Newfield Exploration Company (NFX) Stake Boosted by Pacer Advisors Inc.
Pacer Advisors Inc. increased its stake in shares of Newfield Exploration Company (NYSE:NFX) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,740 shares of the energy company’s stock after buying an additional 121 shares during the period. Pacer Advisors Inc.’s holdings in Newfield Exploration Company were worth $138,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in NFX. Ameritas Investment Partners Inc. bought a new position in Newfield Exploration Company during the first quarter valued at about $175,000. Mn Services Vermogensbeheer B.V. increased its position in Newfield Exploration Company by 6.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,316 shares of the energy company’s stock valued at $183,000 after buying an additional 310 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Newfield Exploration Company during the first quarter valued at about $208,000. Daiwa Securities Group Inc. increased its position in Newfield Exploration Company by 14.0% in the first quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the energy company’s stock valued at $210,000 after buying an additional 700 shares in the last quarter. Finally, First Allied Advisory Services Inc. increased its position in Newfield Exploration Company by 19.0% in the fourth quarter. First Allied Advisory Services Inc. now owns 5,746 shares of the energy company’s stock valued at $233,000 after buying an additional 916 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.
Newfield Exploration Company (NFX) opened at 29.33 on Friday. The stock’s market capitalization is $5.78 billion. Newfield Exploration Company has a one year low of $28.69 and a one year high of $50.00. The firm has a 50-day moving average of $32.79 and a 200-day moving average of $37.90.
Newfield Exploration Company (NYSE:NFX) last issued its quarterly earnings results on Tuesday, May 2nd. The energy company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The company had revenue of $417 million during the quarter, compared to analyst estimates of $425.44 million. Newfield Exploration Company had a negative net margin of 28.60% and a positive return on equity of 33.87%. On average, equities research analysts forecast that Newfield Exploration Company will post $2.35 earnings per share for the current year.
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NFX has been the subject of several recent research reports. BidaskClub upgraded shares of Newfield Exploration Company from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Royal Bank Of Canada set a $54.00 target price on shares of Newfield Exploration Company and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Wolfe Research initiated coverage on shares of Newfield Exploration Company in a research note on Thursday. They set an “outperform” rating and a $38.00 target price for the company. Barclays PLC reiterated an “equal weight” rating and set a $33.00 target price (down previously from $39.00) on shares of Newfield Exploration Company in a research note on Saturday, April 22nd. Finally, Scotiabank set a $47.00 target price on shares of Newfield Exploration Company and gave the stock a “buy” rating in a research note on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have assigned a buy rating to the company. Newfield Exploration Company currently has an average rating of “Buy” and an average price target of $48.56.
In related news, insider Lee K. Boothby sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $34.57, for a total value of $311,130.00. Following the sale, the insider now directly owns 335,047 shares in the company, valued at approximately $11,582,574.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.
About Newfield Exploration Company
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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