Sei Investments Co. Boosts Position in Newfield Exploration Company (NFX)
Sei Investments Co. boosted its stake in shares of Newfield Exploration Company (NYSE:NFX) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 376,756 shares of the energy company’s stock after buying an additional 2,703 shares during the period. Sei Investments Co.’s holdings in Newfield Exploration were worth $10,722,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in NFX. Global X Management Co. LLC raised its stake in Newfield Exploration by 30.5% in the first quarter. Global X Management Co. LLC now owns 3,311 shares of the energy company’s stock valued at $122,000 after buying an additional 774 shares in the last quarter. Pacer Advisors Inc. raised its stake in Newfield Exploration by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock valued at $138,000 after buying an additional 121 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Newfield Exploration during the first quarter valued at $175,000. Mn Services Vermogensbeheer B.V. raised its stake in Newfield Exploration by 6.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,316 shares of the energy company’s stock valued at $183,000 after buying an additional 310 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Newfield Exploration during the first quarter valued at $208,000. Institutional investors own 99.05% of the company’s stock.
Shares of Newfield Exploration Company (NFX) opened at 26.60 on Thursday. The stock has a 50 day moving average price of $27.33 and a 200 day moving average price of $33.61. Newfield Exploration Company has a one year low of $25.46 and a one year high of $50.00. The stock has a market capitalization of $5.26 billion, a P/E ratio of 17.25 and a beta of 1.48.
Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by $0.01. The business had revenue of $402 million during the quarter, compared to analysts’ expectations of $413.70 million. Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. Equities analysts forecast that Newfield Exploration Company will post $1.91 earnings per share for the current year.
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Several research firms recently weighed in on NFX. J P Morgan Chase & Co restated an “overweight” rating and set a $36.00 price target (down from $40.00) on shares of Newfield Exploration in a research report on Wednesday. Barclays PLC reissued an “equal weight” rating and issued a $33.00 target price (down from $39.00) on shares of Newfield Exploration in a report on Saturday, April 22nd. BidaskClub downgraded Newfield Exploration from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Royal Bank Of Canada set a $54.00 target price on Newfield Exploration and gave the stock a “buy” rating in a report on Saturday, June 3rd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $47.00 target price on shares of Newfield Exploration in a report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the stock. Newfield Exploration presently has an average rating of “Buy” and an average target price of $43.21.
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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