Swiss National Bank lifted its position in shares of Newfield Exploration Company (NYSE:NFX) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 724,900 shares of the energy company’s stock after purchasing an additional 20,200 shares during the period. Swiss National Bank owned 0.36% of Newfield Exploration worth $20,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nationwide Fund Advisors grew its position in Newfield Exploration by 8.8% during the first quarter. Nationwide Fund Advisors now owns 59,026 shares of the energy company’s stock worth $2,179,000 after buying an additional 4,786 shares in the last quarter. Strs Ohio grew its position in Newfield Exploration by 11.4% during the first quarter. Strs Ohio now owns 14,919 shares of the energy company’s stock worth $550,000 after buying an additional 1,521 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in Newfield Exploration by 2.7% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,253 shares of the energy company’s stock worth $599,000 after buying an additional 431 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Newfield Exploration by 141.2% during the first quarter. Canada Pension Plan Investment Board now owns 23,400 shares of the energy company’s stock worth $864,000 after buying an additional 13,700 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Newfield Exploration by 3.7% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,001 shares of the energy company’s stock worth $1,181,000 after buying an additional 1,149 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

A number of equities research analysts recently issued reports on the company. J P Morgan Chase & Co reissued an “overweight” rating and set a $36.00 price target (down previously from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. BidaskClub downgraded Newfield Exploration from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Jefferies Group LLC set a $40.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Barclays PLC reduced their price target on Newfield Exploration from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus set a $37.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the stock. Newfield Exploration currently has an average rating of “Buy” and a consensus target price of $42.05.

Newfield Exploration Company (NYSE NFX) opened at 24.80 on Monday. The stock has a 50 day moving average price of $26.25 and a 200-day moving average price of $31.29. Newfield Exploration Company has a 52 week low of $24.41 and a 52 week high of $50.00. The company has a market capitalization of $4.90 billion, a PE ratio of 16.08 and a beta of 1.49.

Newfield Exploration (NYSE:NFX) last announced its earnings results on Tuesday, August 1st. The energy company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.01. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The company had revenue of $402 million during the quarter, compared to analysts’ expectations of $413.70 million. During the same quarter last year, the firm posted $0.32 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Newfield Exploration Company will post $1.87 earnings per share for the current fiscal year.

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In related news, Director Roger B. Plank bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $25.98 per share, for a total transaction of $77,940.00. Following the completion of the transaction, the director now owns 30,787 shares of the company’s stock, valued at $799,846.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $26.18, for a total transaction of $314,160.00. Following the completion of the transaction, the insider now owns 279,322 shares of the company’s stock, valued at $7,312,649.96. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

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.

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

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