King Luther Capital Management Corp raised its position in shares of Newfield Exploration Co. (NYSE:NFX) by 12.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 9,828 shares of the energy company’s stock after buying an additional 1,100 shares during the period. King Luther Capital Management Corp’s holdings in Newfield Exploration were worth $363,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in NFX. Cipher Capital LP boosted its position in shares of Newfield Exploration by 13.8% in the first quarter. Cipher Capital LP now owns 36,718 shares of the energy company’s stock worth $1,355,000 after buying an additional 4,458 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Newfield Exploration during the fourth quarter worth about $28,245,000. ARP Americas LLC acquired a new position in shares of Newfield Exploration during the first quarter worth about $214,000. Suntrust Banks Inc. acquired a new position in shares of Newfield Exploration during the first quarter worth about $423,000. Finally, Guggenheim Capital LLC boosted its position in shares of Newfield Exploration by 20.6% in the fourth quarter. Guggenheim Capital LLC now owns 757,367 shares of the energy company’s stock worth $30,674,000 after buying an additional 129,154 shares in the last quarter. Institutional investors own 99.04% of the company’s stock.
Shares of Newfield Exploration Co. (NYSE:NFX) traded up 0.598% on Tuesday, hitting $29.415. 2,210,519 shares of the stock traded hands. The stock has a 50 day moving average of $32.63 and a 200-day moving average of $37.72. The stock’s market cap is $5.80 billion. Newfield Exploration Co. has a 1-year low of $28.15 and a 1-year high of $50.00.
Newfield Exploration (NYSE:NFX) last released its quarterly earnings results on Tuesday, May 2nd. The energy company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.12. The company had revenue of $417 million for the quarter, compared to analysts’ expectations of $425.44 million. Newfield Exploration had a return on equity of 57.86% and a net margin of 35.25%. On average, equities research analysts expect that Newfield Exploration Co. will post $2.35 EPS for the current year.
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A number of equities analysts have recently issued reports on NFX shares. BMO Capital Markets dropped their price objective on shares of Newfield Exploration from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, February 27th. Scotiabank set a $46.00 price objective on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Monday, March 27th. Cowen and Company set a $50.00 price objective on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Wednesday, February 22nd. Deutsche Bank AG increased their price objective on shares of Newfield Exploration from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, March 7th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $47.00 price objective on shares of Newfield Exploration in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have issued a buy rating to the company. Newfield Exploration currently has an average rating of “Buy” and an average target price of $48.56.
In other news, insider Lee K. Boothby sold 9,000 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $34.57, for a total transaction of $311,130.00. Following the sale, the insider now directly owns 335,047 shares in the company, valued at $11,582,574.79. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.
Newfield Exploration Company 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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