Ashburton Jersey Ltd lifted its holdings in shares of Newfield Exploration Co. (NYSE:NFX) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,850 shares of the energy company’s stock after buying an additional 3,100 shares during the quarter. Newfield Exploration makes up approximately 0.9% of Ashburton Jersey Ltd’s investment portfolio, making the stock its 21st largest position. Ashburton Jersey Ltd’s holdings in Newfield Exploration were worth $2,297,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Assetmark Inc. raised its stake in shares of Newfield Exploration by 14,896.2% during the 4th quarter. Assetmark Inc. now owns 3,899 shares of the energy company’s stock worth $123,000 after buying an additional 3,873 shares during the period. Tiedemann Wealth Management LLC raised its stake in Newfield Exploration by 36.0% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock valued at $148,000 after purchasing an additional 7,664 shares during the last quarter. ETRADE Capital Management LLC acquired a new position in Newfield Exploration in the 4th quarter valued at $211,000. Vident Investment Advisory LLC acquired a new position in Newfield Exploration in the 3rd quarter valued at $212,000. Finally, MAI Capital Management acquired a new position in Newfield Exploration in the 4th quarter valued at $240,000. 99.82% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. KLR Group downgraded Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research note on Tuesday, January 23rd. Zacks Investment Research downgraded Newfield Exploration from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Jefferies Group set a $35.00 price objective on Newfield Exploration and gave the company a “buy” rating in a research note on Friday, February 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $29.00 price objective (down from $36.00) on shares of Newfield Exploration in a research note on Friday, February 23rd. Finally, Stifel Nicolaus set a $45.00 price objective on Newfield Exploration and gave the company a “buy” rating in a research note on Friday, March 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $37.55.
Shares of NFX stock opened at $23.40 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $4,847.26, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.60 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.
Newfield Exploration (NYSE:NFX) last issued its earnings results on Tuesday, February 20th. The energy company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The company had revenue of $509.00 million during 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 firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. equities research analysts anticipate that Newfield Exploration Co. will post 3.04 earnings per share for the current year.
In related news, Director Thomas G. Ricks bought 8,250 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was bought at an average cost of $23.78 per share, for a total transaction of $196,185.00. Following the acquisition, the director now directly owns 66,447 shares in the company, valued at $1,580,109.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lee K. Boothby sold 12,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total value of $382,080.00. Following the transaction, the chief executive officer now owns 223,235 shares of the company’s stock, valued at $7,107,802.40. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.
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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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