Schroder Investment Management Group trimmed its position in Newfield Exploration Co. (NYSE:NFX) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,101,330 shares of the energy company’s stock after selling 3,876 shares during the quarter. Schroder Investment Management Group owned 1.05% of Newfield Exploration worth $66,255,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Tiedemann Wealth Management LLC raised its holdings in shares of Newfield Exploration by 36.0% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock valued at $148,000 after buying an additional 7,664 shares during the period. Koch Industries Inc. purchased a new stake in shares of Newfield Exploration during the 2nd quarter valued at about $209,000. Vident Investment Advisory LLC purchased a new stake in shares of Newfield Exploration during the 3rd quarter valued at about $212,000. Thrivent Financial For Lutherans raised its holdings in shares of Newfield Exploration by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after buying an additional 230 shares during the period. Finally, MAI Capital Management purchased a new stake in shares of Newfield Exploration during the 4th quarter valued at about $240,000. Institutional investors own 99.82% of the company’s stock.
NFX has been the topic of several analyst reports. Credit Suisse Group initiated coverage on Newfield Exploration in a report on Monday, December 11th. They set a “neutral” rating and a $30.00 target price on the stock. Williams Capital set a $50.00 price objective on Newfield Exploration and gave the company a “buy” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. lowered Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Friday, December 15th. Piper Jaffray Companies restated a “buy” rating and set a $48.00 price objective on shares of Newfield Exploration in a research note on Tuesday, January 9th. Finally, Bank of America upgraded Newfield Exploration from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $37.59.
Newfield Exploration Co. (NYSE:NFX) opened at $23.50 on Wednesday. The company has a market capitalization of $4,653.53, a P/E ratio of 10.45, a PEG ratio of 0.60 and a beta of 1.57. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.89. Newfield Exploration Co. has a 12-month low of $22.72 and a 12-month high of $37.61.
Newfield Exploration (NYSE:NFX) last issued its earnings results on Tuesday, February 20th. The energy company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.60 by $0.11. The company had revenue of $509.00 million during the quarter, compared to analyst estimates of $497.95 million. Newfield Exploration had a return on equity of 35.57% and a net margin of 24.17%. The business’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. research analysts expect that Newfield Exploration Co. will post 2.94 earnings per share for the current year.
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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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