Virtu Financial LLC purchased a new position in shares of Newfield Exploration Co. (NYSE:NFX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,092 shares of the energy company’s stock, valued at approximately $444,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tiedemann Wealth Management LLC boosted its holdings in Newfield Exploration by 36.0% during the third quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock worth $148,000 after buying an additional 7,664 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in Newfield Exploration during the third quarter worth $212,000. MAI Capital Management purchased a new stake in Newfield Exploration during the fourth quarter worth $240,000. Commerce Bank purchased a new stake in Newfield Exploration during the third quarter worth $246,000. Finally, Zeke Capital Advisors LLC purchased a new stake in Newfield Exploration during the third quarter worth $257,000. 99.82% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $31.75, for a total transaction of $381,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas G. Ricks acquired 8,250 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 66,447 shares of the company’s stock, valued at approximately $1,580,109.66. The disclosure for this purchase can be found here. Company insiders own 0.54% of the company’s stock.
A number of analysts recently issued reports on NFX shares. Scotiabank set a $39.00 price target on shares of Newfield Exploration and gave the stock a “buy” rating in a report on Saturday, November 25th. Zacks Investment Research raised shares of Newfield Exploration from a “hold” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a report on Monday, January 15th. Piper Jaffray Companies reissued a “buy” rating and set a $48.00 price target on shares of Newfield Exploration in a report on Tuesday, January 9th. KLR Group downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Tuesday, January 23rd. Finally, Morgan Stanley increased their price target on shares of 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 issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $37.59.
Newfield Exploration Co. (NYSE NFX) traded up $0.04 during trading hours on Wednesday, hitting $23.54. 3,185,820 shares of the stock traded hands, compared to its average volume of 3,794,446. 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 stock has a market capitalization of $4,653.53, a P/E ratio of 11.05, a P/E/G ratio of 0.60 and a beta of 1.57. Newfield Exploration Co. has a 12-month low of $22.72 and a 12-month high of $37.61.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The firm had revenue of $509.00 million for the quarter, compared to the consensus estimate of $497.95 million. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. analysts expect that Newfield Exploration Co. will post 2.94 earnings per share for the current year.
Newfield Exploration 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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