Janus Henderson Group PLC Boosts Holdings in Newfield Exploration Co. (NFX)
Janus Henderson Group PLC raised its position in Newfield Exploration Co. (NYSE:NFX) by 3,994.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,899,262 shares of the energy company’s stock after purchasing an additional 1,852,876 shares during the period. Janus Henderson Group PLC owned about 0.95% of Newfield Exploration worth $56,351,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in shares of Newfield Exploration during the second quarter valued at $42,542,000. FMR LLC boosted its stake 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 during the last quarter. Prudential Financial Inc. boosted its stake in shares of Newfield Exploration by 26.9% during the third quarter. Prudential Financial Inc. now owns 4,114,290 shares of the energy company’s stock valued at $122,071,000 after acquiring an additional 872,434 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Newfield Exploration by 70.3% during the third quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock valued at $62,209,000 after acquiring an additional 869,092 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 during the last quarter. 99.83% of the stock is currently owned by institutional investors.
NFX has been the topic of a number of analyst reports. Scotiabank set a $39.00 price objective on Newfield Exploration and gave the company a “buy” rating in a research note on Saturday, November 25th. Jefferies Group reaffirmed a “buy” rating and set a $39.00 price objective on shares of Newfield Exploration in a research note on Thursday, October 12th. Stifel Nicolaus set a $37.00 price objective on Newfield Exploration and gave the company a “buy” rating in a research note on Thursday, October 5th. KeyCorp reaffirmed a “hold” rating on shares of Newfield Exploration in a research note on Thursday, October 12th. Finally, Williams Capital set a $46.00 price objective on Newfield Exploration and gave the company a “buy” rating in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $37.86.
Newfield Exploration Co. (NYSE NFX) opened at $27.81 on Monday. Newfield Exploration Co. has a 12-month low of $24.41 and a 12-month high of $45.53. The firm has a market capitalization of $5,550.00, a PE ratio of 13.84, a P/E/G ratio of 1.14 and a beta of 1.44. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17.
Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share 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 firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. During the same period in the prior year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. analysts predict that Newfield Exploration Co. will post 2.11 EPS for the current fiscal year.
In other news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.10, for a total value of $349,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Juanita F. Romans sold 3,500 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 39,034 shares in the company, valued at $1,171,800.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,500 shares of company stock worth $1,210,270. Company 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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