First Mercantile Trust Co buys $811,536 stake in WPX Energy Inc (WPX)

WPX Energy Inc (WPX) : First Mercantile Trust Co scooped up 16,715 additional shares in WPX Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 63,800 shares of WPX Energy Inc which is valued at $811,536.WPX Energy Inc makes up approximately 0.11% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading reduced its stake in WPX by selling 3,371 shares or 9.06% in the most recent quarter. The Hedge Fund company now holds 33,822 shares of WPX which is valued at $430,216. WPX Energy Inc makes up approx 0.06% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in WPX by selling 66,556 shares or 33.89% in the most recent quarter. The Hedge Fund company now holds 129,842 shares of WPX which is valued at $1,751,569. WPX Energy Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management boosted its stake in WPX in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 21,302 shares of WPX Energy Inc which is valued at $287,364. WPX Energy Inc makes up approx 0.02% of Eqis Capital Management’s portfolio.

WPX Energy Inc closed down -0.61 points or -4.58% at $12.72 with 82,70,228 shares getting traded on Friday. Post opening the session at $13.49, the shares hit an intraday low of $12.695 and an intraday high of $13.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Wunderlich on Oct 3, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $14 .Company shares were Upgraded by Robert W. Baird on Jul 21, 2016 to ” Outperform”, Firm has raised the Price Target to $ 12 from a previous price target of $8 .

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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