Newfield Exploration Co. (NFX) Shares Bought by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. raised its stake in shares of Newfield Exploration Co. (NYSE:NFX) by 11.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 37,452 shares of the energy company’s stock after buying an additional 3,823 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Newfield Exploration were worth $1,180,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NFX. TD Asset Management Inc. grew its position in shares of Newfield Exploration by 15.3% in the 3rd quarter. TD Asset Management Inc. now owns 77,540 shares of the energy company’s stock worth $2,301,000 after buying an additional 10,305 shares during the period. Nordea Investment Management AB grew its position in shares of Newfield Exploration by 4.4% in the 3rd quarter. Nordea Investment Management AB now owns 115,982 shares of the energy company’s stock worth $3,441,000 after buying an additional 4,851 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Newfield Exploration by 7.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 224,130 shares of the energy company’s stock worth $6,612,000 after buying an additional 14,803 shares during the period. Legal & General Group Plc grew its position in shares of Newfield Exploration by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 942,162 shares of the energy company’s stock worth $27,951,000 after buying an additional 15,329 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Newfield Exploration by 12.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,773 shares of the energy company’s stock worth $1,951,000 after buying an additional 7,088 shares during the period. 99.82% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Newfield Exploration stock opened at $24.42 on Friday. The stock has a market capitalization of $4,877.21, a P/E ratio of 11.36, a PEG ratio of 0.70 and a beta of 1.57. Newfield Exploration Co. has a 1 year low of $22.72 and a 1 year high of $37.61. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.73.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings results on Tuesday, February 20th. The energy company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.11. The company had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $497.95 million. Newfield Exploration had a net margin of 24.17% and a return on equity of 35.57%. Newfield Exploration’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. analysts expect that Newfield Exploration Co. will post 2.98 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. KLR Group downgraded shares of Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Tuesday, January 23rd. Zacks Investment Research downgraded shares of Newfield Exploration from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Jefferies Group set a $35.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, February 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $29.00 target price (down from $36.00) on shares of Newfield Exploration in a research report on Friday, February 23rd. Finally, Stifel Nicolaus set a $45.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $37.55.

In related news, Director Thomas G. Ricks bought 8,250 shares of the stock in a transaction on Thursday, March 1st. The shares were acquired at an average price of $23.78 per share, for a total transaction of $196,185.00. Following the purchase, the director now owns 66,447 shares of the company’s stock, valued at $1,580,109.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $31.84, for a total transaction of $382,080.00. Following the transaction, the chief executive officer now owns 223,235 shares in the company, valued at approximately $7,107,802.40. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

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Newfield Exploration 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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Institutional Ownership by Quarter for Newfield Exploration (NYSE:NFX)

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