Bessemer Group Inc. raised its stake in Newfield Exploration Company (NYSE:NFX) by 43.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,172 shares of the energy company’s stock after purchasing an additional 16,059 shares during the period. Bessemer Group Inc.’s holdings in Newfield Exploration were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Swiss National Bank raised its position in Newfield Exploration by 1.0% in the 3rd quarter. Swiss National Bank now owns 732,200 shares of the energy company’s stock valued at $21,724,000 after purchasing an additional 7,300 shares in the last quarter. Scout Investments Inc. acquired a new stake in Newfield Exploration in the 3rd quarter valued at about $5,643,000. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in Newfield Exploration by 4.0% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 181,795 shares of the energy company’s stock valued at $5,394,000 after purchasing an additional 6,950 shares in the last quarter. Boston Partners raised its position in Newfield Exploration by 0.9% in the 3rd quarter. Boston Partners now owns 5,627,037 shares of the energy company’s stock valued at $166,954,000 after purchasing an additional 51,835 shares in the last quarter. Finally, Keybank National Association OH acquired a new stake in Newfield Exploration in the 3rd quarter valued at about $350,000. 98.76% of the stock is currently owned by institutional investors.
In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of Newfield Exploration stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the transaction, the director now directly owns 39,034 shares in the company, valued at approximately $1,171,800.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $26.18, for a total value of $314,160.00. Following the completion of the transaction, the insider now owns 279,322 shares in the company, valued at $7,312,649.96. The disclosure for this sale can be found here. Insiders sold a total of 39,500 shares of company stock worth $1,148,830 over the last quarter. Company insiders own 0.54% of the company’s stock.
Newfield Exploration Company (NFX) opened at $29.82 on Wednesday. Newfield Exploration Company has a 12 month low of $24.41 and a 12 month high of $50.00. The firm has a market capitalization of $6,405.77, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 1.35 and a beta of 1.47. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87.
Newfield Exploration (NYSE:NFX) last announced its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up 12.0% on a year-over-year basis. equities research analysts predict that Newfield Exploration Company will post 2.06 earnings per share for the current fiscal year.
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A number of research firms have issued reports on NFX. BidaskClub raised Newfield Exploration from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. BMO Capital Markets set a $34.00 price target on Newfield Exploration and gave the company a “hold” rating in a research report on Tuesday. KeyCorp reaffirmed a “hold” rating on shares of Newfield Exploration in a research report on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $39.00 price target on shares of Newfield Exploration in a research report on Tuesday, November 7th. Finally, Zacks Investment Research lowered Newfield Exploration from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the company. Newfield Exploration presently has an average rating of “Buy” and a consensus price target of $38.96.
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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