WPX Energy Inc (NASDAQ:WPXP) Announces Quarterly Dividend of $0.78

WPX Energy Inc (NASDAQ:WPXP) Announces Quarterly Dividend of $0.78

BlackRock Inc. increased its holdings in WPX Energy by 0.6% in the 2nd quarter. In the most recent quarterly financial report, for the quarter ending Sep. Oregon Public Employees Retirement Fund now owns 147,227 shares of the oil and gas producer's stock valued at $1,422,000 after purchasing an additional 10,806 shares during the last quarter. State Street Corp increased its holdings in shares of WPX Energy by 9.5% in the second quarter. The Average True Range, a measure of volatility is at 0.4, however its weekly and monthly volatility is 2.76%, 3.65% respectively. Finally, Shapiro Capital Management LLC increased its holdings in WPX Energy by 1.5% in the 2nd quarter.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 0 Percent. It also reduced its holding in Disney Walt (NYSE:DIS) by 22,055 shares in the quarter, leaving it with 70,028 shares, and cut its stake in Hormel Foods (NYSE:HRL). Marshall Wace North America L.P. bought a new position in WPX Energy during the 2nd quarter worth approximately $18,626,000. FMR LLC increased its holdings in WPX Energy by 22.1% in the 2nd quarter. Institutional investors own 97.64% of the company's stock. The stock rose 0.68% or $0.34 reaching $50.63 per share. Encompass Capital Advisors Llc bought 3.45M shares as the company's stock declined 6.43% while stock markets rallied. WPX Energy had 94 analyst reports since July 21, 2015 according to SRatingsIntel. Its beta value stands at 2.44.

For the current quarter, 23 analysts are projecting a mean EPS of $-0.08/share. The oil and gas producer reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02.

While having a peek at profitability ratios Wpx Energy Inc (NYSE:WPX) has trailing twelve month gross margin at 98.1%, its trailing twelve month operating margin stands at -5.6% whereas its trailing twelve month net profit margin spots at -13.8%. The business had revenue of $224.00 million for the quarter, compared to analysts' expectations of $334.38 million.

The EPS of WPX is strolling at -0.5, measuring its EPS growth this year at 42.7%.

Several analysts have recently weighed in on the stock. 0 analysts say it's a Hold while 1 analysts provided their expert opinion as Sell. BidaskClub downgraded shares of WPX Energy from a "hold" rating to a "sell" rating in a research report on Thursday, August 17th.

Peconic Partners Llc increased Wpx Energy Inc (WPX) stake by 22.7% reported in 2017Q2 SEC filing. J P Morgan Chase & Co restated an "overweight" rating and set a $17.00 price target (up previously from $16.00) on shares of WPX Energy in a report on Thursday, August 24th. Insiders contain to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eighteen have assigned a buy rating to the company.

Taking a broader look at the analyst consensus, according to 25 analysts Wpx Energy Inc (NYSE:WPX)'s price will reach at $16.37 during 52 weeks. "(WPX)" was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. Finally, SunTrust Banks, Inc. set a $14.00 price target on WPX Energy and gave the company a "buy" rating in a research note on Wednesday, November 1st. (WPX), there were 36 new positions totaling 11,394,654 shares of the company's stock. The stock was sold at an average price of $10.48, for a total transaction of $366,800.00. Following the completion of the transaction, the insider now directly owns 506,326 shares of the company's stock, valued at $5,306,296.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company's stock.

The Company is engaged in the exploitation and development of unconventional properties.

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