Barings LLC Has $1,403,000 Stake in Newfield Exploration Company (NFX)

Barings LLC continued to hold its position in shares of Newfield Exploration Company (NYSE:NFX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,000 shares of the energy company’s stock at the close of the second quarter. Barings LLC’s holdings in Newfield Exploration were worth $1,403,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc grew its stake in shares of Newfield Exploration by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock worth $505,000 after acquiring an additional 70 shares during the period. Utah Retirement Systems grew its stake in shares of Newfield Exploration by 0.3% during the 2nd quarter. Utah Retirement Systems now owns 36,416 shares of the energy company’s stock worth $1,037,000 after acquiring an additional 100 shares during the period. Pacer Advisors Inc. grew its stake in shares of Newfield Exploration by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock worth $138,000 after acquiring an additional 121 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Newfield Exploration by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock worth $353,000 after acquiring an additional 200 shares during the period. Finally, State Treasurer State of Michigan grew its stake in shares of Newfield Exploration by 0.3% during the 2nd quarter. State Treasurer State of Michigan now owns 65,512 shares of the energy company’s stock worth $1,864,000 after acquiring an additional 200 shares during the period. Institutional investors own 99.15% of the company’s stock.

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In other Newfield Exploration news, Director Roger B. Plank acquired 3,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $25.98 per share, with a total value of $77,940.00. Following the completion of the purchase, the director now directly owns 30,787 shares in the company, valued at approximately $799,846.26. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $26.18, for a total value of $314,160.00. Following the completion of the transaction, the insider now directly owns 279,322 shares of the company’s stock, valued at approximately $7,312,649.96. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Shares of Newfield Exploration Company (NFX) opened at 30.16 on Wednesday. Newfield Exploration Company has a 12-month low of $24.41 and a 12-month high of $50.00. The stock has a market cap of $5.96 billion, a PE ratio of 19.56 and a beta of 1.53. The firm has a 50 day moving average price of $27.58 and a 200 day moving average price of $30.13.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $413.70 million. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS. On average, equities analysts expect that Newfield Exploration Company will post $1.89 EPS for the current year.

Several research analysts have recently weighed in on the company. Cowen and Company set a $35.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $42.00 price target on shares of Newfield Exploration in a research note on Thursday, July 20th. BidaskClub downgraded Newfield Exploration from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Newfield Exploration from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus set a $37.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have assigned a buy rating to the stock. Newfield Exploration presently has a consensus rating of “Buy” and a consensus target price of $41.14.

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.

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

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