Boston Partners Has $158.67 Million Position in Newfield Exploration Company (NFX)

Boston Partners boosted its position in shares of Newfield Exploration Company (NYSE:NFX) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,575,202 shares of the energy company’s stock after buying an additional 157,663 shares during the period. Boston Partners owned 2.80% of Newfield Exploration worth $158,670,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in NFX. B & T Capital Management DBA Alpha Capital Management increased its stake in shares of Newfield Exploration by 4.0% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 23,325 shares of the energy company’s stock worth $861,000 after buying an additional 892 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Newfield Exploration by 2.6% in the first quarter. ProShare Advisors LLC now owns 46,321 shares of the energy company’s stock worth $1,710,000 after buying an additional 1,158 shares in the last quarter. Guinness Asset Management Ltd increased its stake in shares of Newfield Exploration by 35.1% in the first quarter. Guinness Asset Management Ltd now owns 325,875 shares of the energy company’s stock worth $12,028,000 after buying an additional 84,700 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Newfield Exploration by 6.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,316 shares of the energy company’s stock worth $183,000 after buying an additional 310 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Newfield Exploration by 8.8% in the first quarter. Nationwide Fund Advisors now owns 59,026 shares of the energy company’s stock worth $2,179,000 after buying an additional 4,786 shares in the last quarter. Institutional investors and hedge funds own 99.05% of the company’s stock.

Newfield Exploration Company (NYSE NFX) opened at 25.92 on Friday. Newfield Exploration Company has a 1-year low of $25.46 and a 1-year high of $50.00. The company has a market capitalization of $5.12 billion, a PE ratio of 16.81 and a beta of 1.48. The company has a 50 day moving average of $27.24 and a 200 day moving average of $33.45.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $402 million during the quarter, compared to analysts’ expectations of $413.70 million. Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. On average, analysts predict that Newfield Exploration Company will post $1.91 earnings per share for the current fiscal year.

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NFX has been the topic of several research analyst reports. Scotiabank restated a “buy” rating and set a $46.00 target price on shares of Newfield Exploration in a report on Thursday, May 4th. Royal Bank Of Canada restated a “buy” rating and set a $54.00 target price on shares of Newfield Exploration in a report on Tuesday, April 25th. Barclays PLC restated an “equal weight” rating and set a $33.00 target price (down from $39.00) on shares of Newfield Exploration in a report on Saturday, April 22nd. Piper Jaffray Companies initiated coverage on shares of Newfield Exploration in a report on Monday, May 15th. They set a “buy” rating and a $55.00 target price on the stock. Finally, KLR Group upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating in a report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $43.21.

Newfield Exploration Company 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.

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

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