Bluefin Trading LLC Acquires Shares of 40,920 Newfield Exploration Company (NFX)
Bluefin Trading LLC acquired a new position in shares of Newfield Exploration Company (NYSE:NFX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 40,920 shares of the energy company’s stock, valued at approximately $1,165,000.
A number of other institutional investors also recently made changes to their positions in the stock. CIBC Asset Management Inc lifted its position in Newfield Exploration by 0.4% during the second quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock worth $505,000 after buying an additional 70 shares in the last quarter. Utah Retirement Systems lifted its position in Newfield Exploration by 0.3% during the second quarter. Utah Retirement Systems now owns 36,416 shares of the energy company’s stock worth $1,037,000 after buying an additional 100 shares in the last quarter. Pacer Advisors Inc. lifted its position in Newfield Exploration by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock worth $138,000 after buying an additional 121 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Newfield Exploration by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock worth $353,000 after buying an additional 200 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its position in Newfield Exploration by 0.3% during the second quarter. State Treasurer State of Michigan now owns 65,512 shares of the energy company’s stock worth $1,864,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.
In related news, insider Lee K. Boothby sold 12,000 shares of Newfield Exploration stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.10, for a total value of $349,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger B. Plank purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $25.98 per share, with a total value of $77,940.00. Following the completion of the purchase, the director now directly owns 30,787 shares of the company’s stock, valued at approximately $799,846.26. The disclosure for this purchase can be found here. 0.54% of the stock is currently owned by company insiders.
Newfield Exploration Company (NYSE NFX) traded down 0.72% on Friday, hitting $30.25. The stock had a trading volume of 2,893,542 shares. The company’s 50-day moving average is $27.28 and its 200-day moving average is $30.23. Newfield Exploration Company has a one year low of $24.41 and a one year high of $50.00. The stock has a market cap of $5.98 billion, a P/E ratio of 19.62 and a beta of 1.53.
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). The business had revenue of $402.00 million for 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 revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, analysts anticipate that Newfield Exploration Company will post $1.88 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the company. Cowen and Company set a $35.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 target price on shares of Newfield Exploration in a research report on Thursday, July 20th. BidaskClub downgraded Newfield Exploration from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded Newfield Exploration from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus set a $37.00 target price on Newfield Exploration and gave the company 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 given a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.14.
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Newfield Exploration 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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