Mesirow Financial Investment Management Equity Management boosted its stake in Newfield Exploration Company (NYSE:NFX) by 22.1% during the second quarter, Holdings Channel reports. The firm owned 37,600 shares of the energy company’s stock after buying an additional 6,810 shares during the period. Mesirow Financial Investment Management Equity Management’s holdings in Newfield Exploration were worth $1,072,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NFX. Pictet Asset Management Ltd. boosted its stake in Newfield Exploration by 5.7% in the second quarter. Pictet Asset Management Ltd. now owns 110,266 shares of the energy company’s stock valued at $3,581,000 after buying an additional 5,900 shares during the period. Tortoise Capital Advisors L.L.C. boosted its stake in Newfield Exploration by 15.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 260,658 shares of the energy company’s stock valued at $7,418,000 after buying an additional 34,449 shares during the period. Sei Investments Co. boosted its stake in Newfield Exploration by 0.7% in the second quarter. Sei Investments Co. now owns 376,756 shares of the energy company’s stock valued at $10,722,000 after buying an additional 2,703 shares during the period. CIBC Asset Management Inc boosted its stake in Newfield Exploration by 0.4% in the second quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock valued at $505,000 after buying an additional 70 shares during the period. Finally, Bbva Compass Bancshares Inc. boosted its stake in Newfield Exploration by 1.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 22,815 shares of the energy company’s stock valued at $649,000 after buying an additional 327 shares during the period. 99.05% of the stock is owned by institutional investors and hedge funds.

Newfield Exploration Company (NYSE NFX) opened at 26.60 on Thursday. Newfield Exploration Company has a 52 week low of $25.46 and a 52 week high of $50.00. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 17.25 and a beta of 1.48. The stock’s 50 day moving average is $27.33 and its 200-day moving average is $33.61.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The business had revenue of $402 million during the quarter, compared to the consensus estimate of $413.70 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that Newfield Exploration Company will post $1.91 EPS for the current year.

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Several equities research analysts have recently issued reports on the stock. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $36.00 price objective (down from $40.00) on shares of Newfield Exploration in a research report on Wednesday. Barclays PLC reaffirmed an “equal weight” rating and set a $22.00 price objective (down from $23.00) on shares of Newfield Exploration in a research report on Wednesday. BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 price objective on shares of Newfield Exploration in a research report on Friday, August 4th. Williams Capital set a $45.00 price objective on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub raised shares of Newfield Exploration from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $43.21.

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

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