Kennedy Capital Management Inc. decreased its stake in Newfield Exploration Co. (NYSE:NFX) by 52.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,927 shares of the energy company’s stock after selling 110,232 shares during the period. Kennedy Capital Management Inc.’s holdings in Newfield Exploration were worth $3,119,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NFX. Janus Henderson Group PLC boosted its holdings in shares of Newfield Exploration by 3,994.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,899,262 shares of the energy company’s stock valued at $56,351,000 after buying an additional 1,852,876 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Newfield Exploration by 26.9% in the 3rd quarter. Prudential Financial Inc. now owns 4,114,290 shares of the energy company’s stock valued at $122,071,000 after buying an additional 872,434 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Newfield Exploration by 70.3% in the 3rd quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock valued at $62,209,000 after buying an additional 869,092 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Newfield Exploration by 210.1% in the 4th quarter. OppenheimerFunds Inc. now owns 1,002,611 shares of the energy company’s stock valued at $31,612,000 after buying an additional 679,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Newfield Exploration by 110.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,278,674 shares of the energy company’s stock valued at $37,938,000 after buying an additional 671,123 shares in the last quarter. Institutional investors and hedge funds own 99.82% of the company’s stock.

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Newfield Exploration Co. (NYSE NFX) opened at $23.50 on Wednesday. The company has a market cap of $4,653.53, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.60 and a beta of 1.57. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.89 and a current ratio of 0.91. Newfield Exploration Co. has a 12-month low of $22.72 and a 12-month high of $37.61.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings data on Tuesday, February 20th. The energy company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.11. The company had revenue of $509.00 million during the quarter, compared to the consensus estimate of $497.95 million. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. Newfield Exploration’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. sell-side analysts expect that Newfield Exploration Co. will post 2.94 earnings per share for the current year.

Several research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Newfield Exploration in a report on Wednesday, March 7th. They issued a “buy” rating and a $30.00 target price for the company. Stifel Nicolaus set a $45.00 price target on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Friday, March 2nd. Jefferies Group set a $35.00 price target on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Friday, February 23rd. BMO Capital Markets reiterated a “market perform” rating and set a $29.00 price target (down previously from $36.00) on shares of Newfield Exploration in a research note on Friday, February 23rd. Finally, KLR Group upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.59.

In other news, CEO Lee K. Boothby sold 12,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $31.84, for a total value of $382,080.00. Following the completion of the transaction, the chief executive officer now owns 223,235 shares in the company, valued at approximately $7,107,802.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas G. Ricks purchased 8,250 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was bought at an average price of $23.78 per share, with a total value of $196,185.00. Following the acquisition, the director now directly owns 66,447 shares in the company, valued at $1,580,109.66. The disclosure for this purchase can be found here. Company insiders own 0.54% of the company’s stock.

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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.

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

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