Mitchell Group Inc buys $59,413,040 stake in Newfield Exploration Co. (NFX)

Newfield Exploration Co. (NFX) : Mitchell Group Inc scooped up 63,240 additional shares in Newfield Exploration Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,267,343 shares of Newfield Exploration Co. which is valued at $59,413,040.Newfield Exploration Co. makes up approximately 5.85% of Mitchell Group Inc’s portfolio.

Other Hedge Funds, Including , Alpine Partners Vi added NFX to its portfolio by purchasing 6,976 company shares during the most recent quarter which is valued at $327,035. Newfield Exploration Co. makes up approx 0.15% of Alpine Partners Vi’s portfolio.B T Capital Management Dba Alpha Capital Management boosted its stake in NFX in the latest quarter, The investment management firm added 2,710 additional shares and now holds a total of 40,166 shares of Newfield Exploration Co. which is valued at $1,882,982. Newfield Exploration Co. makes up approx 1.31% of B T Capital Management Dba Alpha Capital Management’s portfolio.Teacher Retirement System Of Texas reduced its stake in NFX by selling 9,629 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 196,782 shares of NFX which is valued at $9,095,264. Newfield Exploration Co. makes up approx 0.06% of Teacher Retirement System Of Texas’s portfolio.Janney Montgomery Scott boosted its stake in NFX in the latest quarter, The investment management firm added 17,137 additional shares and now holds a total of 39,075 shares of Newfield Exploration Co. which is valued at $1,769,316. Newfield Exploration Co. makes up approx 0.03% of Janney Montgomery Scott’s portfolio.Rothschild Asset Management Inc boosted its stake in NFX in the latest quarter, The investment management firm added 11,180 additional shares and now holds a total of 26,334 shares of Newfield Exploration Co. which is valued at $1,176,076. Newfield Exploration Co. makes up approx 0.02% of Rothschild Asset Management Inc’s portfolio.

Newfield Exploration Co. opened for trading at $44.15 and hit $45.13 on the upside on Monday, eventually ending the session at $45.03, with a gain of 1.99% or 0.88 points. The heightened volatility saw the trading volume jump to 21,31,082 shares. Company has a market cap of $8,943 M.

On the company’s financial health, Newfield Exploration Co. reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.17. The company had revenue of $381.00 million for the quarter, compared to analysts expectations of $387.42 million. The company’s revenue was down -18.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Newfield Exploration Co.. Williams Capital Group Initiated Newfield Exploration Co. on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $58.Newfield Exploration Co. was Downgraded by KLR Group to ” Hold” on Aug 5, 2016. Company shares were Reiterated by Stifel on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $48 .

Newfield Exploration Company (Newfield) is an independent energy company engaged in the exploration development and production of crude oil natural gas and natural gas liquids. The Company’s principal areas of operation are oil and liquids-rich resource plays in the Mid-Continent Rocky Mountains and onshore Gulf Coast regions of the United States. The Company operates through two segments: the United States and China. Approximately 46% of the Company’s proved reserves are located in Mid-Continent region. The Company’s assets consist of more than 400000 net acres in the Anadarko and Arkoma basins. Approximately 43% of its proved reserves are located in the Rocky Mountains region. The Company has approximately 92000 net acres in the Williston Basin. The Company has approximately 225000 net acres in the Uinta Basin. About 7% of the Company’s proved reserves are located in the onshore Gulf Coast region. Approximately 4% of the Company’s proved reserves are located in China.

Leave a Reply

Newfield Exploration Co. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Newfield Exploration Co.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.