Virginia Retirement Systems ET AL purchased a new stake in Newfield Exploration Co. (NYSE:NFX) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 73,100 shares of the energy company’s stock, valued at approximately $2,107,000.

Several other institutional investors also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc acquired a new position in Newfield Exploration during the second quarter worth $142,000. Amica Pension Fund Board of Trustees acquired a new position in Newfield Exploration during the second quarter worth $178,000. Amica Mutual Insurance Co. acquired a new position in Newfield Exploration during the second quarter worth $198,000. Signition LP acquired a new position in Newfield Exploration during the second quarter worth $201,000. Finally, Commonwealth Equity Services LLC acquired a new position in Newfield Exploration during the second quarter worth $218,000. Institutional investors own 99.29% of the company’s stock.

Several research analysts recently commented on the stock. Piper Jaffray Companies assumed coverage on shares of Newfield Exploration in a report on Friday, September 28th. They set an “overweight” rating for the company. Morgan Stanley increased their target price on shares of Newfield Exploration from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, September 26th. Zacks Investment Research upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Monday, July 16th. ValuEngine cut shares of Newfield Exploration from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Finally, Goldman Sachs Group cut shares of Newfield Exploration from a “buy” rating to a “neutral” rating in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the company. Newfield Exploration has an average rating of “Hold” and a consensus target price of $35.43.

Shares of NFX stock opened at $20.72 on Tuesday. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.51 and a beta of 1.65. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.30. Newfield Exploration Co. has a one year low of $18.67 and a one year high of $35.20.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Wednesday, October 31st. The energy company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.15. The company had revenue of $711.00 million for the quarter, compared to analyst estimates of $661.27 million. Newfield Exploration had a net margin of 21.14% and a return on equity of 43.65%. The company’s revenue was up 62.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. As a group, equities research analysts predict that Newfield Exploration Co. will post 3.59 earnings per share for the current fiscal year.

In other news, insider Lee K. Boothby sold 16,161 shares of the stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $29.25, for a total value of $472,709.25. Following the transaction, the insider now directly owns 194,420 shares of the company’s stock, valued at $5,686,785. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is owned by corporate insiders.

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Newfield Exploration Profile

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.

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

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