Newfield Exploration Co. (NFX) : Ardsley Advisory Partners reduced its stake in Newfield Exploration Co. by 5.0% during the most recent quarter end. The investment management company now holds a total of 399,000 shares of Newfield Exploration Co. which is valued at $15,385,440 after selling 21,000 shares in Newfield Exploration Co. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Newfield Exploration Co. makes up approximately 3.03% of Ardsley Advisory Partners’s portfolio.
Other Hedge Funds, Including , Lmr Partners Llp added NFX to its portfolio by purchasing 37,567 company shares during the most recent quarter which is valued at $1,477,134. Newfield Exploration Co. makes up approx 0.16% of Lmr Partners Llp’s portfolio.Howe Rusling Inc reduced its stake in NFX by selling 128 shares or 25.05% in the most recent quarter. The Hedge Fund company now holds 383 shares of NFX which is valued at $16,304.
Newfield Exploration Co. opened for trading at $39.97 and hit $40.75 on the upside on Monday, eventually ending the session at $40.17, with a gain of 0.93% or 0.37 points. The heightened volatility saw the trading volume jump to 28,33,482 shares. Company has a market cap of $7,989 M.
On the company’s financial health, Newfield Exploration Co. reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.24. The company had revenue of $392.00 million for the quarter, compared to analysts expectations of $401.13 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Newfield Exploration Co.. Newfield Exploration Co. was Upgraded by Societe Generale to ” Buy” on Nov 10, 2016. Newfield Exploration Co. was Initiated by Morgan Stanley to “Equal-Weight” on Oct 31, 2016. Williams Capital Group Initiated Newfield Exploration Co. on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $58.
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.