Two Sigma Advisers LP raised its stake in Newfield Exploration Co. (NYSE:NFX) by 33.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,041,087 shares of the energy company’s stock after purchasing an additional 509,757 shares during the period. Two Sigma Advisers LP owned about 1.02% of Newfield Exploration worth $64,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. EnTrustPermal Partners Offshore LP acquired a new stake in Newfield Exploration in the 4th quarter valued at about $1,936,000. CoreCommodity Management LLC raised its position in Newfield Exploration by 17.0% in the 4th quarter. CoreCommodity Management LLC now owns 36,583 shares of the energy company’s stock valued at $1,153,000 after purchasing an additional 5,322 shares in the last quarter. Koch Industries Inc. acquired a new stake in Newfield Exploration in the 4th quarter valued at about $500,000. ETRADE Capital Management LLC acquired a new stake in Newfield Exploration in the 4th quarter valued at about $211,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Newfield Exploration in the 4th quarter valued at about $18,971,000. 99.82% of the stock is currently owned by institutional investors.
In related news, Director Thomas G. Ricks bought 8,250 shares of the stock in a transaction on Thursday, March 1st. The shares were bought at an average cost of $23.78 per share, for a total transaction of $196,185.00. Following the purchase, the director now owns 66,447 shares of the company’s stock, valued at approximately $1,580,109.66. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Roger B. Plank bought 2,000 shares of the stock in a transaction on Wednesday, March 28th. The stock was bought at an average price of $23.38 per share, for a total transaction of $46,760.00. Following the completion of the purchase, the director now directly owns 32,787 shares in the company, valued at approximately $766,560.06. The disclosure for this purchase can be found here. Insiders own 0.54% of the company’s stock.
NFX has been the topic of a number of analyst reports. Zacks Investment Research raised Newfield Exploration from a “hold” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research report on Monday, January 15th. Piper Jaffray reaffirmed a “buy” rating and issued a $48.00 price target on shares of Newfield Exploration in a research report on Tuesday, January 9th. KLR Group lowered Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research report on Tuesday, January 23rd. Morgan Stanley raised their target price on Newfield Exploration from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Jefferies Group set a $35.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.30.
NFX opened at $24.25 on Friday. The company has a market cap of $4,755.39, a price-to-earnings ratio of 11.28, a PEG ratio of 0.67 and a beta of 1.53. Newfield Exploration Co. has a 52 week low of $22.72 and a 52 week high of $37.43. 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 (NYSE:NFX) last released its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.60 by $0.11. The company had revenue of $509.00 million for the quarter, compared to analyst estimates of $497.95 million. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. equities analysts predict that Newfield Exploration Co. will post 3.02 earnings per share for the current fiscal year.
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Newfield Exploration Company 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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