Turner Investments LLC Purchases 3,790 Shares of Newfield Exploration Company (NFX)
Turner Investments LLC increased its position in Newfield Exploration Company (NYSE:NFX) by 72.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,000 shares of the energy company’s stock after purchasing an additional 3,790 shares during the period. Turner Investments LLC’s holdings in Newfield Exploration were worth $267,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Schroder Investment Management Group grew its stake in Newfield Exploration by 67.3% in the second quarter. Schroder Investment Management Group now owns 1,236,114 shares of the energy company’s stock worth $35,353,000 after purchasing an additional 497,431 shares during the period. Atlantic Trust Group LLC grew its stake in Newfield Exploration by 22.8% in the second quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company’s stock worth $7,226,000 after purchasing an additional 47,194 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Newfield Exploration by 21.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,229 shares of the energy company’s stock worth $1,458,000 after purchasing an additional 8,972 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Newfield Exploration by 106.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,732 shares of the energy company’s stock worth $4,119,000 after acquiring an additional 74,768 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Newfield Exploration by 3.3% in the second quarter. Vanguard Group Inc. now owns 23,677,528 shares of the energy company’s stock worth $673,862,000 after acquiring an additional 760,793 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.
In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the completion of the sale, the director now owns 39,034 shares in the company, valued at $1,171,800.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $31.70, for a total value of $380,400.00. Following the completion of the sale, the chief executive officer now owns 255,322 shares of the company’s stock, valued at approximately $8,093,707.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,500 shares of company stock valued at $1,148,830. Company insiders own 0.54% of the company’s stock.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $419.75 million. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. equities research analysts forecast that Newfield Exploration Company will post 2.06 EPS for the current year.
NFX has been the topic of several analyst reports. Williams Capital set a $46.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Wednesday, November 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $39.00 target price on shares of Newfield Exploration in a report on Tuesday, November 7th. Barclays PLC boosted their target price on Newfield Exploration from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 11th. Morgan Stanley boosted their target price on Newfield Exploration from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research downgraded Newfield Exploration from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $39.00.
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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