BB&T Securities LLC Has $3.33 Million Stake in Newfield Exploration Company (NFX)

BB&T Securities LLC lowered its stake in shares of Newfield Exploration Company (NYSE:NFX) by 12.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,265 shares of the energy company’s stock after selling 15,607 shares during the period. BB&T Securities LLC owned 0.06% of Newfield Exploration worth $3,330,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Tiedemann Wealth Management LLC increased its holdings in shares of Newfield Exploration by 36.0% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock worth $148,000 after acquiring an additional 7,664 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Newfield Exploration by 0.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,075,527 shares of the energy company’s stock worth $31,911,000 after acquiring an additional 9,928 shares during the last quarter. Zeke Capital Advisors LLC acquired a new position in shares of Newfield Exploration during the 3rd quarter worth approximately $257,000. Schroder Investment Management Group increased its holdings in shares of Newfield Exploration by 70.3% during the 3rd quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock worth $62,209,000 after acquiring an additional 869,092 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Newfield Exploration by 12.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,773 shares of the energy company’s stock worth $1,951,000 after acquiring an additional 7,088 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

NFX has been the topic of a number of recent analyst reports. Jefferies Group set a $40.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, August 29th. Royal Bank Of Canada set a $42.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Thursday, August 24th. Stifel Nicolaus set a $37.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Friday, August 18th. BMO Capital Markets set a $34.00 price objective on Newfield Exploration and gave the company a “buy” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research raised Newfield Exploration from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $39.05.

Newfield Exploration Company (NYSE:NFX) traded up $0.95 during trading hours on Monday, hitting $31.88. The stock had a trading volume of 2,315,300 shares, compared to its average volume of 2,936,898. The company has a market cap of $6,363.85, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.31 and a beta of 1.44. 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 1 year low of $24.41 and a 1 year high of $50.00.

Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The firm 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 35.28% and a net margin of 20.62%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. analysts expect that Newfield Exploration Company will post 2.1 EPS for the current fiscal year.

In other news, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $30.02, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $31.70, for a total value of $380,400.00. Following the sale, the chief executive officer now owns 255,322 shares of the company’s stock, valued at $8,093,707.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,500 shares of company stock valued at $834,670. Corporate insiders own 0.54% of the company’s stock.

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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.

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

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