Cerebellum GP LLC bought a new position in shares of Newfield Exploration Co. (NYSE:NFX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 54,146 shares of the energy company’s stock, valued at approximately $1,707,000. Newfield Exploration accounts for approximately 1.2% of Cerebellum GP LLC’s portfolio, making the stock its 24th largest holding.
A number of other institutional investors also recently bought and sold shares of the stock. Hennessy Advisors Inc. acquired a new stake in Newfield Exploration during the fourth quarter worth about $406,000. CENTRAL TRUST Co boosted its position in Newfield Exploration by 51.2% during the fourth quarter. CENTRAL TRUST Co now owns 9,171 shares of the energy company’s stock worth $289,000 after purchasing an additional 3,104 shares in the last quarter. Reinhart Partners Inc. boosted its position in Newfield Exploration by 1.8% during the fourth quarter. Reinhart Partners Inc. now owns 759,808 shares of the energy company’s stock worth $23,957,000 after purchasing an additional 13,195 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Newfield Exploration by 51.6% during the fourth quarter. State of Alaska Department of Revenue now owns 36,770 shares of the energy company’s stock worth $1,159,000 after purchasing an additional 12,510 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Newfield Exploration by 1.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,092,553 shares of the energy company’s stock worth $34,449,000 after purchasing an additional 17,026 shares in the last quarter. 99.68% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total transaction of $382,080.00. Following the transaction, the chief executive officer now owns 223,235 shares in the company, valued at $7,107,802.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Juanita F. Romans sold 3,500 shares of Newfield Exploration stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the transaction, the director now owns 39,034 shares in the company, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,500 shares of company stock worth $1,243,150. Company insiders own 0.54% of the company’s stock.
NFX has been the topic of a number of recent analyst reports. Credit Suisse Group initiated coverage on Newfield Exploration in a research report on Monday, December 11th. They set a “neutral” rating and a $30.00 price target on the stock. Jefferies Group reiterated a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a research report on Thursday, October 12th. Morgan Stanley increased their price target on Newfield Exploration from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Barclays increased their price target on Newfield Exploration from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Newfield Exploration currently has an average rating of “Buy” and an average price target of $39.00.
Newfield Exploration Co. (NYSE:NFX) traded up $0.82 during midday trading on Tuesday, hitting $34.14. The stock had a trading volume of 1,629,700 shares, compared to its average volume of 2,590,971. The stock has a market capitalization of $6,790.00, a P/E ratio of 19.73, a PEG ratio of 0.71 and a beta of 1.45. Newfield Exploration Co. has a 1-year low of $24.41 and a 1-year high of $43.74. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17.
Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating the 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 business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. research analysts forecast that Newfield Exploration Co. will post 2.14 EPS for the current fiscal year.
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Newfield Exploration 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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