Fox Run Management L.L.C. acquired a new stake in shares of Newfield Exploration Company (NYSE:NFX) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 27,600 shares of the energy company’s stock, valued at approximately $819,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CIBC Asset Management Inc boosted its holdings in Newfield Exploration by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock valued at $505,000 after acquiring an additional 70 shares during the period. Utah Retirement Systems lifted its holdings in shares of Newfield Exploration by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 36,416 shares of the energy company’s stock worth $1,037,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Newfield Exploration by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock worth $353,000 after buying an additional 200 shares during the period. State Treasurer State of Michigan lifted its holdings in shares of Newfield Exploration by 0.3% in the 2nd quarter. State Treasurer State of Michigan now owns 65,512 shares of the energy company’s stock worth $1,864,000 after buying an additional 200 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Newfield Exploration by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 49,400 shares of the energy company’s stock worth $1,406,000 after buying an additional 200 shares during the period. Institutional investors own 98.76% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday. TheStreet upgraded Newfield Exploration from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $39.00 target price on shares of Newfield Exploration in a report on Tuesday. Barclays PLC upped their target price on Newfield Exploration from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Finally, Scotiabank reiterated a “buy” rating and issued a $38.00 target price on shares of Newfield Exploration in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company. Newfield Exploration currently has a consensus rating of “Buy” and a consensus target price of $38.87.
In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $30.02, for a total transaction of $105,070.00. Following the sale, the director now owns 39,034 shares in the company, valued at approximately $1,171,800.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.10, for a total value of $349,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,500 shares of company stock worth $1,148,830. Company insiders own 0.54% of the company’s stock.
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Newfield Exploration Company (NYSE NFX) traded up $0.32 during trading on Friday, reaching $33.31. The company’s stock had a trading volume of 2,648,900 shares, compared to its average volume of 2,993,722. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The stock has a market cap of $6,585.42, a P/E ratio of 16.41, a PEG ratio of 1.38 and a beta of 1.47. Newfield Exploration Company has a twelve month low of $24.41 and a twelve month high of $50.00.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. analysts expect that Newfield Exploration Company will post 2.06 EPS for the current fiscal year.
Newfield Exploration Company Profile
Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.
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