Vollero Beach Capital Partners adds WPX Energy Inc (WPX) to its portfolio

WPX Energy Inc (WPX) : Vollero Beach Capital Partners added new position in WPX Energy Inc during the most recent quarter end. The investment management firm now holds 726,952 shares of WPX Energy Inc which is valued at $8,803,389 , the company said in a statement filed on Nov 14, 2016 with the SEC.WPX Energy Inc makes up approximately 3.49% of Vollero Beach Capital Partners’s portfolio.

Other Hedge Funds, Including , Everpoint Asset Management sold out all of its stake in WPX during the most recent quarter. The investment firm sold 225,000 shares of WPX which is valued $2,724,750. Finemark National Bank Trust added WPX to its portfolio by purchasing 2,587 company shares during the most recent quarter which is valued at $31,458. Pitcairn Co added WPX to its portfolio by purchasing 17,749 company shares during the most recent quarter which is valued at $213,520. WPX Energy Inc makes up approx 0.03% of Pitcairn Co’s portfolio. Hap Trading added WPX to its portfolio by purchasing 27,025 company shares during the most recent quarter which is valued at $325,111. WPX Energy Inc makes up approx 0.02% of Hap Trading’s portfolio.Capital Investment Advisors reduced its stake in WPX by selling 366 shares or 2.97% in the most recent quarter. The Hedge Fund company now holds 11,953 shares of WPX which is valued at $148,456. WPX Energy Inc makes up approx 0.01% of Capital Investment Advisors’s portfolio.

WPX Energy Inc closed down -0.02 points or -0.16% at $12.65 with 57,63,032 shares getting traded on Monday. Post opening the session at $12.84, the shares hit an intraday low of $12.53 and an intraday high of $12.92 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, WPX Energy Inc reported $-0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $-0.18. The company had revenue of $251.00 million for the quarter, compared to analysts expectations of $265.86 million. The company’s revenue was down -38.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.04 EPS.

Many Wall Street Analysts have commented on WPX Energy Inc. Company shares were Upgraded by Barclays on Oct 17, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 13 from a previous price target of $9 .FBR & Co. Initiated WPX Energy Inc on Oct 11, 2016 to “Outperform”, Price Target of the shares are set at $16.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 .

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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