Highbridge Capital Management LLC decreased its position in Newfield Exploration Company (NYSE:NFX) by 33.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,350 shares of the energy company’s stock after selling 24,581 shares during the period. Highbridge Capital Management LLC’s holdings in Newfield Exploration Company were worth $1,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Management Co. LLC boosted its position in shares of Newfield Exploration Company by 30.5% in the first quarter. Global X Management Co. LLC now owns 3,311 shares of the energy company’s stock worth $122,000 after buying an additional 774 shares during the period. Pacer Advisors Inc. raised its stake in shares of Newfield Exploration Company 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 buying an additional 121 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Newfield Exploration Company during the first quarter worth about $175,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of 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 worth $183,000 after buying an additional 310 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Newfield Exploration Company during the first quarter worth about $208,000. 99.04% of the stock is owned by institutional investors and hedge funds.

Newfield Exploration Company (NYSE:NFX) traded up 0.47% during trading on Monday, hitting $27.67. 174,663 shares of the company traded hands. The firm’s market cap is $5.46 billion. Newfield Exploration Company has a one year low of $27.40 and a one year high of $50.00. The firm has a 50 day moving average of $32.48 and a 200 day moving average of $37.59.

Newfield Exploration Company (NYSE:NFX) last posted its earnings results on Tuesday, May 2nd. The energy company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.12. The company had revenue of $417 million during the quarter, compared to the consensus estimate 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, analysts expect that Newfield Exploration Company will post $2.31 earnings per share for the current fiscal year.

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A number of analysts recently issued reports on NFX shares. KLR Group upgraded shares of Newfield Exploration Company from a “hold” rating to a “buy” rating in a research report on Monday, May 15th. Stifel Nicolaus restated a “buy” rating and set a $48.00 target price on shares of Newfield Exploration Company in a research report on Wednesday, April 12th. Scotiabank set a $46.00 target price on shares of Newfield Exploration Company and gave the stock a “buy” rating in a research report on Monday, March 27th. Deutsche Bank AG raised their target price on shares of Newfield Exploration Company from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, March 7th. Finally, BMO Capital Markets set a $40.00 target price on shares of Newfield Exploration Company and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $47.56.

In other Newfield Exploration Company 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 completion of the sale, the insider now directly owns 335,047 shares of the company’s stock, valued at $11,582,574.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

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

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