Kingdon Capital Management L.l.c. adds Newfield Exploration Co. (NFX) to its portfolio

Newfield Exploration Co. (NFX) : Kingdon Capital Management L.l.c. added new position in Newfield Exploration Co. during the most recent quarter end. The investment management firm now holds 613,883 shares of Newfield Exploration Co. which is valued at $28,778,835 , the company said in a statement filed on Aug 15, 2016 with the SEC.Newfield Exploration Co. makes up approximately 2.19% of Kingdon Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Cramer Rosenthal Mcglynn added NFX to its portfolio by purchasing 284,150 company shares during the most recent quarter which is valued at $13,320,952. Newfield Exploration Co. makes up approx 0.21% of Cramer Rosenthal Mcglynn’s portfolio.Dimensional Fund Advisors Lp reduced its stake in NFX by selling 514,795 shares or 26.77% in the most recent quarter. The Hedge Fund company now holds 1,408,395 shares of NFX which is valued at $65,096,017. Newfield Exploration Co. makes up approx 0.04% of Dimensional Fund Advisors Lp’s portfolio.Agf Investments reduced its stake in NFX by selling 1,710,843 shares or 67.48% in the most recent quarter. The Hedge Fund company now holds 824,478 shares of NFX which is valued at $36,821,187. Newfield Exploration Co. makes up approx 0.40% of Agf Investments’s portfolio.Capital Fund Management S.a. reduced its stake in NFX by selling 55,242 shares or 64.16% in the most recent quarter. The Hedge Fund company now holds 30,858 shares of NFX which is valued at $1,298,196. Newfield Exploration Co. makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.Strs Ohio boosted its stake in NFX in the latest quarter, The investment management firm added 5,963 additional shares and now holds a total of 517,963 shares of Newfield Exploration Co. which is valued at $21,790,703. Newfield Exploration Co. makes up approx 0.09% of Strs Ohio’s portfolio.

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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