Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Newfield Exploration Company (NYSE:NFX) by 12.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,773 shares of the energy company’s stock after purchasing an additional 7,088 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Newfield Exploration were worth $1,951,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. CIBC Asset Management Inc lifted its holdings in shares of Newfield Exploration by 0.4% in the second quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock valued at $505,000 after purchasing an additional 70 shares in the last quarter. Utah Retirement Systems lifted its holdings in shares of Newfield Exploration by 0.3% in the second quarter. Utah Retirement Systems now owns 36,416 shares of the energy company’s stock valued at $1,037,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Newfield Exploration by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock valued at $353,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Newfield Exploration by 0.4% in the second quarter. Arizona State Retirement System now owns 49,400 shares of the energy company’s stock valued at $1,406,000 after purchasing an additional 200 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Newfield Exploration by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after purchasing an additional 230 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

In related news, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total transaction of $105,070.00. Following the completion of the transaction, the director now owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total transaction of $349,200.00. The disclosure for this sale can be found here. Insiders have sold 27,500 shares of company stock valued at $834,670 in the last ninety days. 0.54% of the stock is currently owned by company insiders.

Newfield Exploration Company (NFX) traded up $0.95 during trading hours on Friday, hitting $31.88. 2,315,377 shares of the stock were exchanged, compared to its average volume of 2,271,477. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $6,173.21, a price-to-earnings ratio of 15.39, a PEG ratio of 1.27 and a beta of 1.44. Newfield Exploration Company has a twelve month low of $24.41 and a twelve month high of $50.00.

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 the consensus estimate of $0.43 by $0.09. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. Newfield Exploration’s revenue for the quarter was up 12.0% compared to the same quarter last year. equities analysts expect that Newfield Exploration Company will post 2.1 earnings per share for the current year.

Several brokerages have issued reports on NFX. Zacks Investment Research raised shares of Newfield Exploration from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Jefferies Group set a $40.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a report on Tuesday, August 29th. Stifel Nicolaus set a $37.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a report on Friday, August 18th. BidaskClub downgraded shares of Newfield Exploration from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $22.00 price target (down previously from $23.00) on shares of Newfield Exploration in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $39.05.

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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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