LSV Asset Management lifted its position in Newfield Exploration Co. (NYSE:NFX) by 604.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,569,375 shares of the energy company’s stock after acquiring an additional 4,779,275 shares during the quarter. LSV Asset Management owned approximately 2.79% of Newfield Exploration worth $168,473,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Scout Investments Inc. lifted its position in Newfield Exploration by 153.8% in the 2nd quarter. Scout Investments Inc. now owns 2,700,782 shares of the energy company’s stock worth $81,699,000 after buying an additional 1,636,795 shares in the last quarter. Millennium Management LLC lifted its position in Newfield Exploration by 113.7% in the 1st quarter. Millennium Management LLC now owns 1,653,764 shares of the energy company’s stock worth $40,385,000 after buying an additional 879,938 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Newfield Exploration by 784.4% in the 1st quarter. Point72 Asset Management L.P. now owns 884,383 shares of the energy company’s stock worth $21,597,000 after buying an additional 784,383 shares in the last quarter. Victory Capital Management Inc. lifted its position in Newfield Exploration by 957.3% in the 2nd quarter. Victory Capital Management Inc. now owns 722,392 shares of the energy company’s stock worth $21,853,000 after buying an additional 654,070 shares in the last quarter. Finally, Carillon Tower Advisers Inc. purchased a new stake in Newfield Exploration in the 1st quarter worth approximately $15,839,000. Institutional investors and hedge funds own 98.83% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus set a $43.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Monday, April 23rd. B. Riley increased their target price on shares of Newfield Exploration from $36.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, June 11th. ValuEngine downgraded shares of Newfield Exploration from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, July 16th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Newfield Exploration in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. Newfield Exploration presently has an average rating of “Hold” and a consensus price target of $37.50.

Shares of NFX opened at $26.36 on Friday. Newfield Exploration Co. has a 12 month low of $22.72 and a 12 month high of $35.20. The firm has a market cap of $5.57 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 0.66 and a beta of 1.47. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings results on Tuesday, July 31st. The energy company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.12. Newfield Exploration had a net margin of 17.53% and a return on equity of 41.07%. The company had revenue of $679.00 million for the quarter, compared to analyst estimates of $619.07 million. During the same quarter in the prior year, the business posted $0.43 EPS. Newfield Exploration’s quarterly revenue was up 68.9% on a year-over-year basis. equities research analysts forecast that Newfield Exploration Co. will post 3.41 earnings per share for the current fiscal year.

About Newfield Exploration

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.

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

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