Teachers Retirement System of The State of Kentucky lifted its stake in Newfield Exploration Co. (NYSE:NFX) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220,039 shares of the energy company’s stock after acquiring an additional 23,683 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.11% of Newfield Exploration worth $6,938,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of Newfield Exploration by 14,896.2% in the 4th quarter. Assetmark Inc. now owns 3,899 shares of the energy company’s stock worth $123,000 after acquiring an additional 3,873 shares in the last quarter. Tiedemann Wealth Management LLC raised its position in shares of Newfield Exploration by 36.0% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock worth $148,000 after acquiring an additional 7,664 shares in the last quarter. ETRADE Capital Management LLC bought a new position in shares of Newfield Exploration in the 4th quarter worth $211,000. Vident Investment Advisory LLC bought a new position in shares of Newfield Exploration in the 3rd quarter worth $212,000. Finally, MAI Capital Management bought a new position in shares of Newfield Exploration in the 4th quarter worth $240,000. 99.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Newfield Exploration Co. (NFX) opened at $23.54 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.89 and a current ratio of 0.91. The firm has a market capitalization of $4,693.48, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.60 and a beta of 1.57. Newfield Exploration Co. has a one year low of $22.72 and a one year 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, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The business had revenue of $509.00 million for the quarter, compared to the consensus estimate of $497.95 million. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. equities research analysts forecast that Newfield Exploration Co. will post 2.94 earnings per share for the current year.
Several research firms have recently commented on NFX. Credit Suisse Group began coverage on Newfield Exploration in a research report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price target for the company. B. Riley began coverage on Newfield Exploration in a research report on Monday, February 5th. They issued a “buy” rating and a $46.00 price target for the company. BMO Capital Markets reissued a “hold” rating and issued a $36.00 price target on shares of Newfield Exploration in a research report on Sunday, January 14th. Wolfe Research lowered Newfield Exploration from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 5th. Finally, Cowen set a $40.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $37.59.
In other news, Director Thomas G. Ricks purchased 8,250 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were acquired at an average price of $23.78 per share, for a total transaction of $196,185.00. Following the purchase, the director now owns 66,447 shares in the company, valued at $1,580,109.66. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $31.84, for a total value of $382,080.00. Following the sale, the chief executive officer now owns 223,235 shares in the company, valued at approximately $7,107,802.40. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.
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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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