Paloma Partners Management Co purchased a new position in Newfield Exploration Co. (NYSE:NFX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,770 shares of the energy company’s stock, valued at approximately $655,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. HBK Investments L P raised its holdings in Newfield Exploration by 11.9% in the 4th quarter. HBK Investments L P now owns 18,131 shares of the energy company’s stock worth $572,000 after purchasing an additional 1,932 shares during the period. Amalgamated Bank raised its holdings in Newfield Exploration by 5.3% in the 4th quarter. Amalgamated Bank now owns 41,413 shares of the energy company’s stock worth $1,306,000 after purchasing an additional 2,095 shares during the period. Chevy Chase Trust Holdings Inc. raised its holdings in Newfield Exploration by 1.2% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 173,732 shares of the energy company’s stock worth $5,155,000 after purchasing an additional 2,127 shares during the period. Fernwood Investment Management LLC raised its holdings in Newfield Exploration by 7.2% in the 3rd quarter. Fernwood Investment Management LLC now owns 34,400 shares of the energy company’s stock worth $1,021,000 after purchasing an additional 2,300 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in Newfield Exploration by 28.4% in the 3rd quarter. D.A. Davidson & CO. now owns 11,466 shares of the energy company’s stock worth $340,000 after purchasing an additional 2,534 shares during the period. Hedge funds and other institutional investors own 99.82% of the company’s stock.
A number of brokerages recently commented on NFX. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $48.00 target price on shares of Newfield Exploration in a report on Tuesday, January 9th. Zacks Investment Research raised Newfield Exploration from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a report on Monday, January 15th. BMO Capital Markets reaffirmed a “hold” rating and issued a $36.00 target price on shares of Newfield Exploration in a report on Sunday, January 14th. KLR Group cut Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Tuesday, January 23rd. Finally, Morgan Stanley raised their target price on Newfield Exploration from $33.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. 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 company has a consensus rating of “Buy” and a consensus price target of $37.55.
Shares of Newfield Exploration stock opened at $24.80 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $4,673.50, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.58 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 quarterly earnings data on Tuesday, February 20th. The energy company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.11. The firm had revenue of $509.00 million during the quarter, compared to analyst estimates of $497.95 million. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. equities research analysts predict that Newfield Exploration Co. will post 3.03 EPS for the current year.
In other news, CEO Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total transaction of $382,080.00. Following the completion of the transaction, the chief executive officer now owns 223,235 shares in the company, valued at $7,107,802.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas G. Ricks acquired 8,250 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were purchased at an average price of $23.78 per share, with a total value of $196,185.00. Following the transaction, the director now owns 66,447 shares of the company’s stock, valued at $1,580,109.66. The disclosure for this purchase can be found here. Company insiders own 0.54% of the company’s stock.
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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