Waratah Capital Advisors Ltd. lowered its position in shares of Newfield Exploration Co. (NYSE:NFX) by 57.1% in the fourth quarter, HoldingsChannel reports. The firm owned 32,606 shares of the energy company’s stock after selling 43,374 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Newfield Exploration were worth $1,028,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Newfield Exploration by 1.5% during the fourth quarter. BlackRock Inc. now owns 13,961,934 shares of the energy company’s stock worth $440,218,000 after purchasing an additional 208,148 shares in the last quarter. Boston Partners grew its stake in shares of Newfield Exploration by 0.9% during the third quarter. Boston Partners now owns 5,627,037 shares of the energy company’s stock worth $166,954,000 after purchasing an additional 51,835 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Newfield Exploration by 26.9% during the third quarter. Prudential Financial Inc. now owns 4,114,290 shares of the energy company’s stock worth $122,071,000 after purchasing an additional 872,434 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Newfield Exploration by 70.3% during the third quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock worth $62,209,000 after purchasing an additional 869,092 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Newfield Exploration by 3,994.5% during the third quarter. Janus Henderson Group PLC now owns 1,899,262 shares of the energy company’s stock worth $56,351,000 after purchasing an additional 1,852,876 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.
In other news, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $31.30, for a total value of $375,600.00. Following the completion of the sale, the insider now directly owns 243,322 shares of the company’s stock, valued at $7,615,978.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 36,000 shares of company stock valued at $1,138,680 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.
Shares of Newfield Exploration Co. (NYSE:NFX) opened at $25.90 on Friday. Newfield Exploration Co. has a 1-year low of $24.41 and a 1-year high of $42.93. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. The company has a market cap of $5,170.13, a PE ratio of 12.89, a PEG ratio of 0.53 and a beta of 1.35.
A number of brokerages recently commented on NFX. Credit Suisse Group began coverage on shares of Newfield Exploration in a research note on Monday, December 11th. They set a “neutral” rating and a $30.00 target price for the company. B. Riley began coverage on shares of Newfield Exploration in a research note on Monday, February 5th. They set a “buy” rating and a $46.00 target price for the company. Zacks Investment Research downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. BMO Capital Markets reissued a “hold” rating and issued a $36.00 price target on shares of Newfield Exploration in a research report on Sunday, January 14th. Finally, Wolfe Research cut shares of Newfield Exploration from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.00.
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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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