% in the second quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock valued at $499,000 after buying an additional 450 shares in the last quarter. World Asset Management Inc increased its stake in shares of WPX Energy by 2.8% in the second quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock valued at $243,000 after buying an additional 683 shares in the last quarter. Finally, Financial Counselors Inc. increased its stake in shares of WPX Energy by 9.0% in the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock valued at $117,000 after buying an additional 1,000 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

WPX has been the subject of a number of research reports. Stifel Nicolaus set a $19.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Thursday, October 26th. Citigroup upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, November 16th. BidaskClub upgraded WPX Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. J P Morgan Chase & Co restated an “overweight” rating and issued a $17.00 target price (up from $16.00) on shares of WPX Energy in a research note on Thursday, August 24th. Finally, SunTrust Banks set a $14.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.61.

In related news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $10.48, for a total value of $366,800.00. Following the completion of the sale, the insider now directly owns 506,326 shares in the company, valued at $5,306,296.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

Shares of WPX Energy Inc (WPX) traded down $0.35 during mid-day trading on Wednesday, reaching $12.31. The company had a trading volume of 5,692,772 shares, compared to its average volume of 7,335,990. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.95. WPX Energy Inc has a 1 year low of $8.39 and a 1 year high of $15.44.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $224.00 million during the quarter, compared to analyst estimates of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The company’s revenue was down 10.8% on a year-over-year basis. During the same period last year, the company earned ($0.17) earnings per share. equities analysts anticipate that WPX Energy Inc will post -0.46 earnings per share for the current fiscal year.

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WPX Energy 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.

Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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