Several other equities analysts have also weighed in on the stock. Piper Jaffray Companies reiterated a buy rating and issued a $48.00 target price on shares of Newfield Exploration in a report on Tuesday, January 9th. BMO Capital Markets reiterated a hold rating and issued a $36.00 target price on shares of Newfield Exploration in a report on Sunday, January 14th. Zacks Investment Research upgraded shares of Newfield Exploration from a hold rating to a strong-buy rating and set a $40.00 target price on the stock in a report on Monday, January 15th. KLR Group lowered shares of Newfield Exploration from a buy rating to a hold rating and set a $36.00 target price on the stock. in a report on Tuesday, January 23rd. Finally, Morgan Stanley boosted their target price on shares of Newfield Exploration from $33.00 to $37.00 and gave the company an equal weight rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $38.27.
Shares of Newfield Exploration (NFX) opened at $24.66 on Wednesday. Newfield Exploration has a one year low of $22.96 and a one year high of $37.89. The stock has a market cap of $4,925.14, a PE ratio of 11.58, a P/E/G ratio of 0.62 and a beta of 1.35. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.15 and a current ratio of 0.91.
In other news, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $31.84, for a total value of $382,080.00. Following the transaction, the chief executive officer now directly owns 223,235 shares in the company, valued at approximately $7,107,802.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 36,000 shares of company stock worth $1,138,680. Company insiders own 0.54% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Creative Planning acquired a new position in shares of Newfield Exploration in the 4th quarter worth approximately $1,394,000. Neuberger Berman Group LLC lifted its holdings in shares of Newfield Exploration by 52.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 12,588 shares of the energy company’s stock worth $373,000 after acquiring an additional 4,345 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Newfield Exploration by 9.1% in the 3rd quarter. California Public Employees Retirement System now owns 425,649 shares of the energy company’s stock worth $12,629,000 after acquiring an additional 35,549 shares during the last quarter. Atlantic Trust Group LLC lifted its holdings in shares of Newfield Exploration by 10.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 279,646 shares of the energy company’s stock worth $8,297,000 after acquiring an additional 25,738 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Newfield Exploration by 0.4% in the 4th quarter. Swiss National Bank now owns 734,900 shares of the energy company’s stock worth $23,171,000 after acquiring an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 99.82% of the company’s stock.
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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.
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