California Public Employees Retirement System increased its stake in Newfield Exploration Company (NYSE:NFX) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 390,100 shares of the energy company’s stock after acquiring an additional 8,500 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Newfield Exploration worth $11,102,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFX. UBS Asset Management Americas Inc. boosted its position in shares of Newfield Exploration by 4.7% in the first quarter. UBS Asset Management Americas Inc. now owns 506,734 shares of the energy company’s stock worth $18,704,000 after acquiring an additional 22,660 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Newfield Exploration in the first quarter worth approximately $175,000. Mason Street Advisors LLC boosted its position in shares of Newfield Exploration by 1.9% in the first quarter. Mason Street Advisors LLC now owns 27,484 shares of the energy company’s stock worth $1,014,000 after acquiring an additional 502 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Newfield Exploration by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock worth $138,000 after acquiring an additional 121 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of Newfield Exploration by 17.0% in the first quarter. M&T Bank Corp now owns 13,434 shares of the energy company’s stock worth $496,000 after acquiring an additional 1,954 shares during the last quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on NFX shares. Jefferies Group LLC reissued a “buy” rating and issued a $46.00 target price on shares of Newfield Exploration in a research report on Thursday, July 6th. Zacks Investment Research cut shares of Newfield Exploration from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Citigroup Inc. decreased their target price on shares of Newfield Exploration from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. J P Morgan Chase & Co reissued an “overweight” rating and issued a $36.00 target price (down from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $42.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $41.14.

In other news, insider Lee K. Boothby sold 12,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $26.18, for a total value of $314,160.00. Following the completion of the sale, the insider now directly owns 279,322 shares of the company’s stock, valued at $7,312,649.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roger B. Plank acquired 3,000 shares of Newfield Exploration stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost 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 currently owned by corporate insiders.

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Shares of Newfield Exploration Company (NYSE:NFX) opened at 30.25 on Friday. The company has a 50 day moving average of $27.28 and a 200-day moving average of $30.23. Newfield Exploration Company has a 52 week low of $24.41 and a 52 week high of $50.00. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 19.62 and a beta of 1.53.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $413.70 million. During the same period in the prior year, the company posted $0.32 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that Newfield Exploration Company will post $1.88 earnings per share for the current fiscal year.

Newfield Exploration Company 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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