Voya Investment Management LLC Boosts Position in Newfield Exploration Company (NFX)

Voya Investment Management LLC boosted its stake in Newfield Exploration Company (NYSE:NFX) by 9.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 148,060 shares of the energy company’s stock after purchasing an additional 13,132 shares during the period. Voya Investment Management LLC owned about 0.07% of Newfield Exploration worth $4,214,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. CIBC Asset Management Inc increased its holdings in Newfield Exploration by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock valued at $505,000 after purchasing an additional 70 shares during the last quarter. Utah Retirement Systems boosted its position in Newfield Exploration by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 36,416 shares of the energy company’s stock valued at $1,037,000 after buying an additional 100 shares during the period. Pacer Advisors Inc. boosted its position in Newfield Exploration by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock valued at $138,000 after buying an additional 121 shares during the period. Louisiana State Employees Retirement System boosted its position in Newfield Exploration by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock valued at $353,000 after buying an additional 200 shares during the period. Finally, State Treasurer State of Michigan boosted its position in Newfield Exploration by 0.3% in the 2nd quarter. State Treasurer State of Michigan now owns 65,512 shares of the energy company’s stock valued at $1,864,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Shares of Newfield Exploration Company (NFX) opened at 29.78 on Friday. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 19.31 and a beta of 1.53. Newfield Exploration Company has a 52 week low of $24.41 and a 52 week high of $50.00. The company’s 50-day moving average is $27.87 and its 200 day moving average is $30.12.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $413.70 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that Newfield Exploration Company will post $1.89 EPS for the current fiscal year.

In other Newfield Exploration news, Director Roger B. Plank purchased 3,000 shares of Newfield Exploration stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $25.98 per share, for a total transaction of $77,940.00. Following the transaction, the director now owns 30,787 shares in the company, valued at approximately $799,846.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.10, for a total transaction of $349,200.00. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Several brokerages have commented on NFX. Stifel Nicolaus set a $37.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Thursday, October 5th. Jefferies Group LLC reissued a “buy” rating and issued a $39.00 price target on shares of Newfield Exploration in a research report on Thursday. KeyCorp reissued a “hold” rating on shares of Newfield Exploration in a research report on Thursday. BMO Capital Markets set a $34.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays PLC raised their price target on shares of Newfield Exploration from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the stock. Newfield Exploration currently has a consensus rating of “Buy” and an average target price of $41.14.

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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.

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

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