Great West Life Assurance Co. Can Purchases 14,803 Shares of Newfield Exploration Company (NFX)
Great West Life Assurance Co. Can boosted its position in Newfield Exploration Company (NYSE:NFX) by 7.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 224,130 shares of the energy company’s stock after purchasing an additional 14,803 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.11% of Newfield Exploration worth $6,612,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Newfield Exploration by 3.3% during the second quarter. Vanguard Group Inc. now owns 23,677,528 shares of the energy company’s stock valued at $673,862,000 after acquiring an additional 760,793 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Newfield Exploration by 0.4% during the second quarter. BlackRock Inc. now owns 13,843,741 shares of the energy company’s stock valued at $393,993,000 after acquiring an additional 55,230 shares in the last quarter. State Street Corp increased its holdings in shares of Newfield Exploration by 5.6% during the second quarter. State Street Corp now owns 12,109,780 shares of the energy company’s stock valued at $344,646,000 after acquiring an additional 638,807 shares in the last quarter. FMR LLC increased its holdings in shares of Newfield Exploration by 9.9% during the second quarter. FMR LLC now owns 10,459,662 shares of the energy company’s stock valued at $297,683,000 after acquiring an additional 938,740 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of Newfield Exploration by 0.9% during the third quarter. Boston Partners now owns 5,627,037 shares of the energy company’s stock valued at $166,954,000 after acquiring an additional 51,835 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.
In other Newfield Exploration news, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $31.70, for a total value of $380,400.00. Following the sale, the chief executive officer now owns 255,322 shares in the company, valued at approximately $8,093,707.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the completion of the sale, the director now owns 39,034 shares in the company, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,500 shares of company stock worth $1,210,270. Insiders own 0.54% of the company’s stock.
Several research firms have recently issued reports on NFX. Piper Jaffray Companies cut their price objective on shares of Newfield Exploration from $53.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. BMO Capital Markets set a $34.00 price objective on shares of Newfield Exploration and gave the company a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Jefferies Group set a $40.00 target price on Newfield Exploration and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Stifel Nicolaus set a $37.00 target price on Newfield Exploration and gave the company a “buy” rating in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. Newfield Exploration presently has an average rating of “Buy” and a consensus price target of $38.62.
Newfield Exploration Company (NYSE:NFX) traded up $0.42 during trading on Friday, reaching $28.86. The company’s stock had a trading volume of 1,896,400 shares, compared to its average volume of 2,923,672. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. Newfield Exploration Company has a 1-year low of $24.41 and a 1-year high of $50.00. The stock has a market cap of $5,677.16, a price-to-earnings ratio of 14.15, a PEG ratio of 1.17 and a beta of 1.44.
Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $439.00 million for the quarter, compared to analyst estimates of $419.75 million. During the same quarter in the prior year, the firm posted $0.45 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side analysts forecast that Newfield Exploration Company will post 2.1 earnings per share for the current fiscal year.
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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