Engineers Gate Manager LP lessened its stake in Newfield Exploration Co. (NYSE:NFX) by 46.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,046 shares of the energy company’s stock after selling 12,935 shares during the quarter. Engineers Gate Manager LP’s holdings in Newfield Exploration were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NFX. Janus Henderson Group PLC increased its holdings in Newfield Exploration by 3,994.5% in the third quarter. Janus Henderson Group PLC now owns 1,899,262 shares of the energy company’s stock valued at $56,351,000 after purchasing an additional 1,852,876 shares during the last quarter. Prudential Financial Inc. increased its holdings in Newfield Exploration by 26.9% in the third quarter. Prudential Financial Inc. now owns 4,114,290 shares of the energy company’s stock valued at $122,071,000 after purchasing an additional 872,434 shares during the last quarter. Schroder Investment Management Group increased its holdings in Newfield Exploration by 70.3% in the third quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock valued at $62,209,000 after purchasing an additional 869,092 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Newfield Exploration by 110.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,278,674 shares of the energy company’s stock valued at $37,938,000 after purchasing an additional 671,123 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Newfield Exploration in the third quarter valued at about $17,802,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Newfield Exploration Co. (NYSE NFX) opened at $26.11 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $5,345.79, a PE ratio of 15.09, a P/E/G ratio of 0.54 and a beta of 1.35. Newfield Exploration Co. has a fifty-two week low of $24.41 and a fifty-two week high of $43.74.

NFX has been the subject of a number of recent analyst reports. Scotiabank set a $39.00 price objective on Newfield Exploration and gave the company a “buy” rating in a report on Saturday, November 25th. Zacks Investment Research upgraded Newfield Exploration from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a report on Monday, January 15th. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 price objective on shares of Newfield Exploration in a report on Tuesday, January 9th. KLR Group downgraded Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a report on Tuesday, January 23rd. Finally, Williams Capital set a $46.00 price target on Newfield Exploration and gave the stock a “buy” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. Newfield Exploration currently has a consensus rating of “Buy” and an average target price of $39.00.

In related news, insider Lee K. Boothby sold 12,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.30, for a total transaction of $375,600.00. Following the completion of the transaction, the insider now directly owns 243,322 shares in the company, valued at $7,615,978.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 36,000 shares of company stock valued at $1,138,680. 0.54% of the stock is owned by corporate insiders.

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

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