Vollero Beach Capital Partners buys $18,968,632 stake in Newfield Exploration Co. (NFX)

Newfield Exploration Co. (NFX) : Vollero Beach Capital Partners scooped up 112,745 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 404,621 shares of Newfield Exploration Co. which is valued at $18,968,632.Newfield Exploration Co. makes up approximately 4.20% of Vollero Beach Capital Partners’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in NFX in the latest quarter, The investment management firm added 29,517 additional shares and now holds a total of 210,440 shares of Newfield Exploration Co. which is valued at $9,865,427. Newfield Exploration Co. makes up approx 0.04% of Envestnet Asset Management Inc’s portfolio.State Of Tennessee Treasury Department reduced its stake in NFX by selling 10,914 shares or 9.8% in the most recent quarter. The Hedge Fund company now holds 100,479 shares of NFX which is valued at $4,710,456. Newfield Exploration Co. makes up approx 0.02% of State Of Tennessee Treasury Department’s portfolio.Segall Bryant Hamill reduced its stake in NFX by selling 97,099 shares or 26.27% in the most recent quarter. The Hedge Fund company now holds 272,500 shares of NFX which is valued at $12,774,800. Newfield Exploration Co. makes up approx 0.32% of Segall Bryant Hamill’s portfolio.Victory Capital Management Inc reduced its stake in NFX by selling 5 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 2,510 shares of NFX which is valued at $118,497. 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 $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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