BNP Paribas Arbitrage SA cut its holdings in shares of Newfield Exploration Company (NYSE:NFX) by 66.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,148 shares of the energy company’s stock after selling 309,055 shares during the quarter. BNP Paribas Arbitrage SA owned 0.08% of Newfield Exploration worth $4,603,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. increased 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 worth $116,000 after purchasing an additional 319 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Newfield Exploration during the 2nd quarter worth approximately $131,000. Riverhead Capital Management LLC boosted its position in shares of Newfield Exploration by 17.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock worth $197,000 after acquiring an additional 1,013 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Newfield Exploration by 5.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 7,300 shares of the energy company’s stock worth $269,000 after acquiring an additional 380 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Newfield Exploration by 43.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 8,243 shares of the energy company’s stock worth $235,000 after acquiring an additional 2,480 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.
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In related news, Director Juanita F. Romans sold 3,500 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the completion of the transaction, the director now directly owns 39,034 shares in the company, valued at approximately $1,171,800.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $26.18, for a total transaction of $314,160.00. Following the completion of the transaction, the insider now owns 279,322 shares of the company’s stock, valued at $7,312,649.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,500 shares of company stock valued at $1,148,830. 0.54% of the stock is owned by company insiders.
Several analysts recently issued reports on the stock. BMO Capital Markets set a $34.00 price target on shares of Newfield Exploration and gave the stock a “hold” rating in a research report on Tuesday, November 14th. KeyCorp reiterated a “hold” rating on shares of Newfield Exploration in a report on Monday, November 13th. Zacks Investment Research lowered shares of Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, November 10th. TheStreet upgraded shares of Newfield Exploration from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the stock. Newfield Exploration currently has a consensus rating of “Buy” and an average target price of $38.96.
Newfield Exploration Company (NYSE NFX) opened at $30.30 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 Company has a 1-year low of $24.41 and a 1-year high of $50.00. The company has a market cap of $6,048.46, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The company had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. Newfield Exploration’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. sell-side analysts predict that Newfield Exploration Company will post 2.06 earnings per share for the current fiscal year.
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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