Energy Opportunities Capital Management LLC cut its stake in shares of Newfield Exploration Company (NYSE:NFX) by 23.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,898 shares of the energy company’s stock after selling 17,789 shares during the period. Newfield Exploration comprises approximately 1.1% of Energy Opportunities Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. Energy Opportunities Capital Management LLC’s holdings in Newfield Exploration were worth $1,718,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NFX. Janus Henderson Group PLC increased its holdings in shares of Newfield Exploration by 3,994.5% during the third quarter. Janus Henderson Group PLC now owns 1,899,262 shares of the energy company’s stock worth $56,351,000 after buying an additional 1,852,876 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Newfield Exploration in the second quarter worth $42,542,000. FMR LLC grew its stake in shares of Newfield Exploration by 9.9% in the second quarter. FMR LLC now owns 10,459,662 shares of the energy company’s stock worth $297,683,000 after purchasing an additional 938,740 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Newfield Exploration by 26.9% in the third quarter. Prudential Financial Inc. now owns 4,114,290 shares of the energy company’s stock worth $122,071,000 after purchasing an additional 872,434 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Newfield Exploration by 70.3% in the third quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock worth $62,209,000 after purchasing an additional 869,092 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

Several brokerages recently weighed in on NFX. J P Morgan Chase & Co cut shares of Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Friday. Credit Suisse Group began coverage on shares of Newfield Exploration in a research note on Monday. They issued a “neutral” rating and a $30.00 price objective on the stock. Wolfe Research cut shares of Newfield Exploration from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 5th. Scotiabank set a $39.00 price objective on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Saturday, November 25th. Finally, Barclays boosted their price objective on shares of Newfield Exploration from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. Newfield Exploration presently has a consensus rating of “Hold” and a consensus target price of $37.86.

Shares of Newfield Exploration Company (NYSE NFX) traded down $0.44 on Friday, reaching $28.63. 1,719,400 shares of the company’s stock were exchanged, compared to its average volume of 2,907,493. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $5,720.00, a PE ratio of 14.46, a P/E/G ratio of 1.19 and a beta of 1.44. Newfield Exploration Company has a twelve month low of $24.41 and a twelve month high of $45.53.

Newfield Exploration (NYSE:NFX) last issued its quarterly 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 business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share. research analysts forecast that Newfield Exploration Company will post 2.11 EPS for the current fiscal year.

In other Newfield Exploration news, Director Juanita F. Romans sold 3,500 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total transaction of $105,070.00. Following the sale, the director now owns 39,034 shares of the company’s stock, valued at $1,171,800.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lee K. Boothby sold 12,000 shares of the company’s 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 sale, the chief executive officer now directly owns 255,322 shares in the company, valued at approximately $8,093,707.40. The disclosure for this sale can be found here. Insiders have sold 39,500 shares of company stock worth $1,210,270 in the last ninety days. Insiders own 0.54% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Newfield Exploration Company (NFX) Shares Sold by Energy Opportunities Capital Management LLC” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/12/15/newfield-exploration-company-nfx-shares-sold-by-energy-opportunities-capital-management-llc.html.

Newfield Exploration 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.

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

Receive News & Ratings for Newfield Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newfield Exploration and related companies with MarketBeat.com's FREE daily email newsletter.