Newfield Exploration Co. (NFX) : Vollero Beach Capital Partners reduced its stake in Newfield Exploration Co. by 25.89% during the most recent quarter end. The investment management company now holds a total of 299,860 shares of Newfield Exploration Co. which is valued at $11,562,602 after selling 104,761 shares in Newfield Exploration Co. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Newfield Exploration Co. makes up approximately 4.58% of Vollero Beach Capital Partners’s portfolio.
Other Hedge Funds, Including , Kennedy Capital Management reduced its stake in NFX by selling 9,418 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 337,796 shares of NFX which is valued at $13,025,414. Newfield Exploration Co. makes up approx 0.24% of Kennedy Capital Management’s portfolio.Blackrock Group Ltd reduced its stake in NFX by selling 187,101 shares or 10.21% in the most recent quarter. The Hedge Fund company now holds 1,644,814 shares of NFX which is valued at $62,848,343. Newfield Exploration Co. makes up approx 0.03% of Blackrock Group Ltd’s portfolio.Ls Investment Advisors reduced its stake in NFX by selling 1,315 shares or 17.49% in the most recent quarter. The Hedge Fund company now holds 6,204 shares of NFX which is valued at $237,055. Newfield Exploration Co. makes up approx 0.02% of Ls Investment Advisors’s portfolio. Advisors Preferred sold out all of its stake in NFX during the most recent quarter. The investment firm sold 919 shares of NFX which is valued $36,135.Nationwide Fund Advisors reduced its stake in NFX by selling 1,703 shares or 2.97% in the most recent quarter. The Hedge Fund company now holds 55,717 shares of NFX which is valued at $2,461,577. Newfield Exploration Co. makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.
Newfield Exploration Co. opened for trading at $39.97 and hit $40.75 on the upside on Monday, eventually ending the session at $40.17, with a gain of 0.93% or 0.37 points. The heightened volatility saw the trading volume jump to 28,33,482 shares. Company has a market cap of $7,989 M.
On the company’s financial health, Newfield Exploration Co. reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.24. The company had revenue of $392.00 million for the quarter, compared to analysts expectations of $401.13 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Newfield Exploration Co.. Newfield Exploration Co. was Upgraded by Societe Generale to ” Buy” on Nov 10, 2016. Newfield Exploration Co. was Initiated by Morgan Stanley to “Equal-Weight” on Oct 31, 2016. Williams Capital Group Initiated Newfield Exploration Co. on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $58.
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.