Encompass Capital Advisors Has Increased By $31.01 Million Its Wpx Energy (WPX) Holding; Gener8 Maritime (GNRT) Sellers Decreased By 14.88% Their Shorts

October 11, 2017 - By Maria Brooks

Encompass Capital Advisors Llc increased Wpx Energy Inc (WPX) stake by 156.95% reported in 2017Q2 SEC filing. Encompass Capital Advisors Llc acquired 3.45M shares as Wpx Energy Inc (WPX)’s stock declined 6.43%. The Encompass Capital Advisors Llc holds 5.64M shares with $54.48 million value, up from 2.20M last quarter. Wpx Energy Inc now has $4.42 billion valuation. The stock declined 0.78% or $0.09 reaching $11.01 on the news. About 3.48M shares traded. WPX Energy Inc (NYSE:WPX) has risen 29.74% since October 11, 2016 and is uptrending. It has outperformed by 13.04% the S&P500.

Gener8 Maritime Incorporated (NYSE:GNRT) had a decrease of 14.88% in short interest. GNRT’s SI was 2.16 million shares in October as released by FINRA. Its down 14.88% from 2.54M shares previously. With 258,600 avg volume, 8 days are for Gener8 Maritime Incorporated (NYSE:GNRT)’s short sellers to cover GNRT’s short positions. The stock decreased 0.21% or $0.01 during the last trading session, reaching $4.68. About 121,570 shares traded. Gener8 Maritime Inc (NYSE:GNRT) has declined 26.90% since October 11, 2016 and is downtrending. It has underperformed by 43.60% the S&P500.

Among 3 analysts covering Gener8 Maritime (NYSE:GNRT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Gener8 Maritime had 8 analyst reports since September 14, 2015 according to SRatingsIntel. The stock of Gener8 Maritime Inc (NYSE:GNRT) has “Buy” rating given on Monday, September 18 by Jefferies. The firm has “Buy” rating given on Monday, August 7 by Jefferies. The rating was maintained by Jefferies on Wednesday, July 27 with “Buy”. The firm earned “Buy” rating on Monday, July 3 by Jefferies. On Tuesday, May 30 the stock rating was maintained by Jefferies with “Buy”. Morgan Stanley initiated Gener8 Maritime Inc (NYSE:GNRT) on Monday, September 14 with “Equal-Weight” rating. The rating was reinitiated by Seaport Global with “Buy” on Wednesday, May 4.

Gener8 Maritime, Inc. is a provider of international seaborne crude oil transportation services. The company has market cap of $388.39 million. The Firm operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. It currently has negative earnings. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers , 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding.

Investors sentiment decreased to 1.44 in Q2 2017. Its down 0.42, from 1.86 in 2017Q1. It worsened, as 41 investors sold WPX shares while 74 reduced holdings. 38 funds opened positions while 128 raised stakes. 379.18 million shares or 3.04% more from 367.99 million shares in 2017Q1 were reported. Moreover, Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma has 0% invested in WPX Energy Inc (NYSE:WPX) for 3,666 shares. Bluecrest Mgmt holds 0.09% of its portfolio in WPX Energy Inc (NYSE:WPX) for 250,347 shares. Financial Counselors Inc, a Missouri-based fund reported 12,111 shares. Moreover, Ingalls & Snyder Limited Liability Company has 0.08% invested in WPX Energy Inc (NYSE:WPX). Hap Trading Ltd Limited Liability Company owns 458,624 shares for 0.24% of their portfolio. 28,257 were reported by Us Financial Bank De. Dimensional Fund Advisors LP has invested 0.02% in WPX Energy Inc (NYSE:WPX). Winfield Assoc Incorporated stated it has 0% in WPX Energy Inc (NYSE:WPX). Arizona State Retirement System stated it has 0.02% in WPX Energy Inc (NYSE:WPX). Sg Americas Securities Limited Com holds 0.01% or 114,036 shares. First Interstate Bankshares has invested 0% in WPX Energy Inc (NYSE:WPX). Mariner Wealth Advsr Lc has 0.02% invested in WPX Energy Inc (NYSE:WPX). Ngam Advisors Limited Partnership accumulated 284,755 shares. Natl Bank Of Montreal Can stated it has 158,924 shares or 0% of all its holdings. Moreover, California State Teachers Retirement Systems has 0.02% invested in WPX Energy Inc (NYSE:WPX) for 729,734 shares.

Encompass Capital Advisors Llc decreased Oneok Inc New (NYSE:OKE) stake by 6,037 shares to 248,982 valued at $12.99M in 2017Q2. It also reduced Smart Sand Inc stake by 1.05 million shares and now owns 783,096 shares. Propetro Hldg Corp was reduced too.

Among 28 analysts covering WPX Energy (NYSE:WPX), 22 have Buy rating, 1 Sell and 5 Hold. Therefore 79% are positive. WPX Energy had 84 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, September 26, the company rating was maintained by Robert W. Baird. The company was maintained on Thursday, February 18 by Imperial Capital. Raymond James maintained WPX Energy Inc (NYSE:WPX) rating on Tuesday, September 29. Raymond James has “Outperform” rating and $13 target. CapitalOne downgraded WPX Energy Inc (NYSE:WPX) on Tuesday, January 19 to “Equal Weight” rating. The firm has “Buy” rating given on Thursday, March 23 by UBS. As per Thursday, September 1, the company rating was maintained by Barclays Capital. The company was maintained on Monday, May 16 by Citigroup. The firm has “Positive” rating by Susquehanna given on Friday, October 30. As per Thursday, October 5, the company rating was maintained by Stifel Nicolaus. The firm has “Equal Weight” rating by Barclays Capital given on Monday, October 17.

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By1 Maria Brooks




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