Newfield Exploration Co. (NFX) : Bp Capital Fund Advisors reduced its stake in Newfield Exploration Co. by 12.7% during the most recent quarter end. The investment management company now holds a total of 158,953 shares of Newfield Exploration Co. which is valued at $7,451,717 after selling 23,115 shares in Newfield Exploration Co. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Newfield Exploration Co. makes up approximately 2.82% of Bp Capital Fund Advisors’s portfolio.
Other Hedge Funds, Including , Northcoast Asset Management sold out all of its stake in NFX during the most recent quarter. The investment firm sold 25,189 shares of NFX which is valued $1,180,860.Tiaa Cref Investment Management boosted its stake in NFX in the latest quarter, The investment management firm added 554,196 additional shares and now holds a total of 1,877,283 shares of Newfield Exploration Co. which is valued at $88,007,027. Newfield Exploration Co. makes up approx 0.06% of Tiaa Cref Investment Management’s portfolio.Cipher Capital Lp reduced its stake in NFX by selling 6,673 shares or 4.5% in the most recent quarter. The Hedge Fund company now holds 141,491 shares of NFX which is valued at $6,633,098. Newfield Exploration Co. makes up approx 0.44% of Cipher Capital Lp’s portfolio.Central Trust Co boosted its stake in NFX in the latest quarter, The investment management firm added 4,725 additional shares and now holds a total of 14,381 shares of Newfield Exploration Co. which is valued at $678,927. Newfield Exploration Co. makes up approx 0.05% of Central Trust Co’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in NFX in the latest quarter, The investment management firm added 3,251 additional shares and now holds a total of 29,664 shares of Newfield Exploration Co. which is valued at $1,324,794. Newfield Exploration Co. makes up approx 0.03% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.
Newfield Exploration Co. opened for trading at $45.15 and hit $45.28 on the upside on Wednesday, eventually ending the session at $44.91, with a gain of 0.04% or 0.02 points. The heightened volatility saw the trading volume jump to 2,065,868 shares. Company has a market cap of $8,919 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 Companys 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 Companys proved reserves are located in Mid-Continent region. The Companys 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 Companys proved reserves are located in the onshore Gulf Coast region. Approximately 4% of the Companys proved reserves are located in China.