AT Bancorp purchased a new stake in shares of Newfield Exploration Co. (NYSE:NFX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,475 shares of the energy company’s stock, valued at approximately $835,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tiedemann Wealth Management LLC boosted its position in shares of Newfield Exploration by 36.0% during the third quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock valued at $148,000 after purchasing an additional 7,664 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Newfield Exploration during the second quarter valued at approximately $209,000. Vident Investment Advisory LLC bought a new stake in Newfield Exploration in the third quarter worth $212,000. Thrivent Financial For Lutherans boosted its holdings in Newfield Exploration by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after acquiring an additional 230 shares in the last quarter. Finally, MAI Capital Management bought a new stake in Newfield Exploration in the fourth quarter worth $240,000. Institutional investors own 99.52% of the company’s stock.
NFX has been the topic of several analyst reports. Morgan Stanley boosted their target price on Newfield Exploration from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Zacks Investment Research raised Newfield Exploration from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, October 26th. Williams Capital set a $46.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Wednesday, November 1st. SunTrust Banks set a $37.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Scotiabank reissued a “buy” rating and issued a $38.00 target price on shares of Newfield Exploration in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. Newfield Exploration currently has an average rating of “Buy” and an average price target of $39.00.
Newfield Exploration Co. (NFX) traded up $0.11 during mid-day trading on Wednesday, hitting $26.22. The stock had a trading volume of 1,530,159 shares, compared to its average volume of 2,936,146. The stock has a market capitalization of $5,210.00, a PE ratio of 15.09, a P/E/G ratio of 0.54 and a beta of 1.35. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. Newfield Exploration Co. has a 52-week low of $24.41 and a 52-week high of $43.56.
In related news, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 223,235 shares in the company, valued at $7,107,802.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 36,000 shares of company stock valued at $1,138,680. 0.54% of the stock is owned by company insiders.
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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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