Newfield Exploration Co. (NFX) Position Increased by Gabelli Funds LLC

Gabelli Funds LLC increased its position in shares of Newfield Exploration Co. (NYSE:NFX) by 27.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the energy company’s stock after buying an additional 13,800 shares during the period. Gabelli Funds LLC’s holdings in Newfield Exploration were worth $2,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. US Bancorp DE boosted its holdings in shares of Newfield Exploration by 47.0% during the 4th quarter. US Bancorp DE now owns 46,199 shares of the energy company’s stock worth $1,457,000 after buying an additional 14,773 shares during the period. Aperio Group LLC boosted its holdings in shares of Newfield Exploration by 5.5% during the 4th quarter. Aperio Group LLC now owns 91,673 shares of the energy company’s stock worth $2,890,000 after buying an additional 4,790 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of Newfield Exploration during the 4th quarter worth $10,316,000. North Star Asset Management Inc. boosted its holdings in shares of Newfield Exploration by 16.2% during the 4th quarter. North Star Asset Management Inc. now owns 103,710 shares of the energy company’s stock worth $3,270,000 after buying an additional 14,450 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Newfield Exploration by 11.3% during the 4th quarter. Victory Capital Management Inc. now owns 44,518 shares of the energy company’s stock worth $1,404,000 after buying an additional 4,526 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Lee K. Boothby sold 12,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $31.84, for a total value of $382,080.00. Following the completion of the transaction, the chief executive officer now owns 223,235 shares in the company, valued at approximately $7,107,802.40. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders sold 36,000 shares of company stock valued at $1,138,680. Insiders own 0.54% of the company’s stock.

Several research firms recently issued reports on NFX. Credit Suisse Group began coverage on shares of Newfield Exploration in a report on Monday, December 11th. They set a “neutral” rating and a $30.00 price objective for the company. B. Riley began coverage on shares of Newfield Exploration in a report on Monday, February 5th. They set a “buy” rating and a $46.00 price objective for the company. Zacks Investment Research downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, November 10th. BMO Capital Markets reaffirmed a “hold” rating and set a $36.00 price objective on shares of Newfield Exploration in a report on Sunday, January 14th. Finally, Wolfe Research downgraded shares of Newfield Exploration from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $39.00.

Shares of Newfield Exploration Co. (NYSE:NFX) opened at $26.11 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. Newfield Exploration Co. has a 1-year low of $24.41 and a 1-year high of $43.74. The firm has a market cap of $5,345.79, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35.

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Newfield Exploration Company 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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