Artemis Investment Management LLP Has $1.13 Million Holdings in Newfield Exploration Company (NFX)
Artemis Investment Management LLP cut its holdings in Newfield Exploration Company (NYSE:NFX) by 24.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,104 shares of the energy company’s stock after selling 12,221 shares during the period. Artemis Investment Management LLP’s holdings in Newfield Exploration were worth $1,130,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of NFX. PNC Financial Services Group Inc. raised its stake in Newfield Exploration by 29.1% in the first quarter. PNC Financial Services Group Inc. now owns 15,980 shares of the energy company’s stock valued at $590,000 after buying an additional 3,602 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Newfield Exploration by 5.5% in the first quarter. Thrivent Financial For Lutherans now owns 7,300 shares of the energy company’s stock valued at $269,000 after buying an additional 380 shares in the last quarter. Morgan Stanley raised its stake in Newfield Exploration by 76.5% in the first quarter. Morgan Stanley now owns 681,692 shares of the energy company’s stock valued at $25,161,000 after buying an additional 295,510 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in Newfield Exploration in the first quarter valued at $905,000. Finally, HighTower Advisors LLC raised its stake in Newfield Exploration by 6.5% in the first quarter. HighTower Advisors LLC now owns 19,406 shares of the energy company’s stock valued at $715,000 after buying an additional 1,187 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.
Shares of Newfield Exploration Company (NFX) opened at $30.66 on Friday. The firm has a market cap of $6,120.32, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.31 and a beta of 1.47. The company has a quick ratio of 1.27, a current ratio of 1.17 and a debt-to-equity ratio of 1.87.
Newfield Exploration (NYSE:NFX) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating the Zacks’ 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 analyst estimates of $419.75 million. During the same quarter in the previous year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. analysts predict that Newfield Exploration Company will post 2.04 earnings per share for the current year.
NFX has been the topic of a number of analyst reports. Citigroup Inc. cut their price target on Newfield Exploration from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 price target on shares of Newfield Exploration in a research note on Thursday, July 20th. Cowen and Company set a $35.00 price target on Newfield Exploration and gave the company a “buy” rating in a research note on Tuesday, July 18th. Williams Capital set a $45.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $34.00 target price on shares of Newfield Exploration in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. Newfield Exploration presently has a consensus rating of “Buy” and a consensus target price of $39.35.
In other Newfield Exploration news, Director Roger B. Plank acquired 3,000 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average price of $25.98 per share, with a total value of $77,940.00. Following the acquisition, the director now owns 30,787 shares of the company’s stock, valued at $799,846.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.10, for a total value of $349,200.00. The disclosure for this sale can be found here. Insiders sold a total of 36,000 shares of company stock worth $1,043,760 in the last ninety days. 0.54% of the stock is owned by corporate insiders.
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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