Van ECK Associates Corp decreased its holdings in shares of Newfield Exploration Company (NYSE:NFX) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,636,667 shares of the energy company’s stock after selling 13,711 shares during the period. Van ECK Associates Corp owned about 1.82% of Newfield Exploration worth $107,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NFX. ING Groep NV lifted its stake in shares of Newfield Exploration by 68.9% during the 3rd quarter. ING Groep NV now owns 17,215 shares of the energy company’s stock valued at $511,000 after buying an additional 7,021 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Newfield Exploration by 28.4% during the 3rd quarter. D.A. Davidson & CO. now owns 11,466 shares of the energy company’s stock valued at $340,000 after buying an additional 2,534 shares in the last quarter. Icon Advisers Inc. Co. lifted its stake in shares of Newfield Exploration by 37.4% during the 3rd quarter. Icon Advisers Inc. Co. now owns 366,600 shares of the energy company’s stock valued at $10,877,000 after buying an additional 99,800 shares in the last quarter. Turner Investments LLC lifted its stake in shares of Newfield Exploration by 72.7% during the 3rd quarter. Turner Investments LLC now owns 9,000 shares of the energy company’s stock valued at $267,000 after buying an additional 3,790 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Newfield Exploration by 720.5% during the 3rd quarter. Pacer Advisors Inc. now owns 33,306 shares of the energy company’s stock valued at $988,000 after buying an additional 29,247 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Newfield Exploration Company (NYSE NFX) traded up $0.48 during mid-day trading on Friday, reaching $30.66. 1,238,500 shares of the company’s stock traded hands, compared to its average volume of 2,972,162. The stock has a market cap of $6,120.31, a PE ratio of 15.25, a P/E/G ratio of 1.27 and a beta of 1.47. Newfield Exploration Company has a 1-year low of $24.41 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17.

Newfield Exploration (NYSE:NFX) last announced 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 for 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 business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. research analysts forecast that Newfield Exploration Company will post 2.09 EPS for the current fiscal year.

In other news, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $26.18, for a total transaction of $314,160.00. Following the sale, the insider now directly owns 279,322 shares in the company, valued at approximately $7,312,649.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were 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 in the company, valued at $1,171,800.68. The disclosure for this sale can be found here. Insiders have sold a total of 39,500 shares of company stock worth $1,148,830 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

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A number of research analysts recently weighed in on NFX shares. BidaskClub upgraded shares of Newfield Exploration from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Williams Capital set a $45.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Barclays PLC lowered their target price on shares of Newfield Exploration from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 3rd. BMO Capital Markets restated a “buy” rating and set a $34.00 target price on shares of Newfield Exploration in a research note on Friday, August 4th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $36.00 target price (down previously from $40.00) on shares of Newfield Exploration in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $39.00.

About Newfield Exploration

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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