Boston Partners boosted its stake in Newfield Exploration Company (NYSE:NFX) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,575,202 shares of the energy company’s stock after buying an additional 157,663 shares during the period. Boston Partners’ holdings in Newfield Exploration were worth $158,670,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in Newfield Exploration by 22.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,065,599 shares of the energy company’s stock valued at $30,327,000 after buying an additional 196,405 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Newfield Exploration by 112.4% in the second quarter. Canada Pension Plan Investment Board now owns 49,700 shares of the energy company’s stock valued at $1,414,000 after buying an additional 26,300 shares during the last quarter. Trexquant Investment LP purchased a new position in Newfield Exploration during the second quarter valued at $387,000. Mesirow Financial Investment Management Equity Management increased its position in Newfield Exploration by 22.1% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 37,600 shares of the energy company’s stock valued at $1,072,000 after buying an additional 6,810 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its position in Newfield Exploration by 5.7% in the second quarter. Pictet Asset Management Ltd. now owns 110,266 shares of the energy company’s stock valued at $3,581,000 after buying an additional 5,900 shares during the last quarter. Institutional investors own 99.05% of the company’s stock.

Newfield Exploration Company (NYSE:NFX) opened at 25.92 on Friday. Newfield Exploration Company has a one year low of $25.46 and a one year high of $50.00. The company’s 50 day moving average price is $27.24 and its 200-day moving average price is $33.45. The stock has a market capitalization of $5.12 billion, a PE ratio of 16.81 and a beta of 1.48.

Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $402 million during the quarter, compared to analysts’ expectations of $413.70 million. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. Newfield Exploration’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Analysts expect that Newfield Exploration Company will post $1.91 earnings per share for the current year.

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Several research firms have recently weighed in on NFX. Zacks Investment Research upgraded Newfield Exploration from a “sell” rating to a “hold” rating in a research note on Thursday. J P Morgan Chase & Co reiterated an “overweight” rating and set a $36.00 price target (down previously from $40.00) on shares of Newfield Exploration in a research note on Wednesday. Barclays PLC reiterated an “equal weight” rating and set a $22.00 price target (down previously from $23.00) on shares of Newfield Exploration in a research note on Wednesday. BMO Capital Markets restated a “buy” rating and issued a $34.00 target price on shares of Newfield Exploration in a research note on Friday, August 4th. Finally, Williams Capital set a $45.00 target price on Newfield Exploration and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $43.21.

About Newfield Exploration

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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Institutional Ownership by Quarter for Newfield Exploration (NYSE:NFX)

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