Caisse DE Depot ET Placement DU Quebec cut its stake in shares of Newfield Exploration Co. (NYSE:NFX) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,900 shares of the energy company’s stock after selling 2,100 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Newfield Exploration were worth $1,100,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in NFX. Crossmark Global Holdings Inc. bought a new position in shares of Newfield Exploration during the 3rd quarter valued at approximately $504,000. Victory Capital Management Inc. grew its stake in shares of Newfield Exploration by 1,064.9% during the 3rd quarter. Victory Capital Management Inc. now owns 39,992 shares of the energy company’s stock valued at $1,187,000 after acquiring an additional 36,559 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Newfield Exploration by 73.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 86,400 shares of the energy company’s stock valued at $2,563,000 after acquiring an additional 36,700 shares during the period. Keybank National Association OH bought a new position in shares of Newfield Exploration during the 3rd quarter valued at approximately $350,000. Finally, Swiss National Bank grew its stake in shares of Newfield Exploration by 1.0% during the 3rd quarter. Swiss National Bank now owns 732,200 shares of the energy company’s stock valued at $21,724,000 after acquiring an additional 7,300 shares during the period. Institutional investors own 99.82% of the company’s stock.
A number of research analysts recently issued reports on NFX shares. JPMorgan Chase & Co. downgraded Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Friday, December 15th. BMO Capital Markets reiterated a “hold” rating and set a $36.00 price objective on shares of Newfield Exploration in a research note on Sunday, January 14th. B. Riley started coverage on Newfield Exploration in a research note on Monday, February 5th. They issued a “buy” rating and a $46.00 price target for the company. Seaport Global Securities upgraded Newfield Exploration from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 19th. Finally, Cowen set a $40.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Newfield Exploration has an average rating of “Buy” and an average price target of $37.59.
In other news, Director Thomas G. Ricks acquired 8,250 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were acquired at an average cost of $23.78 per share, with a total value of $196,185.00. Following the acquisition, the director now directly owns 66,447 shares of the company’s stock, valued at $1,580,109.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $31.75, for a total value of $381,000.00. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.
Shares of Newfield Exploration Co. (NYSE NFX) opened at $24.27 on Friday. The stock has a market capitalization of $4,701.46, a P/E ratio of 11.39, a PEG ratio of 0.59 and a beta of 1.57. Newfield Exploration Co. has a twelve month low of $22.72 and a twelve month high of $37.61. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.73.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, February 20th. The energy company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The business had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $497.95 million. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. equities research analysts predict that Newfield Exploration Co. will post 3.01 earnings per share for the current fiscal year.
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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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