Janus Henderson Group PLC reduced its stake in shares of Newfield Exploration Co. (NYSE:NFX) by 76.4% in the 2nd quarter, Holdings Channel reports. The firm owned 567,449 shares of the energy company’s stock after selling 1,833,398 shares during the quarter. Janus Henderson Group PLC’s holdings in Newfield Exploration were worth $17,166,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Rampart Investment Management Company LLC raised its position in Newfield Exploration by 84.7% during the 1st quarter. Rampart Investment Management Company LLC now owns 4,513 shares of the energy company’s stock worth $110,000 after purchasing an additional 2,070 shares during the last quarter. Penserra Capital Management LLC raised its position in Newfield Exploration by 495.7% during the 1st quarter. Penserra Capital Management LLC now owns 5,016 shares of the energy company’s stock worth $130,000 after purchasing an additional 4,174 shares during the last quarter. Amica Pension Fund Board of Trustees bought a new position in Newfield Exploration during the 2nd quarter worth $178,000. Amica Mutual Insurance Co. bought a new position in Newfield Exploration during the 2nd quarter worth $198,000. Finally, Intact Investment Management Inc. bought a new position in Newfield Exploration during the 1st quarter worth $200,000. 99.29% of the stock is owned by institutional investors and hedge funds.

NFX stock opened at $27.21 on Friday. Newfield Exploration Co. has a 1-year low of $22.72 and a 1-year high of $35.20. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.72 and a quick ratio of 0.70. The stock has a market capitalization of $5.40 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.63 and a beta of 1.44.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, July 31st. The energy company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.12. The firm had revenue of $679.00 million during the quarter, compared to analyst estimates of $619.07 million. Newfield Exploration had a return on equity of 41.07% and a net margin of 17.53%. The business’s quarterly revenue was up 68.9% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. analysts expect that Newfield Exploration Co. will post 3.44 earnings per share for the current year.

Several research analysts recently issued reports on the company. ValuEngine lowered Newfield Exploration from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Seaport Global Securities reaffirmed a “buy” rating on shares of Newfield Exploration in a research report on Wednesday, July 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $33.00 target price on shares of Newfield Exploration in a research report on Thursday, July 12th. Zacks Investment Research lowered Newfield Exploration from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, B. Riley lifted their price objective on Newfield Exploration from $36.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, June 11th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. Newfield Exploration presently has a consensus rating of “Hold” and a consensus target price of $37.50.

About Newfield Exploration

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.

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

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