Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Newfield Exploration Company (NYSE:NFX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 19,242 shares of the energy company’s stock, valued at approximately $548,000.

Other hedge funds also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec grew its holdings in Newfield Exploration by 3.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 32,700 shares of the energy company’s stock worth $1,208,000 after acquiring an additional 1,100 shares in the last quarter. Suntrust Banks Inc. acquired a new position in Newfield Exploration during the 1st quarter worth $423,000. Cipher Capital LP grew its holdings in Newfield Exploration by 13.8% during the 1st quarter. Cipher Capital LP now owns 36,718 shares of the energy company’s stock worth $1,355,000 after acquiring an additional 4,458 shares in the last quarter. Atlantic Trust Group LLC grew its holdings in Newfield Exploration by 22.8% during the 2nd quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company’s stock worth $7,226,000 after acquiring an additional 47,194 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Newfield Exploration by 106.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,732 shares of the energy company’s stock worth $4,119,000 after acquiring an additional 74,768 shares in the last quarter. 99.15% of the stock is owned by institutional investors.

Several research analysts have weighed in on NFX shares. Goldman Sachs Group, Inc. (The) raised shares of Newfield Exploration from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $52.00 to $45.00 in a report on Tuesday, May 30th. Credit Suisse Group reissued an “outperform” rating and set a $47.00 price objective on shares of Newfield Exploration in a report on Friday, June 2nd. Royal Bank Of Canada set a $54.00 price objective on shares of Newfield Exploration and gave the stock a “buy” rating in a report on Saturday, June 3rd. J P Morgan Chase & Co reissued an “overweight” rating and set a $42.00 price objective (down from $48.00) on shares of Newfield Exploration in a report on Monday, June 5th. Finally, BidaskClub raised shares of Newfield Exploration from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.44.

Newfield Exploration Company (NYSE NFX) opened at 28.82 on Friday. The firm’s 50-day moving average is $26.05 and its 200-day moving average is $30.64. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 18.69 and a beta of 1.49. Newfield Exploration Company has a 1-year low of $24.41 and a 1-year high of $50.00.

Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, August 1st. The energy company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $402.00 million during the quarter, compared to the consensus estimate of $413.70 million. During the same period in the previous year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Newfield Exploration Company will post $1.87 EPS for the current year.

In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $26.18, for a total transaction of $314,160.00. Following the sale, the insider now owns 279,322 shares of the company’s stock, valued at approximately $7,312,649.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Roger B. Plank acquired 3,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $25.98 per share, for a total transaction of $77,940.00. Following the acquisition, the director now owns 30,787 shares in the company, valued at $799,846.26. The disclosure for this purchase can be found here. 0.54% of the stock is currently owned by corporate insiders.

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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.

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

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