Newfield Exploration Company (NFX) Shares Bought by Pegasus Partners Ltd.
Pegasus Partners Ltd. raised its stake in shares of Newfield Exploration Company (NYSE:NFX) by 67.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,816 shares of the energy company’s stock after buying an additional 54,504 shares during the period. Pegasus Partners Ltd. owned approximately 0.07% of Newfield Exploration worth $4,000,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in Newfield Exploration by 1.7% during the 3rd quarter. Legal & General Group Plc now owns 942,162 shares of the energy company’s stock valued at $27,951,000 after buying an additional 15,329 shares during the period. Fernwood Investment Management LLC grew its stake in shares of Newfield Exploration by 7.2% in the 3rd quarter. Fernwood Investment Management LLC now owns 34,400 shares of the energy company’s stock worth $1,021,000 after purchasing an additional 2,300 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Newfield Exploration by 7.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 224,130 shares of the energy company’s stock worth $6,612,000 after purchasing an additional 14,803 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Newfield Exploration by 4.4% in the 3rd quarter. Nordea Investment Management AB now owns 115,982 shares of the energy company’s stock worth $3,441,000 after purchasing an additional 4,851 shares during the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Newfield Exploration by 15.3% in the 3rd quarter. TD Asset Management Inc. now owns 77,540 shares of the energy company’s stock worth $2,301,000 after purchasing an additional 10,305 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
Newfield Exploration Company (NFX) traded up $0.08 during mid-day trading on Monday, hitting $30.74. 589,200 shares of the company traded hands, compared to its average volume of 2,961,664. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market capitalization of $6,140.00, a PE ratio of 15.29, a P/E/G ratio of 1.27 and a beta of 1.47. Newfield Exploration Company has a twelve month low of $24.41 and a twelve month high of $50.00.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. The business had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. analysts predict that Newfield Exploration Company will post 2.1 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Newfield Exploration in a research note on Tuesday, November 7th. TheStreet raised shares of Newfield Exploration from a “d+” rating to a “c-” rating in a research note on Monday, November 6th. Zacks Investment Research cut shares of Newfield Exploration from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. KeyCorp reaffirmed a “hold” rating on shares of Newfield Exploration in a research note on Monday, November 13th. Finally, SunTrust Banks, Inc. set a $37.00 price objective on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the stock. Newfield Exploration has an average rating of “Buy” and an average price target of $39.05.
In related news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.10, for a total transaction of $349,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Juanita F. Romans sold 3,500 shares of the firm’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 transaction of $105,070.00. Following the sale, the director now owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,500 shares of company stock valued at $1,148,830. 0.54% of the stock is currently owned by corporate insiders.
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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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