Geode Capital Management LLC grew its stake in shares of Newfield Exploration Co. (NYSE:NFX) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,163,284 shares of the energy company’s stock after purchasing an additional 67,472 shares during the period. Geode Capital Management LLC owned approximately 1.08% of Newfield Exploration worth $68,062,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Adams Natural Resources Fund Inc. purchased a new stake in shares of Newfield Exploration during the 4th quarter worth $5,754,000. Brant Point Investment Management LLC boosted its position in shares of Newfield Exploration by 6.8% during the 4th quarter. Brant Point Investment Management LLC now owns 194,443 shares of the energy company’s stock worth $6,131,000 after purchasing an additional 12,343 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Newfield Exploration by 580.2% during the 4th quarter. Allianz Asset Management GmbH now owns 738,431 shares of the energy company’s stock worth $23,283,000 after purchasing an additional 629,872 shares in the last quarter. Amalgamated Bank boosted its position in shares of Newfield Exploration by 5.3% during the 4th quarter. Amalgamated Bank now owns 41,413 shares of the energy company’s stock worth $1,306,000 after purchasing an additional 2,095 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Newfield Exploration by 14,896.2% during the 4th quarter. Assetmark Inc. now owns 3,899 shares of the energy company’s stock worth $123,000 after purchasing an additional 3,873 shares in the last quarter. Institutional investors own 99.82% of the company’s stock.
In other news, Director Thomas G. Ricks bought 8,250 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was purchased at an average price of $23.78 per share, with a total value of $196,185.00. Following the purchase, the director now owns 66,447 shares of the company’s stock, valued at approximately $1,580,109.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lee K. Boothby sold 12,000 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 223,235 shares of the company’s stock, valued at approximately $7,107,802.40. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.
Newfield Exploration Co. (NYSE: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 firm has a market cap of $4,653.53, a PE ratio of 10.45, a P/E/G ratio of 0.60 and a beta of 1.57. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.
Newfield Exploration (NYSE:NFX) last announced its earnings results on Tuesday, February 20th. The energy company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. The firm had revenue of $509.00 million during the quarter, compared to the consensus estimate of $497.95 million. During the same quarter in the previous year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. equities analysts expect that Newfield Exploration Co. will post 2.94 earnings per share for the current fiscal year.
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About Newfield Exploration
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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