Deutsche Bank AG trimmed its holdings in Newfield Exploration Co. (NYSE:NFX) by 10.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,996,744 shares of the energy company’s stock after selling 232,054 shares during the period. Deutsche Bank AG owned 1.00% of Newfield Exploration worth $62,955,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Assetmark Inc. raised its holdings in shares of Newfield Exploration by 14,896.2% in the fourth quarter. Assetmark Inc. now owns 3,899 shares of the energy company’s stock valued at $123,000 after buying an additional 3,873 shares during the last quarter. Tiedemann Wealth Management LLC raised its holdings in shares of Newfield Exploration by 36.0% in the third quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock valued at $148,000 after buying an additional 7,664 shares during the last quarter. ETRADE Capital Management LLC purchased a new stake in shares of Newfield Exploration in the fourth quarter valued at about $211,000. Vident Investment Advisory LLC purchased a new stake in shares of Newfield Exploration in the third quarter valued at about $212,000. Finally, MAI Capital Management purchased a new stake in shares of Newfield Exploration in the fourth quarter valued at about $240,000. 99.82% of the stock is owned by institutional investors and hedge funds.
Newfield Exploration Co. (NFX) opened at $23.50 on Wednesday. Newfield Exploration Co. has a one year low of $22.72 and a one year high of $37.61. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.73. The stock has a market cap of $4,653.53, a PE ratio of 11.03, a PEG ratio of 0.60 and a beta of 1.57.
In other Newfield Exploration news, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $31.84, for a total transaction of $382,080.00. Following the transaction, the chief executive officer now directly owns 223,235 shares in the company, valued at $7,107,802.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas G. Ricks bought 8,250 shares of the stock in a transaction on Thursday, March 1st. The shares were bought at an average price of $23.78 per share, for a total transaction of $196,185.00. Following the completion of the transaction, the director now directly 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. Corporate insiders own 0.54% of the company’s stock.
NFX has been the subject of a number of research reports. BMO Capital Markets set a $34.00 target price on shares of Newfield Exploration and gave the company a “hold” rating in a report on Tuesday, November 14th. Barclays upped their target price on shares of Newfield Exploration from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, November 20th. Scotiabank set a $39.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a report on Saturday, November 25th. Wolfe Research cut shares of Newfield Exploration from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. Finally, Credit Suisse Group initiated coverage on shares of Newfield Exploration in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.59.
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.
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