Metropolitan Life Insurance Co. NY Sells 708 Shares of Newfield Exploration Company (NFX)

Metropolitan Life Insurance Co. NY lowered its stake in shares of Newfield Exploration Company (NYSE:NFX) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,310 shares of the energy company’s stock after selling 708 shares during the period. Metropolitan Life Insurance Co. NY owned about 0.05% of Newfield Exploration worth $3,702,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of NFX. Wellington Management Group LLP raised its position in Newfield Exploration by 31.1% in the first quarter. Wellington Management Group LLP now owns 27,063,455 shares of the energy company’s stock valued at $998,913,000 after buying an additional 6,422,891 shares during the last quarter. Vanguard Group Inc. increased its stake in Newfield Exploration by 5.2% in the first quarter. Vanguard Group Inc. now owns 22,916,735 shares of the energy company’s stock valued at $845,856,000 after buying an additional 1,131,263 shares during the period. BlackRock Inc. increased its stake in Newfield Exploration by 2,798.4% in the first quarter. BlackRock Inc. now owns 13,788,511 shares of the energy company’s stock valued at $508,934,000 after buying an additional 13,312,785 shares during the period. State Street Corp increased its stake in Newfield Exploration by 10.3% in the first quarter. State Street Corp now owns 11,470,973 shares of the energy company’s stock valued at $423,392,000 after buying an additional 1,066,743 shares during the period. Finally, Prudential Financial Inc. increased its stake in Newfield Exploration by 45.5% in the first quarter. Prudential Financial Inc. now owns 3,825,967 shares of the energy company’s stock valued at $141,216,000 after buying an additional 1,197,112 shares during the period. Institutional investors and hedge funds own 99.07% of the company’s stock.

Newfield Exploration Company (NFX) traded down 1.16% on Friday, reaching $26.49. 3,143,914 shares of the company’s stock were exchanged. Newfield Exploration Company has a 12 month low of $25.46 and a 12 month high of $50.00. The firm’s market capitalization is $5.22 billion. The firm has a 50-day moving average of $28.41 and a 200-day moving average of $35.05.

Newfield Exploration (NYSE:NFX) last announced its earnings results on Tuesday, May 2nd. The energy company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The business had revenue of $417 million during the quarter, compared to analysts’ expectations of $425.44 million. Newfield Exploration had a negative net margin of 28.60% and a positive return on equity of 33.87%. On average, equities analysts expect that Newfield Exploration Company will post $2.08 earnings per share for the current year.

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Several equities research analysts recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 price target on shares of Newfield Exploration in a research note on Wednesday, April 12th. Scotiabank reaffirmed a “buy” rating and set a $46.00 price target on shares of Newfield Exploration in a research note on Thursday, May 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price target on shares of Newfield Exploration in a research note on Tuesday, April 25th. Barclays PLC reaffirmed an “equal weight” rating and set a $33.00 price target (down previously from $39.00) on shares of Newfield Exploration in a research note on Saturday, April 22nd. Finally, Piper Jaffray Companies assumed coverage on shares of Newfield Exploration in a research note on Monday, May 15th. They set a “buy” rating and a $55.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $44.93.

In related news, insider Lee K. Boothby sold 9,000 shares of the stock in a transaction dated Monday, May 1st. The shares were 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 owns 335,047 shares in the company, valued at approximately $11,582,574.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

About Newfield Exploration

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.

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

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