Essex Investment Management Co. LLC lifted its holdings in shares of Newfield Exploration Co. (NYSE:NFX) by 145.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 39,024 shares of the energy company’s stock after purchasing an additional 23,123 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Newfield Exploration were worth $1,230,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tiedemann Wealth Management LLC lifted its holdings in shares of Newfield Exploration by 36.0% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock worth $148,000 after acquiring an additional 7,664 shares during the period. Koch Industries Inc. bought a new position in shares of Newfield Exploration during the 2nd quarter worth about $209,000. Vident Investment Advisory LLC bought a new position in shares of Newfield Exploration during the 3rd quarter worth about $212,000. Thrivent Financial For Lutherans lifted its holdings in shares of Newfield Exploration by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after acquiring an additional 230 shares during the period. Finally, MAI Capital Management bought a new position in shares of Newfield Exploration during the 4th quarter worth about $240,000. 99.53% of the stock is owned by institutional investors.

Shares of Newfield Exploration Co. (NFX) opened at $28.53 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15. The firm has a market cap of $5,916.70, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.63 and a beta of 1.35. Newfield Exploration Co. has a 1 year low of $24.41 and a 1 year high of $43.74.

NFX has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on shares of Newfield Exploration in a report on Monday, December 11th. They set a “neutral” rating and a $30.00 price objective for the company. Jefferies Group reaffirmed a “buy” rating and set a $39.00 price objective on shares of Newfield Exploration in a report on Thursday, October 12th. Barclays raised their price objective on shares of Newfield Exploration from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 11th. Morgan Stanley lifted their price target on shares of Newfield Exploration from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. Newfield Exploration currently has a consensus rating of “Buy” and a consensus target price of $39.48.

In other Newfield Exploration news, CEO Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $31.84, for a total value of $382,080.00. Following the completion of the sale, the chief executive officer now owns 223,235 shares in the company, valued at approximately $7,107,802.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 36,000 shares of company stock valued at $1,138,680 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

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

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