Today The Schaper Benz & Wise Investment Counsel Inc. WI Lowers Position in Newfield Exploration Company (NFX)

Today The Schaper Benz & Wise Investment Counsel Inc. WI Lowers Position in Newfield Exploration Company (NFX)

Schaper Benz & Wise Investment Counsel Inc. WI cut its stake in shares of Newfield Exploration Company (NYSE:NFX) by 1.4% during the third quarter, Holdings Channel reports. The firm owned 177,295 shares of the energy company’s stock after selling 2,550 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Newfield Exploration Company were worth $7,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Newfield Exploration Company by 12.5% in the second quarter. Vanguard Group Inc. now owns 19,099,273 shares of the energy company’s stock worth $843,806,000 after buying an additional 2,128,367 shares during the period. State Street Corp increased its position in Newfield Exploration Company by 15.0% in the second quarter. State Street Corp now owns 9,771,173 shares of the energy company’s stock worth $431,692,000 after buying an additional 1,271,965 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Newfield Exploration Company by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,385,350 shares of the energy company’s stock worth $282,105,000 after buying an additional 65,942 shares during the period. BlackRock Fund Advisors increased its position in Newfield Exploration Company by 1.9% in the second quarter. BlackRock Fund Advisors now owns 3,602,590 shares of the energy company’s stock worth $159,162,000 after buying an additional 65,961 shares during the period. Finally, Waddell & Reed Financial Inc. increased its position in Newfield Exploration Company by 1.5% in the second quarter. Waddell & Reed Financial Inc. now owns 2,614,419 shares of the energy company’s stock worth $115,505,000 after buying an additional 39,170 shares during the period. Institutional investors and hedge funds own 97.00% of the company’s stock.

Newfield Exploration Company (NYSE:NFX) traded up 0.38% during mid-day trading on Wednesday, hitting $42.58. 209,702 shares of the stock were exchanged. The firm has a 50-day moving average price of $43.48 and a 200-day moving average price of $43.11. The stock’s market capitalization is $8.40 billion. Newfield Exploration Company has a 12-month low of $20.84 and a 12-month high of $50.00.

Newfield Exploration Company (NYSE:NFX) last released its quarterly earnings results on Tuesday, November 1st. The energy company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.18. Newfield Exploration Company had a positive return on equity of 12.41% and a negative net margin of 134.32%. The business earned $392 million during the quarter, compared to analysts’ expectations of $414.42 million. During the same period in the previous year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict that Newfield Exploration Company will post $1.06 earnings per share for the current fiscal year.

A number of research analysts have commented on NFX shares. Vetr upgraded shares of Newfield Exploration Company from a “buy” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, November 1st. Evercore ISI downgraded shares of Newfield Exploration Company from a “buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a research note on Friday, October 14th. Citigroup Inc. upgraded shares of Newfield Exploration Company from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 4th. Canaccord Genuity set a $50.00 price objective on shares of Newfield Exploration Company and gave the company a “buy” rating in a research note on Thursday, January 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $46.00 price objective on shares of Newfield Exploration Company in a research note on Wednesday, October 19th. Six analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $48.52.

In other Newfield Exploration Company news, insider Lee K. Boothby sold 30,000 shares of the business’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $41.72, for a total transaction of $1,251,600.00. Following the completion of the sale, the insider now directly owns 260,162 shares of the company’s stock, valued at approximately $10,853,958.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.44% of the company’s stock.

About Newfield Exploration Company

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.

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