Guggenheim Capital LLC reduced its position in shares of Newfield Exploration Co. (NYSE:NFX) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,366,343 shares of the energy company’s stock after selling 74,960 shares during the period. Guggenheim Capital LLC owned approximately 0.68% of Newfield Exploration worth $43,080,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in NFX. Janus Henderson Group PLC raised its position in 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 valued at $56,351,000 after purchasing an additional 1,852,876 shares in the last quarter. Prudential Financial Inc. increased its holdings 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 buying an additional 872,434 shares in the last quarter. Schroder Investment Management Group increased its holdings 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 buying an additional 869,092 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Newfield Exploration by 210.1% during the fourth quarter. OppenheimerFunds Inc. now owns 1,002,611 shares of the energy company’s stock worth $31,612,000 after buying an additional 679,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Newfield Exploration by 110.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,278,674 shares of the energy company’s stock worth $37,938,000 after buying an additional 671,123 shares in the last quarter. Institutional investors and hedge funds own 99.82% of the company’s stock.
Shares of Newfield Exploration Co. (NFX) opened at $24.27 on Friday. The firm has a market capitalization of $4,747.40, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.60 and a beta of 1.57. Newfield Exploration Co. has a 1-year low of $22.72 and a 1-year high of $37.61. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, February 20th. The energy company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.11. The business had revenue of $509.00 million during the quarter, compared to the consensus estimate of $497.95 million. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. Newfield Exploration’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. equities analysts anticipate that Newfield Exploration Co. will post 3.01 EPS for the current fiscal year.
NFX has been the subject of several research analyst reports. Barclays upped their price target on shares of Newfield Exploration from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. Scotiabank set a $39.00 price target on shares of Newfield Exploration and gave the stock a “buy” rating in a report on Saturday, November 25th. Wolfe Research downgraded shares of Newfield Exploration from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. Credit Suisse Group initiated coverage on shares of Newfield Exploration in a report on Monday, December 11th. They set a “neutral” rating and a $30.00 price target for the company. Finally, JPMorgan Chase & Co. downgraded shares of Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price target for the company. in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.59.
In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $31.75, for a total transaction of $381,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas G. Ricks purchased 8,250 shares of the business’s stock in a transaction on 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 transaction, the director now directly 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. Corporate insiders own 0.54% of the company’s stock.
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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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