Intrust Bank NA reduced its stake in Newfield Exploration Company (NYSE:NFX) by 24.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,091 shares of the energy company’s stock after selling 4,934 shares during the quarter. Intrust Bank NA’s holdings in Newfield Exploration were worth $448,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NFX. Thrivent Financial For Lutherans lifted its holdings in shares of Newfield Exploration by 5.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 7,300 shares of the energy company’s stock worth $269,000 after acquiring an additional 380 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Newfield Exploration by 7.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,138 shares of the energy company’s stock worth $459,000 after acquiring an additional 1,101 shares during the last quarter. Capstone Asset Management Co. lifted its holdings in shares of Newfield Exploration by 32.2% in the 2nd quarter. Capstone Asset Management Co. now owns 15,735 shares of the energy company’s stock worth $448,000 after acquiring an additional 3,836 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its holdings in shares of Newfield Exploration by 1,051.0% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 12,661 shares of the energy company’s stock worth $360,000 after acquiring an additional 11,561 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Newfield Exploration by 507.8% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 32,311 shares of the energy company’s stock worth $920,000 after acquiring an additional 26,995 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

In related news, Director Juanita F. Romans sold 3,500 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the transaction, the director now directly owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lee K. Boothby sold 12,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $31.70, for a total transaction of $380,400.00. Following the completion of the transaction, the chief executive officer now directly owns 255,322 shares in the company, valued at $8,093,707.40. The disclosure for this sale can be found here. Insiders sold a total of 39,500 shares of company stock worth $1,148,830 over the last ninety days. Insiders own 0.54% of the company’s stock.

Newfield Exploration Company (NYSE:NFX) opened at $32.09 on Tuesday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15. The company has a market cap of $6,649.30, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.40 and a beta of 1.47. Newfield Exploration Company has a 52-week low of $24.41 and a 52-week high of $50.00.

Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. research analysts predict that Newfield Exploration Company will post 2.06 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $39.00 price objective on shares of Newfield Exploration in a report on Tuesday, November 7th. TheStreet upgraded shares of Newfield Exploration from a “d+” rating to a “c-” rating in a report on Monday, November 6th. Zacks Investment Research lowered shares of Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp restated a “hold” rating on shares of Newfield Exploration in a report on Monday. Finally, Williams Capital set a $46.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $38.87.

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

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