Comerica Bank raised its position in Newfield Exploration Co. (NYSE:NFX) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,180 shares of the energy company’s stock after acquiring an additional 1,553 shares during the period. Comerica Bank’s holdings in Newfield Exploration were worth $767,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of NFX. Canada Pension Plan Investment Board grew its position in Newfield Exploration by 9.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 298,400 shares of the energy company’s stock worth $4,374,000 after acquiring an additional 26,100 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Newfield Exploration by 134.2% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 32,309 shares of the energy company’s stock worth $474,000 after acquiring an additional 18,515 shares during the last quarter. Honeywell International Inc. grew its position in Newfield Exploration by 0.4% during the 4th quarter. Honeywell International Inc. now owns 300,700 shares of the energy company’s stock worth $4,408,000 after acquiring an additional 1,300 shares during the last quarter. LSV Asset Management grew its position in Newfield Exploration by 1.0% during the 4th quarter. LSV Asset Management now owns 6,183,441 shares of the energy company’s stock worth $90,649,000 after acquiring an additional 59,800 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in Newfield Exploration during the 4th quarter worth approximately $35,288,000. 97.87% of the stock is owned by hedge funds and other institutional investors.
NYSE:NFX opened at $17.07 on Friday. Newfield Exploration Co. has a 12-month low of $12.45 and a 12-month high of $31.46. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.70 and a current ratio of 0.72. The firm has a market capitalization of $3.43 billion, a PE ratio of 7.94, a P/E/G ratio of 0.37 and a beta of 1.85.
A number of equities research analysts recently commented on the company. Morgan Stanley decreased their price target on Newfield Exploration from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, November 20th. Seaport Global Securities lowered Newfield Exploration from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Monday, December 10th. Williams Capital restated a “hold” rating and set a $20.00 price target on shares of Newfield Exploration in a research report on Monday, February 11th. Johnson Rice lowered Newfield Exploration to a “hold” rating and set a $25.00 price target on the stock. in a research report on Sunday, December 16th. Finally, Capital One Financial lowered Newfield Exploration from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.85.
About Newfield Exploration
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.
Further Reading: Mutual Funds
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