Nisa Investment Advisors LLC lifted its position in shares of Newfield Exploration Co. (NYSE:NFX) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,200 shares of the energy company’s stock after purchasing an additional 6,000 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Newfield Exploration worth $3,916,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Newfield Exploration by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 23,677,528 shares of the energy company’s stock valued at $673,862,000 after buying an additional 760,793 shares during the last quarter. BlackRock Inc. grew its stake in Newfield Exploration by 0.4% in the 2nd quarter. BlackRock Inc. now owns 13,843,741 shares of the energy company’s stock valued at $393,993,000 after buying an additional 55,230 shares during the last quarter. State Street Corp grew its stake in Newfield Exploration by 5.6% in the 2nd quarter. State Street Corp now owns 12,109,780 shares of the energy company’s stock valued at $344,646,000 after buying an additional 638,807 shares during the last quarter. FMR LLC grew its stake in Newfield Exploration by 9.9% in the 2nd quarter. FMR LLC now owns 10,459,662 shares of the energy company’s stock valued at $297,683,000 after buying an additional 938,740 shares during the last quarter. Finally, Boston Partners grew its stake in Newfield Exploration by 0.9% in the 3rd quarter. Boston Partners now owns 5,627,037 shares of the energy company’s stock valued at $166,954,000 after buying an additional 51,835 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.
In other news, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.30, for a total transaction of $375,600.00. Following the completion of the sale, the insider now owns 243,322 shares of the company’s stock, valued at approximately $7,615,978.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction that occurred on 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 directly owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,500 shares of company stock valued at $1,243,150. 0.54% of the stock is currently owned by insiders.
Newfield Exploration Co. (NYSE:NFX) opened at $34.33 on Thursday. Newfield Exploration Co. has a 52-week low of $24.41 and a 52-week high of $43.74. 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 $6,807.00, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $419.75 million. During the same quarter in the prior year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. sell-side analysts expect that Newfield Exploration Co. will post 2.14 earnings per share for the current year.
A number of research analysts recently commented on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 price target on shares of Newfield Exploration in a research note on Tuesday, January 9th. BMO Capital Markets reiterated a “hold” rating and issued a $36.00 price target on shares of Newfield Exploration in a research note on Sunday. Zacks Investment Research upgraded shares of Newfield Exploration from a “hold” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research note on Monday. Bank of America upgraded shares of Newfield Exploration from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Thursday, January 4th. Finally, Royal Bank of Canada restated a “buy” rating and set a $39.00 target price on shares of Newfield Exploration in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $39.05.
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About Newfield Exploration
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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