Achmea Investment Management B.V. decreased its holdings in Newfield Exploration Co. (NYSE:NFX) by 26.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,608 shares of the energy company’s stock after selling 17,915 shares during the period. Achmea Investment Management B.V.’s holdings in Newfield Exploration were worth $1,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Virginia Retirement Systems ET AL acquired a new position in shares of Newfield Exploration in the 3rd quarter valued at about $2,107,000. American Century Companies Inc. acquired a new position in shares of Newfield Exploration in the 3rd quarter valued at about $242,000. Mobius Capital Management LLC acquired a new position in shares of Newfield Exploration in the 3rd quarter valued at about $7,363,000. Adams Natural Resources Fund Inc. acquired a new position in shares of Newfield Exploration in the 3rd quarter valued at about $1,612,000. Finally, North Star Asset Management Inc. lifted its stake in shares of Newfield Exploration by 11.0% in the 3rd quarter. North Star Asset Management Inc. now owns 236,934 shares of the energy company’s stock valued at $6,831,000 after purchasing an additional 23,555 shares during the period. Institutional investors own 99.29% of the company’s stock.

Shares of NFX opened at $20.41 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.72 and a quick ratio of 0.70. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 0.51 and a beta of 1.65. Newfield Exploration Co. has a 52 week low of $18.67 and a 52 week high of $35.20.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Wednesday, October 31st. The energy company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.15. The firm had revenue of $711.00 million during the quarter, compared to analyst estimates of $661.27 million. Newfield Exploration had a return on equity of 43.65% and a net margin of 21.14%. The company’s revenue for the quarter was up 62.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. Analysts expect that Newfield Exploration Co. will post 3.59 EPS for the current year.

NFX has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Newfield Exploration from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $37.00 price target on shares of Newfield Exploration in a research note on Wednesday, July 18th. Goldman Sachs Group downgraded Newfield Exploration from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 18th. Seaport Global Securities reaffirmed a “buy” rating on shares of Newfield Exploration in a research note on Wednesday, July 25th. Finally, SunTrust Banks downgraded Newfield Exploration from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the stock. Newfield Exploration presently has a consensus rating of “Hold” and a consensus target price of $35.43.

In other Newfield Exploration news, insider Lee K. Boothby sold 16,161 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $29.25, for a total transaction of $472,709.25. Following the completion of the sale, the insider now directly owns 194,420 shares of the company’s stock, valued at approximately $5,686,785. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.59% of the company’s stock.

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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.

See Also: Earnings Per Share (EPS)

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

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