CENTRAL TRUST Co lowered its stake in Newfield Exploration Company (NYSE:NFX) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,493 shares of the energy company’s stock after selling 835 shares during the period. CENTRAL TRUST Co’s holdings in Newfield Exploration were worth $270,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in Newfield Exploration during the fourth quarter valued at about $235,000. Kentucky Retirement Systems bought a new stake in Newfield Exploration during the fourth quarter valued at about $580,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Newfield Exploration during the fourth quarter valued at about $259,000. Highbridge Capital Management LLC raised its stake in Newfield Exploration by 839.1% in the fourth quarter. Highbridge Capital Management LLC now owns 72,931 shares of the energy company’s stock valued at $2,954,000 after buying an additional 65,165 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Newfield Exploration by 10.9% in the fourth quarter. Macquarie Group Ltd. now owns 412,371 shares of the energy company’s stock valued at $16,701,000 after buying an additional 40,500 shares during the last quarter. Institutional investors and hedge funds own 99.07% of the company’s stock.

Shares of Newfield Exploration Company (NYSE:NFX) opened at 26.90 on Tuesday. Newfield Exploration Company has a 1-year low of $25.46 and a 1-year high of $50.00. The firm’s 50-day moving average price is $31.11 and its 200 day moving average price is $36.75. The company’s market capitalization is $5.30 billion.

Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, May 2nd. The energy company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.12. Newfield Exploration had a positive return on equity of 33.87% and a negative net margin of 28.60%. The firm had revenue of $417 million for the quarter, compared to analyst estimates of $425.44 million. Equities analysts predict that Newfield Exploration Company will post $2.15 EPS for the current fiscal year.

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Several analysts recently issued reports on NFX shares. Scotiabank set a $46.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Monday, March 27th. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 target price on shares of Newfield Exploration in a report on Wednesday, April 12th. Barclays PLC reiterated an “equal weight” rating and set a $33.00 target price (down previously from $39.00) on shares of Newfield Exploration in a report on Saturday, April 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 target price on shares of Newfield Exploration in a report on Tuesday, April 25th. Finally, Williams Capital reiterated a “buy” rating and set a $56.00 target price on shares of Newfield Exploration in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.50.

In other news, insider Lee K. Boothby sold 9,000 shares of Newfield Exploration stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $34.57, for a total transaction of $311,130.00. Following the sale, the insider now owns 335,047 shares of the company’s stock, valued at approximately $11,582,574.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

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

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