Keybank National Association OH Purchases Shares of 11,785 Newfield Exploration Company (NFX)

Keybank National Association OH purchased a new position in shares of Newfield Exploration Company (NYSE:NFX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,785 shares of the energy company’s stock, valued at approximately $350,000.

Several other large investors have also recently made changes to their positions in NFX. Thrivent Financial For Lutherans boosted its stake in shares of Newfield Exploration by 5.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 7,300 shares of the energy company’s stock worth $269,000 after acquiring an additional 380 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Newfield Exploration by 7.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,138 shares of the energy company’s stock worth $459,000 after acquiring an additional 1,101 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Newfield Exploration by 32.2% during the 2nd quarter. Capstone Asset Management Co. now owns 15,735 shares of the energy company’s stock worth $448,000 after acquiring an additional 3,836 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in shares of Newfield Exploration by 1,051.0% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 12,661 shares of the energy company’s stock worth $360,000 after acquiring an additional 11,561 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Newfield Exploration by 507.8% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 32,311 shares of the energy company’s stock worth $920,000 after acquiring an additional 26,995 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the company. Jefferies Group LLC set a $40.00 target price on Newfield Exploration and gave the company a “buy” rating in a research note on Tuesday, August 29th. Citigroup Inc. reduced their target price on Newfield Exploration from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Barclays PLC upped their target price on Newfield Exploration from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. Morgan Stanley upped their target price on Newfield Exploration from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Finally, BMO Capital Markets set a $34.00 target price on Newfield Exploration and gave the company a “buy” rating in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $38.96.

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In related news, Director Juanita F. Romans sold 3,500 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $30.02, for a total value of $105,070.00. Following the completion of the sale, the director now directly owns 39,034 shares in the company, valued at approximately $1,171,800.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $26.18, for a total value of $314,160.00. Following the completion of the sale, the insider now owns 279,322 shares of the company’s stock, valued at $7,312,649.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,500 shares of company stock valued at $1,148,830. 0.54% of the stock is owned by insiders.

Shares of Newfield Exploration Company (NYSE NFX) opened at $30.30 on Friday. The company has a market capitalization of $5,900.00, a price-to-earnings ratio of 14.84, a PEG ratio of 1.25 and a beta of 1.47. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. Newfield Exploration Company has a twelve month low of $24.41 and a twelve month high of $50.00.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $419.75 million. Newfield Exploration had a return on equity of 27.83% and a net margin of 19.82%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. research analysts predict that Newfield Exploration Company will post 2.06 earnings per share for the current 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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