Schwab Charles Investment Management Inc. lifted its stake in Newfield Exploration Company (NYSE:NFX) by 22.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,065,599 shares of the energy company’s stock after purchasing an additional 196,405 shares during the period. Schwab Charles Investment Management Inc. owned 0.53% of Newfield Exploration worth $30,327,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Global X Management Co. LLC lifted its position in Newfield Exploration by 30.5% during the 1st quarter. Global X Management Co. LLC now owns 3,311 shares of the energy company’s stock valued at $122,000 after acquiring an additional 774 shares during the period. Pacer Advisors Inc. lifted its position in Newfield Exploration by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock valued at $138,000 after acquiring an additional 121 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Newfield Exploration during the 1st quarter valued at about $175,000. Daiwa Securities Group Inc. increased its stake in Newfield Exploration by 14.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the energy company’s stock valued at $210,000 after purchasing an additional 700 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in Newfield Exploration by 16.9% during the 1st quarter. Stephens Inc. AR now owns 6,901 shares of the energy company’s stock valued at $255,000 after purchasing an additional 997 shares in the last quarter. 99.15% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the stock. J P Morgan Chase & Co restated an “overweight” rating and set a $36.00 target price (down from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Piper Jaffray Companies lowered their target price on shares of Newfield Exploration from $53.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday. BidaskClub downgraded shares of Newfield Exploration from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Jefferies Group LLC set a $40.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, Barclays PLC reduced their price target on shares of Newfield Exploration from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $41.44.
In other news, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction on Friday, September 1st. The stock was sold at an average price of $26.18, for a total transaction of $314,160.00. Following the transaction, the insider now owns 279,322 shares in the company, valued at $7,312,649.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger B. Plank purchased 3,000 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $25.98 per share, for a total transaction of $77,940.00. Following the acquisition, the director now directly owns 30,787 shares of the company’s stock, valued at approximately $799,846.26. The disclosure for this purchase can be found here. 0.54% of the stock is currently owned by company insiders.
Newfield Exploration Company (NYSE:NFX) opened at 28.66 on Thursday. The stock’s 50 day moving average price is $26.05 and its 200-day moving average price is $30.64. Newfield Exploration Company has a 12 month low of $24.41 and a 12 month high of $50.00. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 18.59 and a beta of 1.49.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The firm had revenue of $402.00 million for the quarter, compared to analyst estimates of $413.70 million. During the same quarter last year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts predict that Newfield Exploration Company will post $1.87 EPS for the current year.
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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