AMP Capital Investors Ltd Buys 65,079 Shares of Newfield Exploration Company (NFX)

AMP Capital Investors Ltd lifted its stake in Newfield Exploration Company (NYSE:NFX) by 99.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 130,442 shares of the energy company’s stock after purchasing an additional 65,079 shares during the quarter. AMP Capital Investors Ltd owned about 0.07% of Newfield Exploration worth $3,871,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in shares of Newfield Exploration by 8.5% in the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock valued at $116,000 after purchasing an additional 319 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Newfield Exploration in the second quarter valued at approximately $131,000. Tiedemann Wealth Management LLC increased 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 purchasing an additional 7,664 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Newfield Exploration by 17.1% in the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock valued at $197,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Newfield Exploration in the second quarter valued at approximately $209,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.30, for a total transaction of $375,600.00. Following the completion of the transaction, the insider now directly owns 243,322 shares in the company, valued at $7,615,978.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Juanita F. Romans sold 3,500 shares of the firm’s 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 transaction, the director now owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,500 shares of company stock valued at $1,210,270. Company insiders own 0.54% of the company’s stock.

NFX has been the subject of several recent analyst reports. SunTrust Banks set a $37.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Jefferies Group set a $40.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research note 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 research note on Thursday, August 24th. BMO Capital Markets set a $34.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus set a $37.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.86.

Newfield Exploration Company (NYSE:NFX) traded down $0.82 on Friday, hitting $27.81. The stock had a trading volume of 3,355,973 shares, compared to its average volume of 1,770,238. Newfield Exploration Company has a 1-year low of $24.41 and a 1-year high of $45.53. The stock has a market capitalization of $5,551.40, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.14 and a beta of 1.44. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. During the same period last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. research analysts expect that Newfield Exploration Company will post 2.11 earnings per share for the current 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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Institutional Ownership by Quarter for Newfield Exploration (NYSE:NFX)

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