Rothschild Asset Management Inc. continued to hold its stake in Newfield Exploration Company (NYSE:NFX) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,334 shares of the energy company’s stock at the end of the second quarter. Rothschild Asset Management Inc.’s holdings in Newfield Exploration were worth $749,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of NFX. Bbva Compass Bancshares Inc. raised its stake in Newfield Exploration by 1.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 22,815 shares of the energy company’s stock worth $649,000 after buying an additional 327 shares during the period. APG Asset Management N.V. bought a new stake in Newfield Exploration during the second quarter worth about $763,000. BB&T Corp raised its stake in Newfield Exploration by 3.0% in the second quarter. BB&T Corp now owns 299,809 shares of the energy company’s stock worth $8,533,000 after buying an additional 8,797 shares during the period. US Bancorp DE raised its stake in Newfield Exploration by 8.9% in the second quarter. US Bancorp DE now owns 48,557 shares of the energy company’s stock worth $1,381,000 after buying an additional 3,986 shares during the period. Finally, State Treasurer State of Michigan raised its stake in Newfield Exploration by 0.3% in the second quarter. State Treasurer State of Michigan now owns 65,512 shares of the energy company’s stock worth $1,864,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 99.05% of the company’s stock.
Newfield Exploration Company (NFX) opened at 26.26 on Friday. The firm has a market capitalization of $5.19 billion, a PE ratio of 17.03 and a beta of 1.48. The firm’s 50-day moving average price is $27.28 and its 200-day moving average price is $33.56. Newfield Exploration Company has a 1-year low of $25.46 and a 1-year high of $50.00.
Newfield Exploration (NYSE:NFX) last announced its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $402 million during the quarter, compared to analyst estimates of $413.70 million. Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. On average, equities research analysts predict that Newfield Exploration Company will post $1.91 EPS for the current fiscal year.
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A number of research firms have recently issued reports on NFX. Zacks Investment Research upgraded Newfield Exploration from a “sell” rating to a “hold” rating in a research report on Thursday. J P Morgan Chase & Co restated an “overweight” rating and issued a $36.00 price target (down from $40.00) on shares of Newfield Exploration in a research report on Wednesday. Barclays PLC restated an “equal weight” rating and issued a $22.00 price target (down from $23.00) on shares of Newfield Exploration in a research report on Wednesday. BMO Capital Markets restated a “buy” rating and issued a $34.00 price target on shares of Newfield Exploration in a research report on Friday, August 4th. Finally, Williams Capital set a $45.00 price target on Newfield Exploration and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company. Newfield Exploration has an average rating of “Buy” and a consensus target price of $43.21.
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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