Newfield Exploration Co. (NFX) Holdings Cut by BB&T Securities LLC

BB&T Securities LLC trimmed its holdings in shares of Newfield Exploration Co. (NYSE:NFX) by 28.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,007 shares of the energy company’s stock after selling 32,258 shares during the period. BB&T Securities LLC’s holdings in Newfield Exploration were worth $2,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. HBK Investments L P increased its position in shares of Newfield Exploration by 11.9% during the fourth quarter. HBK Investments L P now owns 18,131 shares of the energy company’s stock worth $572,000 after purchasing an additional 1,932 shares in the last quarter. Amalgamated Bank increased its position in shares of Newfield Exploration by 5.3% during the fourth quarter. Amalgamated Bank now owns 41,413 shares of the energy company’s stock worth $1,306,000 after purchasing an additional 2,095 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Newfield Exploration by 1.2% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 173,732 shares of the energy company’s stock worth $5,155,000 after purchasing an additional 2,127 shares in the last quarter. Fernwood Investment Management LLC increased its position in shares of Newfield Exploration by 7.2% during the third quarter. Fernwood Investment Management LLC now owns 34,400 shares of the energy company’s stock worth $1,021,000 after purchasing an additional 2,300 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Newfield Exploration by 28.4% during the third quarter. D.A. Davidson & CO. now owns 11,466 shares of the energy company’s stock worth $340,000 after purchasing an additional 2,534 shares in the last quarter. Institutional investors and hedge funds own 99.82% of the company’s stock.

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Newfield Exploration stock opened at $24.36 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.89 and a current ratio of 0.91. Newfield Exploration Co. has a 52-week low of $22.72 and a 52-week high of $37.61. The stock has a market capitalization of $4,845.27, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 0.62 and a beta of 1.57.

Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, February 20th. The energy company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.11. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. The company had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $497.95 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. sell-side analysts forecast that Newfield Exploration Co. will post 2.98 earnings per share for the current fiscal year.

In other Newfield Exploration news, Director Thomas G. Ricks bought 8,250 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were bought at an average price of $23.78 per share, for a total transaction of $196,185.00. Following the transaction, the director now owns 66,447 shares of the company’s stock, valued at approximately $1,580,109.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total value of $382,080.00. Following the transaction, the chief executive officer now owns 223,235 shares in the company, valued at approximately $7,107,802.40. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

A number of analysts have recently commented on the company. KLR Group cut Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Tuesday, January 23rd. Zacks Investment Research cut Newfield Exploration from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Jefferies Group set a $35.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, February 23rd. BMO Capital Markets reiterated a “market perform” rating and set a $29.00 target price (down previously from $36.00) on shares of Newfield Exploration in a research report on Friday, February 23rd. Finally, Stifel Nicolaus set a $45.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Newfield Exploration currently has a consensus rating of “Buy” and a consensus target price of $37.55.

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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.

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

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