Aegis Financial Corp Lowers stake in WPX Energy Inc (WPX)

WPX Energy Inc (WPX) : Aegis Financial Corp reduced its stake in WPX Energy Inc by 36.68% during the most recent quarter end. The investment management company now holds a total of 991,371 shares of WPX Energy Inc which is valued at $10,875,340 after selling 574,332 shares in WPX Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.WPX Energy Inc makes up approximately 9.79% of Aegis Financial Corp’s portfolio.

Other Hedge Funds, Including , Invictus Rg Pte. Ltd. sold out all of its stake in WPX during the most recent quarter. The investment firm sold 17,644 shares of WPX which is valued $193,555.Ingalls Snyder reduced its stake in WPX by selling 24,512 shares or 6.54% in the most recent quarter. The Hedge Fund company now holds 350,515 shares of WPX which is valued at $3,845,150. WPX Energy Inc makes up approx 0.22% of Ingalls Snyder’s portfolio. Gsa Capital Partners Llp added WPX to its portfolio by purchasing 19,575 company shares during the most recent quarter which is valued at $195,554. WPX Energy Inc makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio.

WPX Energy Inc opened for trading at $11.88 and hit $12.405 on the upside on Thursday, eventually ending the session at $12.27, with a gain of 2.25% or 0.27 points. The heightened volatility saw the trading volume jump to 1,33,96,645 shares. Company has a market cap of $4,225 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 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 was Upgraded by Goldman to ” Buy” on Jul 6, 2016. Company shares were Reiterated by Imperial Capital on Jun 23, 2016 to “Outperform”, 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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