Finance

Should You Invest in WPX Energy, Inc. (WPX)? A Look at the Insider Trends

Recent insider trends for WPX Energy, Inc. (NYSE:WPX) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of WPX, the data has a lot to say about how the stock might perform going forward.

Institutions own 101.27% of WPX Energy, Inc. (WPX)’s shares. The total value of these holdings, in millions, is $5,326. Among active positions in the latest quarter, 181 holders increased their positions by a total of 42.12 million shares, 150 holders decreased the positions by a total of 42.49 million shares, and 66 holders held their positions. This works out to a net decrease in ownership of 371083 shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 58 holders initiated new positions by a total of 12.37 million shares and 45 holders exited their positions by a total of 12.07 million shares. This nets out to an increase of 307468 shares and is a bullish sign for WPX.

In the last three months, insiders executed a total of 2 trades. 2 were sells. Insider ownership decreased by a total of 16400 shares, which suggests that WPX’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 12 buys and 24 sells, and ownership increased by a net of 175679 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. WPX Energy, Inc. (NYSE:WPX)’s short interest is 25.68 million shares, or 6.51% of the float. This represents an increase of 15% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that WPX is a Weak sell, which implies that WPX is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that WPX Energy, Inc. (NYSE:WPX) is overvalued.

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