Newfield Exploration Co. (NFX) Shares Bought by Neuberger Berman Group LLC

Neuberger Berman Group LLC raised its stake in Newfield Exploration Co. (NYSE:NFX) by 39.2% in the 1st quarter, HoldingsChannel reports. The firm owned 11,297 shares of the energy company’s stock after acquiring an additional 3,180 shares during the quarter. Neuberger Berman Group LLC’s holdings in Newfield Exploration were worth $276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. increased its stake in Newfield Exploration by 1.5% in the fourth quarter. BlackRock Inc. now owns 13,961,934 shares of the energy company’s stock valued at $440,218,000 after purchasing an additional 208,148 shares in the last quarter. Geode Capital Management LLC increased its stake in Newfield Exploration by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 2,163,284 shares of the energy company’s stock valued at $68,062,000 after purchasing an additional 67,472 shares in the last quarter. Two Sigma Advisers LP increased its stake in Newfield Exploration by 33.3% in the fourth quarter. Two Sigma Advisers LP now owns 2,041,087 shares of the energy company’s stock valued at $64,355,000 after purchasing an additional 509,757 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Newfield Exploration by 2.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,898,662 shares of the energy company’s stock valued at $59,865,000 after purchasing an additional 52,517 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Newfield Exploration by 1.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,092,553 shares of the energy company’s stock valued at $34,449,000 after purchasing an additional 17,026 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

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Shares of NFX stock opened at $29.15 on Monday. Newfield Exploration Co. has a 52-week low of $22.72 and a 52-week high of $35.20. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.72 and a beta of 1.48.

Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, May 1st. The energy company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.08. Newfield Exploration had a net margin of 18.96% and a return on equity of 36.67%. The business had revenue of $580.00 million during the quarter, compared to the consensus estimate of $552.56 million. During the same period in the prior year, the firm posted $0.57 EPS. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. equities analysts expect that Newfield Exploration Co. will post 3.25 EPS for the current year.

NFX has been the subject of several research analyst reports. Seaport Global Securities raised shares of Newfield Exploration from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Wednesday, May 23rd. UBS Group initiated coverage on shares of Newfield Exploration in a research note on Wednesday, March 7th. They issued a “buy” rating and a $30.00 price target for the company. Jefferies Financial Group set a $35.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Friday, February 23rd. Tudor Pickering downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. Finally, KLR Group raised shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. Newfield Exploration currently has an average rating of “Hold” and a consensus price target of $37.23.

In other news, Director Roger B. Plank acquired 2,000 shares of Newfield Exploration stock in a transaction on Wednesday, March 28th. The stock was acquired at an average cost of $23.38 per share, with a total value of $46,760.00. Following the transaction, the director now owns 32,787 shares of the company’s stock, valued at approximately $766,560.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.59% of the company’s stock.

Newfield Exploration Company Profile

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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