Dimensional Fund Advisors LP cut its stake in shares of Newfield Exploration Company (NYSE:NFX) by 36.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 694,853 shares of the energy company’s stock after selling 398,186 shares during the period. Dimensional Fund Advisors LP owned about 0.35% of Newfield Exploration worth $25,646,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in 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 valued at $998,913,000 after buying an additional 6,422,891 shares during the period. Prudential Financial Inc. raised its position in Newfield Exploration by 45.5% in the first quarter. Prudential Financial Inc. now owns 3,825,967 shares of the energy company’s stock valued at $141,216,000 after buying an additional 1,197,112 shares during the period. Vanguard Group Inc. raised its position in Newfield Exploration by 5.2% in the first quarter. Vanguard Group Inc. now owns 22,916,735 shares of the energy company’s stock valued at $845,856,000 after buying an additional 1,131,263 shares during the period. Rockefeller Financial Services Inc. bought a new position in Newfield Exploration during the first quarter valued at about $27,255,000. Finally, Schroder Investment Management Group raised its position in Newfield Exploration by 1,163.4% in the first quarter. Schroder Investment Management Group now owns 738,683 shares of the energy company’s stock valued at $27,117,000 after buying an additional 680,217 shares during the period. Institutional investors own 99.05% of the company’s stock.

Shares of Newfield Exploration Company (NYSE NFX) traded down 0.79% on Monday, reaching $27.61. The company’s stock had a trading volume of 219,458 shares. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 17.91 and a beta of 1.48. The stock has a 50-day moving average price of $27.84 and a 200-day moving average price of $34.15. Newfield Exploration Company has a 1-year low of $25.46 and a 1-year high of $50.00.

Newfield Exploration (NYSE:NFX) last announced its earnings results on Tuesday, August 1st. The energy company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.01. Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. 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 business posted $0.32 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Newfield Exploration Company will post $1.93 EPS for the current year.

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NFX has been the topic of several analyst reports. Williams Capital reiterated a “buy” rating and issued a $56.00 target price on shares of Newfield Exploration in a research note on Wednesday, May 3rd. Credit Suisse Group reiterated an “outperform” rating and issued a $47.00 target price on shares of Newfield Exploration in a research note on Friday, June 2nd. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $42.00 target price (down previously from $48.00) on shares of Newfield Exploration in a research note on Monday, June 5th. Stifel Nicolaus restated a “buy” rating and set a $48.00 price target on shares of Newfield Exploration in a research note on Friday, May 26th. Finally, Scotiabank restated a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the stock. Newfield Exploration presently has a consensus rating of “Buy” and an average target price of $43.46.

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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