Newfield Exploration Company (NFX) Stake Reduced by D. E. Shaw & Co. Inc., Report finds

Newfield Exploration Company (NFX) Stake Reduced by D. E. Shaw & Co. Inc., Report finds

D. E. Shaw & Co. Inc. decreased its stake in Newfield Exploration Company (NYSE:NFX) by 4.9% during the third quarter, Holdings Channel reports. The firm owned 217,297 shares of the energy company’s stock after selling 11,089 shares during the period. D. E. Shaw & Co. Inc. owned 0.11% of Newfield Exploration Company worth $9,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFX. Boston Partners increased its position in shares of Newfield Exploration Company by 69.1% in the third quarter. Boston Partners now owns 9,634,790 shares of the energy company’s stock valued at $418,728,000 after buying an additional 3,935,749 shares during the period. BlackRock Fund Advisors increased its position in shares of Newfield Exploration Company by 2.6% in the third quarter. BlackRock Fund Advisors now owns 3,696,611 shares of the energy company’s stock valued at $160,655,000 after buying an additional 94,021 shares during the period. Northern Trust Corp increased its position in shares of Newfield Exploration Company by 2.7% in the third quarter. Northern Trust Corp now owns 2,391,047 shares of the energy company’s stock valued at $103,915,000 after buying an additional 61,734 shares during the period. Teachers Advisors LLC increased its position in shares of Newfield Exploration Company by 1.2% in the third quarter. Teachers Advisors LLC now owns 2,114,232 shares of the energy company’s stock valued at $91,885,000 after buying an additional 25,008 shares during the period. Finally, Conatus Capital Management LP increased its position in shares of Newfield Exploration Company by 0.4% in the third quarter. Conatus Capital Management LP now owns 2,035,542 shares of the energy company’s stock valued at $88,465,000 after buying an additional 7,101 shares during the period. Institutional investors own 96.92% of the company’s stock.

Newfield Exploration Company (NYSE:NFX) traded up 1.38% on Wednesday, reaching $39.56. 2,160,115 shares of the company were exchanged. Newfield Exploration Company has a 12-month low of $20.84 and a 12-month high of $50.00. The firm’s market capitalization is $7.80 billion. The firm has a 50-day moving average of $41.63 and a 200 day moving average of $42.82.

NFX has been the subject of several research analyst reports. Wells Fargo & Company downgraded shares of Newfield Exploration Company from an “outperform” rating to a “market perform” rating in a report on Friday, December 16th. Zacks Investment Research upgraded shares of Newfield Exploration Company from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Monday, October 17th. RBC Capital Markets reiterated a “buy” rating and set a $56.00 price target on shares of Newfield Exploration Company in a report on Tuesday, January 3rd. Vetr upgraded shares of Newfield Exploration Company from a “buy” rating to a “strong-buy” rating and set a $55.00 price target for the company in a report on Tuesday, November 1st. Finally, Nomura restated a “buy” rating and issued a $47.00 price objective on shares of Newfield Exploration Company in a report on Monday, November 7th. Seven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $48.93.

In other news, insider Lee K. Boothby sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 28th. The shares were sold at an average price of $41.72, for a total value of $1,251,600.00. Following the transaction, the insider now owns 260,162 shares in the company, valued at $10,853,958.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by corporate insiders.

Newfield Exploration Company Company Profile

Newfield Exploration Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs). The Company’s operations are focused primarily on large scale, onshore liquids-rich resource plays in the United States. Its segments are the United States and China.

Want to see what other hedge funds are holding NFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newfield Exploration Company (NYSE:NFX).

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Newfield Exploration Company (NFX) Stake Reduced by D. E. Shaw & Co. Inc.

Newfield Exploration Company (NFX) Stake Reduced by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. decreased its stake in Newfield Exploration Company (NYSE:NFX) by 4.9% during the third quarter, Holdings Channel reports. The firm owned 217,297 shares of the energy company’s stock after selling 11,089 shares during the period. D. E. Shaw & Co. Inc. owned 0.11% of Newfield Exploration Company worth $9,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFX. Boston Partners increased its position in shares of Newfield Exploration Company by 69.1% in the third quarter. Boston Partners now owns 9,634,790 shares of the energy company’s stock valued at $418,728,000 after buying an additional 3,935,749 shares during the period. BlackRock Fund Advisors increased its position in shares of Newfield Exploration Company by 2.6% in the third quarter. BlackRock Fund Advisors now owns 3,696,611 shares of the energy company’s stock valued at $160,655,000 after buying an additional 94,021 shares during the period. Northern Trust Corp increased its position in shares of Newfield Exploration Company by 2.7% in the third quarter. Northern Trust Corp now owns 2,391,047 shares of the energy company’s stock valued at $103,915,000 after buying an additional 61,734 shares during the period. Teachers Advisors LLC increased its position in shares of Newfield Exploration Company by 1.2% in the third quarter. Teachers Advisors LLC now owns 2,114,232 shares of the energy company’s stock valued at $91,885,000 after buying an additional 25,008 shares during the period. Finally, Conatus Capital Management LP increased its position in shares of Newfield Exploration Company by 0.4% in the third quarter. Conatus Capital Management LP now owns 2,035,542 shares of the energy company’s stock valued at $88,465,000 after buying an additional 7,101 shares during the period. Institutional investors own 96.92% of the company’s stock.

Newfield Exploration Company (NYSE:NFX) traded up 1.38% on Wednesday, reaching $39.56. 2,160,115 shares of the company were exchanged. Newfield Exploration Company has a 12-month low of $20.84 and a 12-month high of $50.00. The firm’s market capitalization is $7.80 billion. The firm has a 50-day moving average of $41.63 and a 200 day moving average of $42.82.

NFX has been the subject of several research analyst reports. Wells Fargo & Company downgraded shares of Newfield Exploration Company from an “outperform” rating to a “market perform” rating in a report on Friday, December 16th. Zacks Investment Research upgraded shares of Newfield Exploration Company from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Monday, October 17th. RBC Capital Markets reiterated a “buy” rating and set a $56.00 price target on shares of Newfield Exploration Company in a report on Tuesday, January 3rd. Vetr upgraded shares of Newfield Exploration Company from a “buy” rating to a “strong-buy” rating and set a $55.00 price target for the company in a report on Tuesday, November 1st. Finally, Nomura restated a “buy” rating and issued a $47.00 price objective on shares of Newfield Exploration Company in a report on Monday, November 7th. Seven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $48.93.

In other news, insider Lee K. Boothby sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 28th. The shares were sold at an average price of $41.72, for a total value of $1,251,600.00. Following the transaction, the insider now owns 260,162 shares in the company, valued at $10,853,958.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by corporate insiders.

Newfield Exploration Company Company Profile

Newfield Exploration Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs). The Company’s operations are focused primarily on large scale, onshore liquids-rich resource plays in the United States. Its segments are the United States and China.

Want to see what other hedge funds are holding NFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newfield Exploration Company (NYSE:NFX).

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