Robeco Institutional Asset Management B.V. Acquires Shares of 8,168 Newfield Exploration Co. (NFX)

Robeco Institutional Asset Management B.V. acquired a new position in shares of Newfield Exploration Co. (NYSE:NFX) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 8,168 shares of the energy company’s stock, valued at approximately $257,000.

A number of other hedge funds have also recently bought and sold shares of the business. State Street Corp increased its position in Newfield Exploration by 5.6% during the 2nd quarter. State Street Corp now owns 12,109,780 shares of the energy company’s stock worth $344,646,000 after buying an additional 638,807 shares during the period. Boston Partners increased its position in Newfield Exploration by 0.9% during the 3rd quarter. Boston Partners now owns 5,627,037 shares of the energy company’s stock worth $166,954,000 after buying an additional 51,835 shares during the period. Prudential Financial Inc. increased its position in Newfield Exploration by 26.9% during the 3rd quarter. Prudential Financial Inc. now owns 4,114,290 shares of the energy company’s stock worth $122,071,000 after buying an additional 872,434 shares during the period. Schroder Investment Management Group increased its position in Newfield Exploration by 70.3% during the 3rd quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock worth $62,209,000 after buying an additional 869,092 shares during the period. Finally, Janus Henderson Group PLC increased its position in Newfield Exploration by 3,994.5% during the 3rd quarter. Janus Henderson Group PLC now owns 1,899,262 shares of the energy company’s stock worth $56,351,000 after buying an additional 1,852,876 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Newfield Exploration Co. (NYSE:NFX) opened at $26.38 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15. Newfield Exploration Co. has a 12-month low of $24.41 and a 12-month high of $43.74. The company has a market capitalization of $5,695.13, a price-to-earnings ratio of 15.25, a P/E/G ratio of 0.58 and a beta of 1.35.

In related news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.30, for a total value of $375,600.00. Following the transaction, the insider now owns 243,322 shares in the company, valued at $7,615,978.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 36,000 shares of company stock worth $1,138,680 in the last 90 days. 0.54% of the stock is owned by company insiders.

Several research analysts have weighed in on NFX shares. Credit Suisse Group started coverage on Newfield Exploration in a research report on Monday, December 11th. They set a “neutral” rating and a $30.00 price objective on the stock. Jefferies Group reiterated a “buy” rating and set a $39.00 price objective on shares of Newfield Exploration in a research report on Thursday, October 12th. Morgan Stanley increased their price objective on Newfield Exploration from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Royal Bank of Canada reiterated a “buy” rating and set a $39.00 price objective on shares of Newfield Exploration in a research report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. cut Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $39.48.

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

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