16,975 Shares in Newfield Exploration Company (NFX) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new position in shares of Newfield Exploration Company (NYSE:NFX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,975 shares of the energy company’s stock, valued at approximately $504,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NFX. Thrivent Financial For Lutherans raised its stake in Newfield Exploration by 5.5% during the first quarter. Thrivent Financial For Lutherans now owns 7,300 shares of the energy company’s stock worth $269,000 after buying an additional 380 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in Newfield Exploration by 7.3% during the second quarter. Xact Kapitalforvaltning AB now owns 16,138 shares of the energy company’s stock worth $459,000 after buying an additional 1,101 shares during the last quarter. Capstone Asset Management Co. raised its stake in Newfield Exploration by 32.2% during the second quarter. Capstone Asset Management Co. now owns 15,735 shares of the energy company’s stock worth $448,000 after buying an additional 3,836 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in Newfield Exploration by 1,051.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 12,661 shares of the energy company’s stock worth $360,000 after buying an additional 11,561 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Newfield Exploration by 507.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 32,311 shares of the energy company’s stock valued at $920,000 after purchasing an additional 26,995 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Shares of Newfield Exploration Company (NFX) opened at $30.30 on Monday. Newfield Exploration Company has a 12-month low of $24.41 and a 12-month high of $50.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15. The stock has a market cap of $6,048.45, a P/E ratio of 15.07, a PEG ratio of 1.27 and a beta of 1.47.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $419.75 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side analysts expect that Newfield Exploration Company will post 2.06 EPS for the current year.

In other news, Director Juanita F. Romans sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the sale, the director now owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total transaction of $349,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 39,500 shares of company stock worth $1,148,830. Insiders own 0.54% of the company’s stock.

WARNING: This piece of content was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/20/16975-shares-in-newfield-exploration-company-nfx-purchased-by-crossmark-global-holdings-inc.html.

Several research firms have weighed in on NFX. BMO Capital Markets set a $34.00 price target on shares of Newfield Exploration and gave the company a “hold” rating in a research note on Tuesday, November 14th. KeyCorp reaffirmed a “hold” rating on shares of Newfield Exploration in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. TheStreet raised shares of Newfield Exploration from a “d+” rating to a “c-” rating in a research note on Monday, November 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $39.00 price target on shares of Newfield Exploration in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $38.96.

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)

Receive News & Ratings for Newfield Exploration Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newfield Exploration Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply