Waverton Investment Management Ltd increased its position in Newfield Exploration Co. (NYSE:NFX) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,452 shares of the energy company’s stock after buying an additional 1,041 shares during the period. Waverton Investment Management Ltd’s holdings in Newfield Exploration were worth $300,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of NFX. Csenge Advisory Group bought a new position in Newfield Exploration in the 3rd quarter worth $112,000. Rehmann Capital Advisory Group boosted its holdings in shares of Newfield Exploration by 435.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 7,003 shares of the energy company’s stock valued at $202,000 after purchasing an additional 5,695 shares during the last quarter. Algert Global LLC bought a new position in shares of Newfield Exploration during the 3rd quarter valued at about $208,000. Piedmont Investment Advisors Inc. boosted its holdings in shares of Newfield Exploration by 215.8% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 7,298 shares of the energy company’s stock valued at $210,000 after purchasing an additional 4,987 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Newfield Exploration by 588.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 55,219 shares of the energy company’s stock valued at $228,000 after purchasing an additional 47,198 shares during the last quarter. 97.64% of the stock is owned by institutional investors.
Several research analysts have commented on NFX shares. Edward Jones downgraded shares of Newfield Exploration to a “hold” rating in a report on Friday, November 2nd. ValuEngine downgraded shares of Newfield Exploration from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Capital One Financial downgraded shares of Newfield Exploration from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. SunTrust Banks dropped their price objective on shares of Newfield Exploration from $30.00 to $23.00 and set a “hold” rating for the company in a report on Monday, October 29th. Finally, Morgan Stanley set a $31.00 price objective on shares of Newfield Exploration and gave the company a “hold” rating in a report on Friday, October 12th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. Newfield Exploration has a consensus rating of “Hold” and an average price target of $31.94.
Shares of NYSE NFX traded up $0.39 during mid-day trading on Monday, hitting $17.94. 80,027 shares of the company’s stock traded hands, compared to its average volume of 9,001,813. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.30. Newfield Exploration Co. has a 1 year low of $12.45 and a 1 year high of $35.12. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 0.32 and a beta of 1.65.
Newfield Exploration (NYSE:NFX) last issued its earnings results on Wednesday, October 31st. The energy company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.15. The business had revenue of $711.00 million for the quarter, compared to analyst estimates of $661.27 million. Newfield Exploration had a net margin of 21.14% and a return on equity of 43.65%. The company’s quarterly revenue was up 62.0% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. On average, equities analysts predict that Newfield Exploration Co. will post 3.58 EPS for the current fiscal year.
About Newfield Exploration
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.
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