Aegis Financial Corp buys $14.3 Million stake in WPX Energy Inc (WPX)

WPX Energy Inc (WPX) : Aegis Financial Corp scooped up 136,302 additional shares in WPX Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,565,703 shares of WPX Energy Inc which is valued at $14.3 Million.WPX Energy Inc makes up approximately 9.11% of Aegis Financial Corp’s portfolio.

Other Hedge Funds, Including , Schneider Capital Management Corp boosted its stake in WPX in the latest quarter, The investment management firm added 155,110 additional shares and now holds a total of 4,753,573 shares of WPX Energy Inc which is valued at $43.4 Million. WPX Energy Inc makes up approx 7.95% of Schneider Capital Management Corp’s portfolio. Valueworks sold out all of its stake in WPX during the most recent quarter. The investment firm sold 24,745 shares of WPX which is valued $225,674.Public Employees Retirement Association Of Colorado boosted its stake in WPX in the latest quarter, The investment management firm added 6,673 additional shares and now holds a total of 60,103 shares of WPX Energy Inc which is valued at $580,595.

WPX Energy Inc opened for trading at $9.99 and hit $10.45 on the upside on Wednesday, eventually ending the session at $10.3, with a gain of 4.46% or 0.44 points. The heightened volatility saw the trading volume jump to 1,30,96,827 shares. Company has a market cap of $2,849 M.

On the company’s financial health, WPX Energy Inc reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $-0.20. The company had revenue of $495.00 million for the quarter, compared to analysts expectations of $464.79 million. The company’s revenue was down -56.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on WPX Energy Inc. Company shares were Reiterated by Imperial Capital on May 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 11 from a previous price target of $8.75 .Company shares were Reiterated by Imperial Capital on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 11 from a previous price target of $8.75 .Company shares were Reiterated by Wunderlich on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .

WPX Energy Inc. is an independent natural gas and oil exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. Its areas of operations are the Piceance Basin in the Rocky Mountain region the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States. It holds over 196149 net acres in the Piceance Basin which is located in northwestern Colorado. It operates around 177 wells in the Williston Basin and also owns interest in 19 wells that are operated by others. It holds 85483 net acres in the Williston Basin. It holds approximately 134000 net acres in the San Juan Basin. It operates approximately 945 wells in the San Juan Basin and also owns interest in 2319 wells that are operated by other operators in New Mexico and Colorado. It is also focused on the Delaware Basin which covers an area of 92000 net acres and includes the Wolfcamp Bone Spring Avalon and Delaware Sands intervals.

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