Parametric Portfolio Associates LLC Has $17.47 Million Holdings in Newfield Exploration Co. (NFX)
Parametric Portfolio Associates LLC raised its position in shares of Newfield Exploration Co. (NYSE:NFX) by 36.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 588,777 shares of the energy company’s stock after buying an additional 157,483 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.29% of Newfield Exploration worth $17,469,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in shares of Newfield Exploration by 8.5% during the second quarter. Pacer Advisors Inc. now owns 4,059 shares of the energy company’s stock valued at $116,000 after buying an additional 319 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Newfield Exploration during the second quarter valued at about $131,000. Riverhead Capital Management LLC lifted its position in shares of Newfield Exploration by 17.1% during the second quarter. Riverhead Capital Management LLC now owns 6,922 shares of the energy company’s stock valued at $197,000 after buying an additional 1,013 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Newfield Exploration during the third quarter valued at about $212,000. Finally, Thrivent Financial For Lutherans lifted its position in shares of Newfield Exploration by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after buying an additional 230 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on the stock. Jefferies Group set a $40.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Wednesday, December 20th. Seaport Global Securities raised shares of Newfield Exploration from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. downgraded shares of Newfield Exploration from an “overweight” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a report on Friday, December 15th. Credit Suisse Group began coverage on shares of Newfield Exploration in a report on Monday, December 11th. They set a “neutral” rating and a $30.00 price objective on the stock. Finally, Wolfe Research downgraded shares of Newfield Exploration from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.90.
Newfield Exploration Co. (NYSE:NFX) opened at $31.82 on Thursday. Newfield Exploration Co. has a fifty-two week low of $24.41 and a fifty-two week high of $43.74. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.17 and a quick ratio of 1.15. The firm has a market cap of $6,430.00, a P/E ratio of 18.39, a P/E/G ratio of 1.27 and a beta of 1.44.
Newfield Exploration (NYSE:NFX) last issued its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. analysts expect that Newfield Exploration Co. will post 2.14 earnings per share for the current year.
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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.
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