Newfield Exploration Co. (NFX) Stake Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in Newfield Exploration Co. (NYSE:NFX) by 90.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,574 shares of the energy company’s stock after purchasing an additional 7,406 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Newfield Exploration were worth $381,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. LSV Asset Management raised its stake in shares of Newfield Exploration by 1,158.1% in the 1st quarter. LSV Asset Management now owns 790,100 shares of the energy company’s stock valued at $19,294,000 after purchasing an additional 727,300 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Newfield Exploration by 26.0% in the 1st quarter. D.A. Davidson & CO. now owns 13,144 shares of the energy company’s stock valued at $321,000 after purchasing an additional 2,715 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of Newfield Exploration by 21.7% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 23,203 shares of the energy company’s stock valued at $567,000 after purchasing an additional 4,136 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Newfield Exploration by 53.5% in the 1st quarter. Victory Capital Management Inc. now owns 68,322 shares of the energy company’s stock valued at $1,668,000 after purchasing an additional 23,804 shares in the last quarter. Finally, Trexquant Investment LP raised its stake in shares of Newfield Exploration by 677.4% in the 1st quarter. Trexquant Investment LP now owns 192,708 shares of the energy company’s stock valued at $4,706,000 after purchasing an additional 167,918 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

In other news, Director Roger B. Plank bought 2,000 shares of the firm’s stock in a transaction on Wednesday, March 28th. The stock was purchased at an average price of $23.38 per share, for a total transaction of $46,760.00. Following the transaction, the director now owns 32,787 shares in the company, valued at $766,560.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas G. Ricks bought 8,250 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was 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 in the company, valued at approximately $1,580,109.66. The disclosure for this purchase can be found here. 0.59% of the stock is currently owned by corporate insiders.

Shares of NYSE:NFX opened at $28.01 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 1.62. Newfield Exploration Co. has a fifty-two week low of $22.72 and a fifty-two week high of $35.20. The stock has a market cap of $5.83 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 0.73 and a beta of 1.51.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings data on Tuesday, May 1st. The energy company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Newfield Exploration had a net margin of 18.96% and a return on equity of 36.67%. The business had revenue of $580.00 million during the quarter, compared to the consensus estimate of $552.56 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue for the quarter was up 39.1% compared to the same quarter last year. equities analysts expect that Newfield Exploration Co. will post 3.22 earnings per share for the current fiscal year.

NFX has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Newfield Exploration from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. B. Riley initiated coverage on shares of Newfield Exploration in a research note on Monday, February 5th. They issued a “buy” rating and a $46.00 target price on the stock. Williams Capital set a $50.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Wednesday, February 21st. KLR Group upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday, February 22nd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $29.00 target price (down previously from $36.00) on shares of Newfield Exploration in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $37.57.

Newfield Exploration Company Profile

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.

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Institutional Ownership by Quarter for Newfield Exploration (NYSE:NFX)

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