B & T Capital Management DBA Alpha Capital Management cut its stake in shares of Newfield Exploration Company (NYSE:NFX) by 39.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,433 shares of the energy company’s stock after selling 14,584 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Newfield Exploration Company were worth $909,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its position in Newfield Exploration Company by 203.6% in the third quarter. Advisors Asset Management Inc. now owns 2,732 shares of the energy company’s stock valued at $119,000 after buying an additional 1,832 shares in the last quarter. Massey Quick & Co. LLC purchased a new position in Newfield Exploration Company during the fourth quarter valued at $122,000. Virtus Investment Advisers Inc. purchased a new position in Newfield Exploration Company during the third quarter valued at $124,000. Dreman Value Management L L C purchased a new position in Newfield Exploration Company during the third quarter valued at $153,000. Finally, Victory Capital Management Inc. boosted its position in Newfield Exploration Company by 51.0% in the third quarter. Victory Capital Management Inc. now owns 3,791 shares of the energy company’s stock valued at $165,000 after buying an additional 1,281 shares in the last quarter. 96.67% of the stock is owned by institutional investors and hedge funds.

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

Newfield Exploration Company (NYSE:NFX) traded down 2.39% during mid-day trading on Thursday, hitting $42.14. The stock had a trading volume of 1,684,660 shares. The company’s 50 day moving average price is $41.62 and its 200 day moving average price is $42.80. Newfield Exploration Company has a 52 week low of $20.84 and a 52 week high of $50.00. The firm’s market cap is $8.31 billion.

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NFX has been the subject of several analyst reports. Citigroup Inc. raised shares of Newfield Exploration Company from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 4th. Vetr raised shares of Newfield Exploration Company from a “strong sell” rating to a “buy” rating and set a $48.08 target price for the company in a research note on Monday, December 5th. Societe Generale raised shares of Newfield Exploration Company from a “hold” rating to a “buy” rating in a research note on Thursday, November 10th. Nomura reissued a “buy” rating and issued a $47.00 target price on shares of Newfield Exploration Company in a research note on Monday, November 7th. Finally, Zacks Investment Research raised shares of Newfield Exploration Company from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, November 4th. Seven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Newfield Exploration Company has a consensus rating of “Buy” and an average price target of $48.93.

In other news, insider Lee K. Boothby sold 30,000 shares of the stock in a transaction on Wednesday, December 28th. The stock was sold at an average price of $41.72, for a total transaction of $1,251,600.00. Following the completion of the transaction, the insider now owns 260,162 shares in the company, valued at approximately $10,853,958.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

About Newfield Exploration Company

Newfield Exploration Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs). The Company’s operations are focused primarily on large scale, onshore liquids-rich resource plays in the United States. Its segments are the United States and China.

5 Day Chart for NYSE:NFX

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