Adell Harriman & Carpenter Inc. boosted its position in Newfield Exploration Company (NYSE:NFX) by 17.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,737 shares of the energy company’s stock after purchasing an additional 9,385 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Newfield Exploration were worth $1,861,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in Newfield Exploration by 8.5% in 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 last quarter. Dupont Capital Management Corp purchased a new position in Newfield Exploration in the second quarter worth about $131,000. Riverhead Capital Management LLC boosted its position in Newfield Exploration by 17.1% in the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock worth $197,000 after purchasing an additional 1,013 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Newfield Exploration by 5.5% in the first quarter. Thrivent Financial For Lutherans now owns 7,300 shares of the energy company’s stock worth $269,000 after purchasing an additional 380 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Newfield Exploration by 43.0% in the second quarter. Neuberger Berman Group LLC now owns 8,243 shares of the energy company’s stock worth $235,000 after purchasing an additional 2,480 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total transaction of $349,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Juanita F. Romans sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the transaction, the director now directly owns 39,034 shares in the company, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,500 shares of company stock worth $1,148,830. Corporate insiders own 0.54% of the company’s stock.
Newfield Exploration Company (NFX) traded down $1.22 during trading hours on Tuesday, reaching $32.09. The company’s stock had a trading volume of 3,122,100 shares, compared to its average volume of 2,994,308. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. 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 $6,649.30, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.47.
Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. During the same quarter in the previous year, the company posted $0.45 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. equities research analysts expect that Newfield Exploration Company will post 2.06 EPS for the current fiscal year.
NFX has been the topic of several research reports. Jefferies Group LLC set a $40.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Citigroup Inc. dropped their target price on Newfield Exploration from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Barclays PLC raised their target price on Newfield Exploration from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Cowen and Company set a $35.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Morgan Stanley lifted their price objective on Newfield Exploration from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Newfield Exploration currently has a consensus rating of “Buy” and a consensus price target of $38.87.
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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