Trexquant Investment LP bought a new position in shares of Newfield Exploration Company (NYSE:NFX) during the second quarter, Holdings Channel reports. The fund bought 13,600 shares of the energy company’s stock, valued at approximately $387,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Newfield Exploration by 2,798.4% in the first quarter. BlackRock Inc. now owns 13,788,511 shares of the energy company’s stock worth $508,934,000 after buying an additional 13,312,785 shares during the period. Wellington Management Group LLP boosted its position in shares of Newfield Exploration by 31.1% in the first quarter. Wellington Management Group LLP now owns 27,063,455 shares of the energy company’s stock worth $998,913,000 after buying an additional 6,422,891 shares during the period. Prudential Financial Inc. boosted its position in shares of Newfield Exploration by 45.5% in the first quarter. Prudential Financial Inc. now owns 3,825,967 shares of the energy company’s stock worth $141,216,000 after buying an additional 1,197,112 shares during the period. Vanguard Group Inc. boosted its position in shares of Newfield Exploration by 5.2% in the first quarter. Vanguard Group Inc. now owns 22,916,735 shares of the energy company’s stock worth $845,856,000 after buying an additional 1,131,263 shares during the period. Finally, State Street Corp boosted its position in shares of Newfield Exploration by 10.3% in the first quarter. State Street Corp now owns 11,470,973 shares of the energy company’s stock worth $423,392,000 after buying an additional 1,066,743 shares during the period. 98.33% of the stock is owned by institutional investors.

Newfield Exploration Company (NYSE:NFX) opened at 25.49 on Wednesday. The firm has a 50 day moving average of $27.13 and a 200-day moving average of $33.09. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 16.53 and a beta of 1.48. Newfield Exploration Company has a one year low of $25.03 and a one year high of $50.00.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company had revenue of $402 million during the quarter, compared to analyst estimates of $413.70 million. Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 EPS. Equities research analysts forecast that Newfield Exploration Company will post $1.92 EPS for the current fiscal year.

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NFX has been the subject of a number of recent research reports. Citigroup Inc. dropped their price objective on shares of Newfield Exploration from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Williams Capital reissued a “buy” rating and set a $56.00 price objective on shares of Newfield Exploration in a research note on Wednesday, May 3rd. Credit Suisse Group reissued an “outperform” rating and set a $47.00 price objective on shares of Newfield Exploration in a research note on Friday, June 2nd. J P Morgan Chase & Co reissued an “overweight” rating and set a $42.00 price objective (down from $48.00) on shares of Newfield Exploration in a research note on Monday, June 5th. Finally, Scotiabank reissued a “buy” rating and set a $39.00 price objective on shares of Newfield Exploration in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company. Newfield Exploration has a consensus rating of “Buy” and a consensus target price of $43.21.

In related news, Director Roger B. Plank acquired 3,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $25.98 per share, for a total transaction of $77,940.00. Following the purchase, the director now owns 30,787 shares in the company, valued at $799,846.26. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by corporate 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.

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

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