Jones Financial Companies Lllp trimmed its position in shares of Newfield Exploration Co. (NYSE:NFX) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,751 shares of the energy company’s stock after selling 2,887 shares during the period. Jones Financial Companies Lllp’s holdings in Newfield Exploration were worth $3,051,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in shares of Newfield Exploration by 5.3% in the fourth quarter. Amalgamated Bank now owns 41,413 shares of the energy company’s stock valued at $1,306,000 after buying an additional 2,095 shares during the period. Chevy Chase Trust Holdings Inc. lifted its stake in shares of Newfield Exploration by 1.2% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 173,732 shares of the energy company’s stock valued at $5,155,000 after buying an additional 2,127 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Newfield Exploration by 12.5% in the third quarter. CIBC Asset Management Inc now owns 19,944 shares of the energy company’s stock valued at $592,000 after buying an additional 2,217 shares during the period. Fernwood Investment Management LLC lifted its stake in shares of Newfield Exploration by 7.2% in the third quarter. Fernwood Investment Management LLC now owns 34,400 shares of the energy company’s stock valued at $1,021,000 after buying an additional 2,300 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of Newfield Exploration by 28.4% in the third quarter. D.A. Davidson & CO. now owns 11,466 shares of the energy company’s stock valued at $340,000 after buying an additional 2,534 shares during the period. Institutional investors own 99.82% of the company’s stock.
NFX has been the subject of several research reports. Scotiabank set a $39.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Saturday, November 25th. Zacks Investment Research upgraded shares of Newfield Exploration from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research note on Monday, January 15th. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 target price on shares of Newfield Exploration in a research note on Tuesday, January 9th. KLR Group cut shares of Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Tuesday, January 23rd. Finally, Morgan Stanley increased their target price on shares of Newfield Exploration from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $37.59.
Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, February 20th. The energy company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The company had revenue of $509.00 million during the quarter, compared to analyst estimates of $497.95 million. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. The company’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. equities research analysts forecast that Newfield Exploration Co. will post 2.94 EPS for the current year.
In other news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $31.75, for a total transaction of $381,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas G. Ricks acquired 8,250 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were purchased at an average cost of $23.78 per share, with a total value of $196,185.00. Following the acquisition, the director now owns 66,447 shares of the company’s stock, valued at approximately $1,580,109.66. The disclosure for this purchase can be found here. Company insiders own 0.54% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/03/12/newfield-exploration-co-nfx-holdings-cut-by-jones-financial-companies-lllp.html.
Newfield Exploration Company 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.
Want to see what other hedge funds are holding NFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newfield Exploration Co. (NYSE:NFX).
Receive News & Ratings for Newfield Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newfield Exploration and related companies with MarketBeat.com's FREE daily email newsletter.