Mesirow Financial Investment Management Equity Management increased its position in Newfield Exploration Company (NYSE:NFX) by 35.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,885 shares of the energy company’s stock after purchasing an additional 13,285 shares during the quarter. Mesirow Financial Investment Management Equity Management’s holdings in Newfield Exploration were worth $1,509,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in Newfield Exploration by 8.5% in the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock worth $116,000 after purchasing an additional 319 shares during the period. Dupont Capital Management Corp bought a new position in Newfield Exploration in the second quarter worth $131,000. Riverhead Capital Management LLC lifted its position in Newfield Exploration by 17.1% in the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock worth $197,000 after purchasing an additional 1,013 shares during the period. Koch Industries Inc. bought a new position in Newfield Exploration in the second quarter worth $209,000. Finally, Thrivent Financial For Lutherans lifted its position in Newfield Exploration by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after purchasing an additional 230 shares during the period. 99.15% of the stock is owned by hedge funds and other institutional investors.

In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the 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 Securities & Exchange Commission, which is available through this link. Also, Director Roger B. Plank bought 3,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $25.98 per share, with a total value of $77,940.00. Following the completion of the transaction, the director now directly owns 30,787 shares of the company’s stock, valued at approximately $799,846.26. The disclosure for this purchase can be found here. 0.54% of the stock is owned by corporate insiders.

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Several brokerages recently commented on NFX. Williams Capital set a $46.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday. SunTrust Banks, Inc. set a $37.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank reaffirmed a “buy” rating and issued a $38.00 target price on shares of Newfield Exploration in a research report on Wednesday. Barclays PLC raised their target price on Newfield Exploration from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Stifel Nicolaus set a $37.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. Newfield Exploration currently has a consensus rating of “Buy” and an average target price of $39.35.

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, topping the 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 during the quarter, compared to the consensus estimate of $419.75 million. During the same period in the prior year, the company earned $0.45 EPS. Newfield Exploration’s revenue for the quarter was up 12.0% on a year-over-year basis.

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.

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

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