Tricadia Capital Management LLC trimmed its position in Newfield Exploration Co. (NYSE:NFX) by 33.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,547 shares of the energy company’s stock after selling 8,273 shares during the period. Newfield Exploration accounts for 0.3% of Tricadia Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding. Tricadia Capital Management LLC’s holdings in Newfield Exploration were worth $522,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vident Investment Advisory LLC acquired a new position in shares of Newfield Exploration in the 3rd quarter valued at $212,000. Thrivent Financial For Lutherans increased its position in shares of Newfield Exploration by 3.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after acquiring an additional 230 shares during the period. MAI Capital Management acquired a new position in shares of Newfield Exploration in the 4th quarter valued at $240,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Newfield Exploration in the 4th quarter valued at $257,000. Finally, Commerce Bank acquired a new position in shares of Newfield Exploration in the 3rd quarter valued at $246,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.
In other Newfield Exploration news, CEO Lee K. Boothby sold 12,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total transaction of $382,080.00. Following the sale, the chief executive officer now directly owns 223,235 shares of the company’s stock, valued at approximately $7,107,802.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 36,000 shares of company stock worth $1,138,680 over the last ninety days. 0.54% of the stock is owned by insiders.
Several research firms recently issued reports on NFX. B. Riley began coverage on Newfield Exploration in a research report on Monday, February 5th. They issued a “buy” rating and a $46.00 target price on the stock. Morgan Stanley upped their target price on Newfield Exploration from $33.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. 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. BMO Capital Markets set a $34.00 target price on Newfield Exploration and gave the company a “hold” rating in a research report on Tuesday, November 14th. Finally, KLR Group downgraded Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.00.
Newfield Exploration 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.
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