Koch Industries Inc. purchased a new position in shares of Newfield Exploration Co. (NYSE:NFX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,866 shares of the energy company’s stock, valued at approximately $500,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swiss National Bank grew its holdings in shares of Newfield Exploration by 0.4% during the fourth quarter. Swiss National Bank now owns 734,900 shares of the energy company’s stock worth $23,171,000 after buying an additional 2,700 shares in the last quarter. Creative Planning purchased a new stake in shares of Newfield Exploration during the fourth quarter worth about $1,394,000. US Bancorp DE grew its holdings in shares of Newfield Exploration by 47.0% during the fourth quarter. US Bancorp DE now owns 46,199 shares of the energy company’s stock worth $1,457,000 after buying an additional 14,773 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Newfield Exploration by 52.7% during the third quarter. Neuberger Berman Group LLC now owns 12,588 shares of the energy company’s stock worth $373,000 after buying an additional 4,345 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of Newfield Exploration during the fourth quarter worth about $2,627,000. Institutional investors and hedge funds own 99.82% of the company’s stock.
In other news, CEO Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $31.84, for a total transaction of $382,080.00. Following the transaction, the chief executive officer now directly owns 223,235 shares of the company’s stock, valued at $7,107,802.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas G. Ricks bought 8,250 shares of Newfield Exploration stock in a transaction dated Thursday, March 1st. The shares were purchased at an average cost of $23.78 per share, for a total transaction of $196,185.00. Following the completion of the transaction, the director now owns 66,447 shares of the company’s stock, valued at approximately $1,580,109.66. The disclosure for this purchase can be found here. Insiders own 0.54% of the company’s stock.
Shares of Newfield Exploration Co. (NYSE NFX) traded up $0.50 during mid-day trading on Friday, reaching $24.27. 6,411,568 shares of the company’s stock were exchanged, compared to its average volume of 4,834,373. The firm has a market capitalization of $4,747.40, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.60 and a beta of 1.57. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.73. Newfield Exploration Co. has a 1 year low of $22.72 and a 1 year high of $37.61.
Newfield Exploration (NYSE:NFX) last announced its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. The firm had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $497.95 million. During the same period in the previous year, the company posted $0.49 earnings per share. Newfield Exploration’s revenue was up 22.7% compared to the same quarter last year. research analysts anticipate that Newfield Exploration Co. will post 3.01 earnings per share for the current fiscal year.
Several research firms recently issued reports on NFX. Jefferies Group set a $35.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, February 23rd. KLR Group cut shares of Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Tuesday, January 23rd. Barclays raised their target price on shares of Newfield Exploration from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Zacks Investment Research cut shares of Newfield Exploration from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $29.00 target price (down from $36.00) on shares of Newfield Exploration in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $37.59.
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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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