Zeke Capital Advisors LLC Takes $257,000 Position in Newfield Exploration Company (NFX)

Zeke Capital Advisors LLC bought a new position in Newfield Exploration Company (NYSE:NFX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,678 shares of the energy company’s stock, valued at approximately $257,000.

Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in shares of Newfield Exploration by 8.5% during the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock valued at $116,000 after acquiring an additional 319 shares during the period. Dupont Capital Management Corp bought a new position in shares of Newfield Exploration during the second quarter valued at $131,000. Riverhead Capital Management LLC lifted its holdings in shares of Newfield Exploration by 17.1% during the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock valued at $197,000 after acquiring an additional 1,013 shares during the period. Koch Industries Inc. bought a new position in shares of Newfield Exploration during the second quarter valued at $209,000. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Newfield Exploration by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after acquiring an additional 230 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Newfield Exploration Company (NYSE:NFX) traded up $0.95 during trading hours on Monday, hitting $31.88. The stock had a trading volume of 2,315,300 shares, compared to its average volume of 2,936,898. Newfield Exploration Company has a 52 week low of $24.41 and a 52 week high of $50.00. The firm has a market capitalization of $6,363.85, a price-to-earnings ratio of 15.86, a PEG ratio of 1.31 and a beta of 1.44. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17.

Newfield Exploration (NYSE:NFX) last announced its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $419.75 million. During the same period last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. analysts predict that Newfield Exploration Company will post 2.1 EPS for the current fiscal year.

NFX has been the subject of a number of analyst reports. Barclays reissued an “equal weight” rating and set a $22.00 price objective (down from $23.00) on shares of Newfield Exploration in a report on Wednesday, August 9th. J P Morgan Chase & Co reissued an “overweight” rating and set a $36.00 price objective (down from $40.00) on shares of Newfield Exploration in a report on Wednesday, August 9th. Zacks Investment Research raised Newfield Exploration from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub cut Newfield Exploration from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus set a $37.00 price objective on Newfield Exploration and gave the company a “buy” rating in a report on Friday, August 18th. 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 an average price target of $39.05.

In related news, CEO Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $31.70, for a total value of $380,400.00. Following the completion of the sale, the chief executive officer now directly owns 255,322 shares in the company, valued at $8,093,707.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Juanita F. Romans sold 3,500 shares of Newfield Exploration stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the completion of the sale, the director now owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,500 shares of company stock valued at $834,670. Corporate insiders own 0.54% of the company’s stock.

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

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