Newfield Exploration Company (NFX) Shares Bought by Mesirow Financial Investment Management Equity Management

Mesirow Financial Investment Management Equity Management boosted its stake in Newfield Exploration Company (NYSE:NFX) by 22.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 37,600 shares of the energy company’s stock after buying an additional 6,810 shares during the period. Mesirow Financial Investment Management Equity Management’s holdings in Newfield Exploration were worth $1,072,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NFX. Wellington Management Group LLP boosted its stake in shares of Newfield Exploration by 31.1% in the first quarter. Wellington Management Group LLP now owns 27,063,455 shares of the energy company’s stock valued at $998,913,000 after buying an additional 6,422,891 shares during the period. Vanguard Group Inc. boosted its stake in shares of Newfield Exploration by 5.2% in the first quarter. Vanguard Group Inc. now owns 22,916,735 shares of the energy company’s stock valued at $845,856,000 after buying an additional 1,131,263 shares during the period. BlackRock Inc. boosted its stake in shares of Newfield Exploration by 2,798.4% in the first quarter. BlackRock Inc. now owns 13,788,511 shares of the energy company’s stock valued at $508,934,000 after buying an additional 13,312,785 shares during the period. State Street Corp boosted its stake in shares of Newfield Exploration by 10.3% in the first quarter. State Street Corp now owns 11,470,973 shares of the energy company’s stock valued at $423,392,000 after buying an additional 1,066,743 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of Newfield Exploration by 3.0% in the first quarter. Clearbridge Investments LLC now owns 8,865,153 shares of the energy company’s stock valued at $327,213,000 after buying an additional 256,245 shares during the period. 99.05% of the stock is currently owned by hedge funds and other institutional investors.

Newfield Exploration Company (NFX) opened at 26.60 on Thursday. Newfield Exploration Company has a 1-year low of $25.46 and a 1-year high of $50.00. The stock’s 50 day moving average price is $27.33 and its 200-day moving average price is $33.61. The company has a market cap of $5.26 billion, a PE ratio of 17.25 and a beta of 1.48.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $402 million for the quarter, compared to analyst estimates of $413.70 million. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. On average, analysts forecast that Newfield Exploration Company will post $1.91 earnings per share for the current year.

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Several equities research analysts have recently issued reports on NFX shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $46.00 target price on shares of Newfield Exploration in a report on Wednesday, May 17th. Barclays PLC reaffirmed an “equal weight” rating and issued a $22.00 target price (down from $23.00) on shares of Newfield Exploration in a report on Wednesday. Williams Capital set a $45.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Cowen and Company set a $35.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, BMO Capital Markets set a $40.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $43.21.

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.

Institutional Ownership by Quarter for Newfield Exploration (NYSE:NFX)

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