Ardsley Advisory Partners buys $30,003,200 stake in Newfield Exploration Co. (NFX)

Newfield Exploration Co. (NFX) : Ardsley Advisory Partners scooped up 200,000 additional shares in Newfield Exploration Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 640,000 shares of Newfield Exploration Co. which is valued at $30,003,200.Newfield Exploration Co. makes up approximately 5.48% of Ardsley Advisory Partners’s portfolio.

Other Hedge Funds, Including , Lpl Financial added NFX to its portfolio by purchasing 17,481 company shares during the most recent quarter which is valued at $819,509. Newfield Exploration Co. makes up approx 0.01% of Lpl Financial’s portfolio.Nuveen Asset Management reduced its stake in NFX by selling 26,104 shares or 20.26% in the most recent quarter. The Hedge Fund company now holds 102,721 shares of NFX which is valued at $4,815,560. Newfield Exploration Co. makes up approx 0.03% of Nuveen Asset Management’s portfolio.New Mexico Educational Retirement Board boosted its stake in NFX in the latest quarter, The investment management firm added 4,500 additional shares and now holds a total of 22,927 shares of Newfield Exploration Co. which is valued at $1,023,920. Newfield Exploration Co. makes up approx 0.04% of New Mexico Educational Retirement Board’s portfolio.Checchi Capital Advisers boosted its stake in NFX in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 367 shares of Newfield Exploration Co. which is valued at $16,306.

Newfield Exploration Co. opened for trading at $43.1 and hit $44.14 on the upside on Thursday, eventually ending the session at $44.12, with a gain of 1.75% or 0.76 points. The heightened volatility saw the trading volume jump to 21,91,417 shares. Company has a market cap of $8,762 M.

On the company’s financial health, Newfield Exploration Co. reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.17. The company had revenue of $381.00 million for the quarter, compared to analysts expectations of $387.42 million. The company’s revenue was down -18.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Newfield Exploration Co.. Williams Capital Group Initiated Newfield Exploration Co. on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $58.Newfield Exploration Co. was Downgraded by KLR Group to ” Hold” on Aug 5, 2016. Company shares were Reiterated by Stifel on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $48 .

Newfield Exploration Company (Newfield) is an independent energy company engaged in the exploration development and production of crude oil natural gas and natural gas liquids. The Company’s principal areas of operation are oil and liquids-rich resource plays in the Mid-Continent Rocky Mountains and onshore Gulf Coast regions of the United States. The Company operates through two segments: the United States and China. Approximately 46% of the Company’s proved reserves are located in Mid-Continent region. The Company’s assets consist of more than 400000 net acres in the Anadarko and Arkoma basins. Approximately 43% of its proved reserves are located in the Rocky Mountains region. The Company has approximately 92000 net acres in the Williston Basin. The Company has approximately 225000 net acres in the Uinta Basin. About 7% of the Company’s proved reserves are located in the onshore Gulf Coast region. Approximately 4% of the Company’s proved reserves are located in China.

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