Raymond James & Associates cut its position in shares of Newfield Exploration Co. (NYSE:NFX) by 35.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 480,260 shares of the energy company’s stock after selling 267,235 shares during the period. Raymond James & Associates owned 0.24% of Newfield Exploration worth $14,528,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. AMP Capital Investors Ltd increased its position in Newfield Exploration by 80.0% in the 2nd quarter. AMP Capital Investors Ltd now owns 117,179 shares of the energy company’s stock worth $3,543,000 after buying an additional 52,087 shares during the period. Rampart Investment Management Company LLC increased its position in Newfield Exploration by 196.5% in the 2nd quarter. Rampart Investment Management Company LLC now owns 13,381 shares of the energy company’s stock worth $405,000 after buying an additional 8,868 shares during the period. Van ECK Associates Corp increased its position in Newfield Exploration by 1.8% in the 2nd quarter. Van ECK Associates Corp now owns 3,472,064 shares of the energy company’s stock worth $105,030,000 after buying an additional 62,641 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Newfield Exploration by 125.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 48,549 shares of the energy company’s stock worth $1,469,000 after purchasing an additional 27,040 shares in the last quarter. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of Newfield Exploration during the 2nd quarter worth approximately $66,428,000. 99.29% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on NFX. SunTrust Banks lowered Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Seaport Global Securities reissued a “buy” rating on shares of Newfield Exploration in a report on Wednesday, July 25th. Zacks Investment Research lowered Newfield Exploration from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Goldman Sachs Group lowered Newfield Exploration from a “buy” rating to a “neutral” rating in a report on Wednesday, July 18th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $37.00 price objective on shares of Newfield Exploration in a report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $37.50.

Shares of NFX opened at $27.02 on Tuesday. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.45. Newfield Exploration Co. has a 52-week low of $22.72 and a 52-week high of $35.20. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.48.

Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, July 31st. The energy company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.12. The company had revenue of $679.00 million during the quarter, compared to the consensus estimate of $619.07 million. Newfield Exploration had a return on equity of 41.07% and a net margin of 17.53%. The firm’s quarterly revenue was up 68.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. equities research analysts forecast that Newfield Exploration Co. will post 3.44 earnings per share for the current year.

Newfield Exploration Company Profile

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.

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

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