Airain ltd reduced its stake in Newfield Exploration Company (NYSE:NFX) by 36.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,130 shares of the energy company’s stock after selling 28,257 shares during the period. Airain ltd’s holdings in Newfield Exploration were worth $1,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NFX. Global X Management Co. LLC boosted its position in Newfield Exploration by 30.5% in the first quarter. Global X Management Co. LLC now owns 3,311 shares of the energy company’s stock valued at $122,000 after buying an additional 774 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Newfield Exploration during the second quarter valued at about $131,000. Pacer Advisors Inc. boosted its position in Newfield Exploration by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock valued at $138,000 after buying an additional 121 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Newfield Exploration during the first quarter valued at about $175,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Newfield Exploration by 6.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,316 shares of the energy company’s stock valued at $183,000 after buying an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Shares of Newfield Exploration Company (NYSE NFX) opened at 26.13 on Friday. The firm has a 50-day moving average price of $26.41 and a 200-day moving average price of $31.89. Newfield Exploration Company has a 52 week low of $24.41 and a 52 week high of $50.00. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 16.95 and a beta of 1.48.

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 analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $402 million for the quarter, compared to analyst estimates of $413.70 million. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. On average, equities analysts expect that Newfield Exploration Company will post $1.87 earnings per share for the current fiscal year.

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Several research firms have issued reports on NFX. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $36.00 price objective (down previously from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. BidaskClub cut 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 objective on Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday. Barclays PLC cut their price objective on Newfield Exploration from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus set a $37.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $42.50.

In other Newfield Exploration news, Director Roger B. Plank purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $25.98 per share, with a total value 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

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.

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

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