Janney Montgomery Scott LLC Sells 4,827 Shares of Newfield Exploration Co. (NFX)

Janney Montgomery Scott LLC decreased its stake in shares of Newfield Exploration Co. (NYSE:NFX) by 18.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,461 shares of the energy company’s stock after selling 4,827 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Newfield Exploration were worth $637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of NFX. Pacer Advisors Inc. increased its holdings 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 purchasing an additional 319 shares during the period. Dupont Capital Management Corp purchased a new stake in Newfield Exploration during the 2nd quarter worth about $131,000. Tiedemann Wealth Management LLC boosted its position 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 in the last quarter. Riverhead Capital Management LLC boosted its position in shares of 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 acquiring an additional 1,013 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Newfield Exploration during the 2nd quarter worth about $209,000. Institutional investors own 99.71% of the company’s stock.

NFX has been the subject of several analyst reports. Scotiabank set a $39.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a research report on Saturday, November 25th. Jefferies Group reaffirmed a “buy” rating and set a $39.00 price objective on shares of Newfield Exploration in a research report on Thursday, October 12th. Stifel Nicolaus set a $37.00 price objective on Newfield Exploration and gave the stock a “buy” rating in a research report on Thursday, October 5th. Williams Capital set a $46.00 target price on Newfield Exploration and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Newfield Exploration in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $37.90.

In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,171,800.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lee K. Boothby sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $31.70, for a total value of $380,400.00. Following the sale, the chief executive officer now directly owns 255,322 shares of the company’s stock, valued at $8,093,707.40. The disclosure for this sale can be found here. Insiders have sold a total of 39,500 shares of company stock valued at $1,210,270 over the last ninety days. 0.54% of the stock is owned by insiders.

Shares of Newfield Exploration Co. (NYSE:NFX) opened at $31.46 on Monday. Newfield Exploration Co. has a 1 year low of $24.41 and a 1 year high of $43.74. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market capitalization of $6,280.00, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.25 and a beta of 1.44.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $419.75 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. equities analysts predict that Newfield Exploration Co. will post 2.14 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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Institutional Ownership by Quarter for Newfield Exploration (NYSE:NFX)

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