Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Newfield Exploration Company (NYSE:NFX) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 413,485 shares of the energy company’s stock after buying an additional 9,395 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 0.21% of Newfield Exploration worth $12,268,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Newfield Exploration in the second quarter valued at $42,542,000. FMR LLC increased its holdings in Newfield Exploration by 9.9% in the second quarter. FMR LLC now owns 10,459,662 shares of the energy company’s stock valued at $297,683,000 after purchasing an additional 938,740 shares during the period. Prudential Financial Inc. increased its holdings in Newfield Exploration by 26.9% in the third quarter. Prudential Financial Inc. now owns 4,114,290 shares of the energy company’s stock valued at $122,071,000 after purchasing an additional 872,434 shares during the period. Schroder Investment Management Group boosted its position in Newfield Exploration by 70.3% during the third quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock valued at $62,209,000 after acquiring an additional 869,092 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Newfield Exploration by 3.3% during the second quarter. Vanguard Group Inc. now owns 23,677,528 shares of the energy company’s stock valued at $673,862,000 after acquiring an additional 760,793 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.
In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the completion of the transaction, the director now directly owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were 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. Over the last three months, insiders sold 39,500 shares of company stock valued at $1,210,270. Insiders own 0.54% of the company’s stock.
Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. During the same period in the previous year, the business earned $0.45 EPS. Newfield Exploration’s revenue was up 12.0% compared to the same quarter last year. equities research analysts anticipate that Newfield Exploration Company will post 2.1 earnings per share for the current fiscal year.
A number of analysts have commented on NFX shares. Barclays reaffirmed an “equal weight” rating and set a $22.00 price target (down previously from $23.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $36.00 price target (down previously from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Newfield Exploration from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub cut shares of Newfield Exploration from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Stifel Nicolaus set a $37.00 price objective on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, August 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $38.62.
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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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