Zeke Capital Advisors LLC increased its position in shares of Newfield Exploration Co. (NYSE:NFX) by 103.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,660 shares of the energy company’s stock after acquiring an additional 8,982 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Newfield Exploration were worth $557,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. HBK Investments L P grew its position in Newfield Exploration by 11.9% during the fourth quarter. HBK Investments L P now owns 18,131 shares of the energy company’s stock valued at $572,000 after purchasing an additional 1,932 shares in the last quarter. Amalgamated Bank grew its position in Newfield Exploration by 5.3% in the fourth quarter. Amalgamated Bank now owns 41,413 shares of the energy company’s stock worth $1,306,000 after acquiring an additional 2,095 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its position in Newfield Exploration by 1.2% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 173,732 shares of the energy company’s stock worth $5,155,000 after acquiring an additional 2,127 shares in the last quarter. CIBC Asset Management Inc grew its position in Newfield Exploration by 12.5% in the third quarter. CIBC Asset Management Inc now owns 19,944 shares of the energy company’s stock worth $592,000 after acquiring an additional 2,217 shares in the last quarter. Finally, Fernwood Investment Management LLC grew its position in Newfield Exploration by 7.2% in the third quarter. Fernwood Investment Management LLC now owns 34,400 shares of the energy company’s stock worth $1,021,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 99.82% of the company’s stock.
Several analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Newfield Exploration in a research report on Monday, December 11th. They issued a “neutral” rating and a $30.00 target price for the company. B. Riley assumed coverage on shares of Newfield Exploration in a research report on Monday, February 5th. They issued a “buy” rating and a $46.00 target price for the company. BMO Capital Markets reissued a “hold” rating and issued a $36.00 target price on shares of Newfield Exploration in a research report on Sunday, January 14th. Wolfe Research downgraded shares of Newfield Exploration from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 5th. Finally, Cowen set a $40.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $37.59.
Newfield Exploration stock traded down $0.61 during midday trading on Monday, hitting $23.66. 372,386 shares of the company traded hands, compared to its average volume of 3,789,766. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.73. The company has a market cap of $4,847.26, a P/E ratio of 11.13, a P/E/G ratio of 0.60 and a beta of 1.57. Newfield Exploration Co. has a fifty-two week low of $22.72 and a fifty-two week high of $37.61.
Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, February 20th. The energy company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The firm had revenue of $509.00 million during the quarter, compared to analysts’ expectations of $497.95 million. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. sell-side analysts anticipate that Newfield Exploration Co. will post 3.04 earnings per share for the current fiscal year.
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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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