LMR Partners LLP purchased a new position in shares of Newfield Exploration Company (NYSE:NFX) during the second quarter, Holdings Channel reports. The fund purchased 54,472 shares of the energy company’s stock, valued at approximately $1,551,000.

Several other large investors have also recently bought and sold shares of NFX. BlackRock Inc. boosted its stake in Newfield Exploration by 2,798.4% in the first quarter. BlackRock Inc. now owns 13,788,511 shares of the energy company’s stock worth $508,934,000 after buying an additional 13,312,785 shares during the last quarter. Wellington Management Group LLP boosted its stake in Newfield Exploration by 31.1% in the first quarter. Wellington Management Group LLP now owns 27,063,455 shares of the energy company’s stock worth $998,913,000 after buying an additional 6,422,891 shares during the last quarter. Prudential Financial Inc. boosted its stake in Newfield Exploration by 45.5% in the first quarter. Prudential Financial Inc. now owns 3,825,967 shares of the energy company’s stock worth $141,216,000 after buying an additional 1,197,112 shares during the last quarter. Vanguard Group Inc. boosted its stake in Newfield Exploration by 5.2% in the first quarter. Vanguard Group Inc. now owns 22,916,735 shares of the energy company’s stock worth $845,856,000 after buying an additional 1,131,263 shares during the last quarter. Finally, State Street Corp boosted its stake in Newfield Exploration by 10.3% in the first quarter. State Street Corp now owns 11,470,973 shares of the energy company’s stock worth $423,392,000 after buying an additional 1,066,743 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Shares of Newfield Exploration Company (NFX) opened at 25.19 on Thursday. Newfield Exploration Company has a 12 month low of $25.02 and a 12 month high of $50.00. The company has a market capitalization of $4.98 billion, a P/E ratio of 16.34 and a beta of 1.48. The stock’s 50 day moving average is $27.06 and its 200 day moving average is $33.03.

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

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NFX has been the topic of a number of recent analyst reports. Citigroup Inc. cut their price target on shares of Newfield Exploration from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Williams Capital reiterated a “buy” rating and set a $56.00 price target on shares of Newfield Exploration in a report on Wednesday, May 3rd. Credit Suisse Group reiterated an “outperform” rating and set a $47.00 price target on shares of Newfield Exploration in a report on Friday, June 2nd. J P Morgan Chase & Co reiterated an “overweight” rating and set a $42.00 price target (down previously from $48.00) on shares of Newfield Exploration in a report on Monday, June 5th. Finally, Scotiabank reiterated a “buy” rating and set a $39.00 price target on shares of Newfield Exploration in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. Newfield Exploration presently has an average rating of “Buy” and a consensus price target of $43.21.

In related news, Director Roger B. Plank acquired 3,000 shares of Newfield Exploration stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $25.98 per share, for a total transaction of $77,940.00. Following the completion of the transaction, the director now owns 30,787 shares of the company’s stock, valued at approximately $799,846.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

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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