NWQ Investment Management Company LLC lessened its holdings in Newfield Exploration Company (NYSE:NFX) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,048,276 shares of the energy company’s stock after selling 249,945 shares during the quarter. NWQ Investment Management Company LLC owned 1.03% of Newfield Exploration worth $60,772,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NFX. Pacer Advisors Inc. lifted its position in Newfield Exploration by 8.5% during the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock worth $116,000 after purchasing an additional 319 shares during the period. Dupont Capital Management Corp bought a new stake in Newfield Exploration during the second quarter worth about $131,000. Riverhead Capital Management LLC lifted its position in Newfield Exploration by 17.1% during the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock worth $197,000 after purchasing an additional 1,013 shares during the period. Thrivent Financial For Lutherans lifted its position in Newfield Exploration by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after purchasing an additional 230 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in Newfield Exploration by 43.0% during the second quarter. Neuberger Berman Group LLC now owns 8,243 shares of the energy company’s stock worth $235,000 after purchasing an additional 2,480 shares during the period. 99.83% of the stock is owned by institutional investors.

In other news, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 255,322 shares of the company’s stock, valued at $8,093,707.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $105,070.00. Following the completion of the transaction, the director now directly owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. Insiders sold 39,500 shares of company stock valued at $1,210,270 in the last three months. Company insiders own 0.54% of the company’s stock.

Newfield Exploration Company (NYSE:NFX) traded down $0.84 during mid-day trading on Wednesday, hitting $30.56. 1,968,000 shares of the stock were exchanged, compared to its average volume of 2,928,522. The company has a market capitalization of $6,268.03, a PE ratio of 15.62, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15. Newfield Exploration Company has a 52-week low of $24.41 and a 52-week high of $50.00.

Newfield Exploration (NYSE:NFX) last posted its 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 firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. sell-side analysts forecast that Newfield Exploration Company will post 2.1 EPS for the current fiscal year.

Several research firms recently weighed in on NFX. Wolfe Research cut shares of Newfield Exploration from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Jefferies Group set a $40.00 price objective on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Newfield Exploration from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Stifel Nicolaus set a $37.00 price objective on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, August 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Newfield Exploration in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. Newfield Exploration presently has an average rating of “Buy” and an average price target of $38.62.

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

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