Amica Pension Fund Board of Trustees continued to hold its position in Newfield Exploration Co. (NYSE:NFX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,688 shares of the energy company’s stock at the end of the first quarter. Amica Pension Fund Board of Trustees’ holdings in Newfield Exploration were worth $247,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NFX. Virtus Investment Advisers Inc. purchased a new position in Newfield Exploration during the third quarter valued at about $124,000. Massey Quick & Co. LLC purchased a new position in Newfield Exploration during the fourth quarter valued at about $122,000. Cornerstone Wealth Management LLC purchased a new position in Newfield Exploration during the third quarter valued at about $204,000. Mn Services Vermogensbeheer B.V. boosted its position in Newfield Exploration by 6.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,316 shares of the energy company’s stock valued at $183,000 after buying an additional 310 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Newfield Exploration during the first quarter valued at about $208,000. 96.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Newfield Exploration Co. (NYSE:NFX) traded up 2.79% during trading on Friday, hitting $34.59. 3,445,004 shares of the stock were exchanged. The stock’s 50 day moving average is $35.32 and its 200-day moving average is $39.65. The stock’s market cap is $6.83 billion. Newfield Exploration Co. has a 12-month low of $33.00 and a 12-month high of $50.00.
Newfield Exploration (NYSE:NFX) last posted its earnings results on Tuesday, May 2nd. The energy company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.12. The company earned $417 million during the quarter, compared to the consensus estimate of $425.44 million. Newfield Exploration had a negative net margin of 134.32% and a positive return on equity of 12.41%. Equities research analysts anticipate that Newfield Exploration Co. will post $2.13 EPS for the current year.
NFX has been the subject of a number of research analyst reports. Barclays PLC reaffirmed an “equal weight” rating and issued a $33.00 target price (down from $39.00) on shares of Newfield Exploration in a report on Saturday, April 22nd. BMO Capital Markets set a $40.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a report on Tuesday. Scotiabank reaffirmed a “buy” rating and issued a $46.00 target price on shares of Newfield Exploration in a report on Thursday. Canaccord Genuity set a $50.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a report on Saturday, February 11th. Finally, Williams Capital reaffirmed a “buy” rating and issued a $56.00 target price on shares of Newfield Exploration in a report on Wednesday. Seven analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Newfield Exploration has an average rating of “Buy” and a consensus target price of $50.05.
In other Newfield Exploration news, Director James Kent Wells bought 3,000 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was bought at an average cost of $36.94 per share, with a total value of $110,820.00. Following the completion of the transaction, the director now directly owns 11,563 shares of the company’s stock, valued at approximately $427,137.22. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lee K. Boothby sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $34.57, for a total transaction of $311,130.00. Following the completion of the sale, the insider now directly owns 335,047 shares of the company’s stock, valued at $11,582,574.79. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
Newfield Exploration Company Profile
Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.
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