Newfield Exploration Co. (NFX) : Raveneur Investment Group Lp added new position in Newfield Exploration Co. during the most recent quarter end. The investment management firm now holds 295,750 shares of Newfield Exploration Co. which is valued at $13,864,760 , the company said in a statement filed on Aug 12, 2016 with the SEC.Newfield Exploration Co. makes up approximately 7.65% of Raveneur Investment Group Lp’s portfolio.
Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in NFX in the latest quarter, The investment management firm added 10,350 additional shares and now holds a total of 451,588 shares of Newfield Exploration Co. which is valued at $21,170,445. Newfield Exploration Co. makes up approx 0.03% of Parametric Portfolio Associates’s portfolio. Mesirow Financial Investment Management – Equity Management added NFX to its portfolio by purchasing 47,175 company shares during the most recent quarter which is valued at $2,227,132. Newfield Exploration Co. makes up approx 0.13% of Mesirow Financial Investment Management – Equity Management’s portfolio.Bnp Paribas Investment Partners S.a. boosted its stake in NFX in the latest quarter, The investment management firm added 6,714 additional shares and now holds a total of 15,692 shares of Newfield Exploration Co. which is valued at $740,819. Newfield Exploration Co. makes up approx 0.01% of Bnp Paribas Investment Partners S.a.’s portfolio.California State Teachers Retirement System reduced its stake in NFX by selling 3,625 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 429,201 shares of NFX which is valued at $19,168,117. Newfield Exploration Co. makes up approx 0.04% of California State Teachers Retirement System’s portfolio. Shinko Asset Management Ltd. added NFX to its portfolio by purchasing 507 company shares during the most recent quarter which is valued at $22,526.
Newfield Exploration Co. opened for trading at $44.15 and hit $45.13 on the upside on Monday, eventually ending the session at $45.03, with a gain of 1.99% or 0.88 points. The heightened volatility saw the trading volume jump to 21,31,082 shares. Company has a market cap of $8,943 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 Companys 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 Companys proved reserves are located in Mid-Continent region. The Companys 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 Companys proved reserves are located in the onshore Gulf Coast region. Approximately 4% of the Companys proved reserves are located in China.