Swiss National Bank boosted its position in shares of Newfield Exploration Co. (NYSE:NFX) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 734,900 shares of the energy company’s stock after purchasing an additional 2,700 shares during the period. Swiss National Bank owned about 0.37% of Newfield Exploration worth $23,171,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Creative Planning bought a new position in Newfield Exploration during the 4th quarter valued at about $1,394,000. Neuberger Berman Group LLC grew its holdings in Newfield Exploration by 52.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 12,588 shares of the energy company’s stock valued at $373,000 after purchasing an additional 4,345 shares during the last quarter. California Public Employees Retirement System grew its holdings in Newfield Exploration by 9.1% during the 3rd quarter. California Public Employees Retirement System now owns 425,649 shares of the energy company’s stock valued at $12,629,000 after purchasing an additional 35,549 shares during the last quarter. US Bancorp DE grew its holdings in Newfield Exploration by 47.0% during the 4th quarter. US Bancorp DE now owns 46,199 shares of the energy company’s stock valued at $1,457,000 after purchasing an additional 14,773 shares during the last quarter. Finally, Guinness Asset Management Ltd grew its holdings in Newfield Exploration by 1.2% during the 4th quarter. Guinness Asset Management Ltd now owns 329,875 shares of the energy company’s stock valued at $10,401,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 99.82% of the company’s stock.
Several equities analysts recently commented on NFX shares. Credit Suisse Group started coverage on shares of Newfield Exploration in a report on Monday, December 11th. They set a “neutral” rating and a $30.00 price target on the stock. Williams Capital set a $50.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. downgraded shares of Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Friday, December 15th. Piper Jaffray Companies restated a “buy” rating and issued a $48.00 target price on shares of Newfield Exploration in a research note on Tuesday, January 9th. Finally, Bank of America upgraded shares of Newfield Exploration from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $37.59.
Shares of Newfield Exploration Co. (NYSE NFX) opened at $23.50 on Wednesday. Newfield Exploration Co. has a 52-week low of $22.72 and a 52-week high of $37.61. The firm has a market cap 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 (NYSE:NFX) last announced its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. The firm had revenue of $509.00 million during the quarter, compared to analysts’ expectations of $497.95 million. During the same quarter in the prior year, the company earned $0.49 EPS. The company’s revenue was up 22.7% compared to the same quarter last year. research analysts expect that Newfield Exploration Co. will post 2.94 earnings per share for the current fiscal year.
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About Newfield Exploration
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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