KBC Group NV lifted its position in Newfield Exploration Co. (NYSE:NFX) by 980.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 432,464 shares of the energy company’s stock after purchasing an additional 392,446 shares during the quarter. KBC Group NV owned 0.22% of Newfield Exploration worth $13,636,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss National Bank lifted its stake in shares of Newfield Exploration by 0.4% in the 4th quarter. Swiss National Bank now owns 734,900 shares of the energy company’s stock valued at $23,171,000 after acquiring an additional 2,700 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Newfield Exploration by 6.5% in the 4th quarter. California Public Employees Retirement System now owns 453,180 shares of the energy company’s stock valued at $14,289,000 after acquiring an additional 27,531 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Newfield Exploration in the 4th quarter valued at about $1,685,000. Essex Investment Management Co. LLC lifted its stake in shares of Newfield Exploration by 145.4% in the 4th quarter. Essex Investment Management Co. LLC now owns 39,024 shares of the energy company’s stock valued at $1,230,000 after acquiring an additional 23,123 shares during the last quarter. Finally, AT Bancorp bought a new stake in shares of Newfield Exploration in the 4th quarter valued at about $835,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. B. Riley assumed coverage on Newfield Exploration in a research note on Monday, February 5th. They issued a “buy” rating and a $46.00 target price for the company. Morgan Stanley boosted their target price on Newfield Exploration from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Williams Capital set a $46.00 target price on Newfield Exploration and gave the company a “buy” rating in a research note on Wednesday, November 1st. BMO Capital Markets set a $34.00 target price on Newfield Exploration and gave the company a “hold” rating in a research note on Tuesday, November 14th. Finally, KLR Group lowered Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $39.00.
In other Newfield Exploration news, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $31.75, for a total transaction of $381,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 36,000 shares of company stock valued at $1,138,680 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.
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.
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