AGF Investments Inc. reduced its position in shares of Newfield Exploration Company (NYSE:NFX) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 714,216 shares of the energy company’s stock after selling 14,679 shares during the period. AGF Investments Inc. owned approximately 0.36% of Newfield Exploration worth $20,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in Newfield Exploration by 0.4% during the second quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock worth $505,000 after purchasing an additional 70 shares in the last quarter. Utah Retirement Systems raised its holdings in Newfield Exploration by 0.3% during the second quarter. Utah Retirement Systems now owns 36,416 shares of the energy company’s stock worth $1,037,000 after purchasing an additional 100 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Newfield Exploration by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock worth $138,000 after purchasing an additional 121 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Newfield Exploration by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock worth $353,000 after purchasing an additional 200 shares in the last quarter. Finally, State Treasurer State of Michigan raised its holdings in Newfield Exploration by 0.3% during the second quarter. State Treasurer State of Michigan now owns 65,512 shares of the energy company’s stock worth $1,864,000 after purchasing an additional 200 shares in the last quarter. 99.15% of the stock is owned by hedge funds and other institutional investors.

Shares of Newfield Exploration Company (NFX) opened at 26.22 on Friday. The company’s 50-day moving average is $26.31 and its 200-day moving average is $31.34. Newfield Exploration Company has a 12 month low of $24.41 and a 12 month high of $50.00. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 17.00 and a beta of 1.49.

Newfield Exploration (NYSE:NFX) last released 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. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The business had revenue of $402 million during the quarter, compared to the consensus estimate of $413.70 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Newfield Exploration Company will post $1.87 earnings per share for the current fiscal year.

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In related news, insider Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $26.18, for a total value of $314,160.00. Following the sale, the insider now directly owns 279,322 shares in the company, valued at approximately $7,312,649.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roger B. Plank bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $25.98 per share, for a total transaction of $77,940.00. Following the completion of the acquisition, the director now directly owns 30,787 shares in the company, valued at $799,846.26. The disclosure for this purchase can be found here. 0.54% of the stock is owned by insiders.

Several research analysts recently issued reports on the stock. Jefferies Group LLC set a $40.00 price target on shares of Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, August 29th. Royal Bank Of Canada set a $42.00 price target on shares of Newfield Exploration and gave the stock a “buy” rating in a report on Thursday, August 24th. Stifel Nicolaus set a $37.00 price target on shares of Newfield Exploration and gave the stock a “buy” rating in a report on Friday, August 18th. BidaskClub cut shares of Newfield Exploration from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Zacks Investment Research raised shares of Newfield Exploration from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Two investment 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 stock has a consensus rating of “Buy” and a consensus price target of $42.50.

Newfield Exploration Profile

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.

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

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