DekaBank Deutsche Girozentrale boosted its stake in shares of Newfield Exploration Company (NYSE:NFX) by 18.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,445 shares of the energy company’s stock after purchasing an additional 28,439 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.09% of Newfield Exploration worth $4,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Adell Harriman & Carpenter Inc. boosted its position in Newfield Exploration by 17.6% during the third quarter. Adell Harriman & Carpenter Inc. now owns 62,737 shares of the energy company’s stock valued at $1,861,000 after purchasing an additional 9,385 shares in the last quarter. TCW Group Inc. boosted its position in Newfield Exploration by 10.8% during the third quarter. TCW Group Inc. now owns 1,756,736 shares of the energy company’s stock valued at $52,122,000 after purchasing an additional 170,861 shares in the last quarter. Toronto Dominion Bank raised its stake in Newfield Exploration by 12.0% in the third quarter. Toronto Dominion Bank now owns 75,562 shares of the energy company’s stock valued at $2,242,000 after buying an additional 8,086 shares during the last quarter. CIBC Asset Management Inc raised its stake in Newfield Exploration by 12.5% in the third quarter. CIBC Asset Management Inc now owns 19,944 shares of the energy company’s stock valued at $592,000 after buying an additional 2,217 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Newfield Exploration by 5.4% in the third quarter. Sei Investments Co. now owns 397,036 shares of the energy company’s stock valued at $11,780,000 after buying an additional 20,280 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.
In other news, Director Juanita F. Romans sold 3,500 shares of Newfield Exploration stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the sale, the director now directly owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $26.18, for a total value of $314,160.00. Following the completion of the sale, the insider now directly owns 279,322 shares in the company, valued at $7,312,649.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,500 shares of company stock worth $1,148,830. 0.54% of the stock is owned by corporate insiders.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $419.75 million. During the same period last year, the company earned $0.45 earnings per share. Newfield Exploration’s quarterly revenue was up 12.0% compared to the same quarter last year. equities research analysts anticipate that Newfield Exploration Company will post 2.06 EPS for the current year.
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A number of equities research analysts have commented on NFX shares. Zacks Investment Research cut Newfield Exploration from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub upgraded Newfield Exploration from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Williams Capital set a $45.00 price target on Newfield Exploration and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Barclays PLC decreased their price target on Newfield Exploration from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, August 3rd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $34.00 price target on shares of Newfield Exploration in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Newfield Exploration presently has a consensus rating of “Buy” and a consensus 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.
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