Janus Henderson Group PLC Reduces Position in Newfield Exploration Company (NFX)

Janus Henderson Group PLC lessened its position in shares of Newfield Exploration Company (NYSE:NFX) by 30.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,386 shares of the energy company’s stock after selling 20,537 shares during the quarter. Janus Henderson Group PLC’s holdings in Newfield Exploration were worth $1,320,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NFX. Pacer Advisors Inc. grew its stake in Newfield Exploration by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock worth $116,000 after buying an additional 319 shares during the last quarter. Global X Management Co. LLC grew its stake in Newfield Exploration by 30.5% during the 1st quarter. Global X Management Co. LLC now owns 3,311 shares of the energy company’s stock worth $122,000 after buying an additional 774 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Newfield Exploration during the 2nd quarter worth approximately $131,000. Riverhead Capital Management LLC grew its stake in Newfield Exploration by 17.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock worth $197,000 after buying an additional 1,013 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in Newfield Exploration by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock worth $214,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

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In other Newfield Exploration news, Director Roger B. Plank acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $25.98 per share, with a total value of $77,940.00. Following the acquisition, the director now directly owns 30,787 shares of the company’s stock, valued at approximately $799,846.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total value of $349,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

NFX has been the topic of a number of research reports. Jefferies Group LLC restated a “buy” rating and set a $46.00 price target on shares of Newfield Exploration in a research note on Thursday, July 6th. Barclays PLC restated a “hold” rating and set a $23.00 price target on shares of Newfield Exploration in a research note on Friday, July 7th. Zacks Investment Research downgraded Newfield Exploration from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Cowen and Company set a $35.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $42.00 price target on shares of Newfield Exploration in a research note on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.37.

Shares of Newfield Exploration Company (NYSE NFX) opened at 30.10 on Friday. The firm has a market capitalization of $5.95 billion, a PE ratio of 19.52 and a beta of 1.53. Newfield Exploration Company has a 12-month low of $24.41 and a 12-month high of $50.00. The stock has a 50 day moving average price of $28.94 and a 200 day moving average price of $29.58.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $413.70 million. During the same period last year, the company earned $0.32 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts predict that Newfield Exploration Company will post $1.93 EPS for the current fiscal year.

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.

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

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