Mitsubishi UFJ Trust & Banking Corp Has $11.89 Million Stake in Newfield Exploration Company (NFX)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Newfield Exploration Company (NYSE:NFX) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 417,589 shares of the energy company’s stock after selling 869 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.21% of Newfield Exploration worth $11,885,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Global X Management Co. LLC grew its stake in Newfield Exploration by 30.5% in the 1st quarter. Global X Management Co. LLC now owns 3,311 shares of the energy company’s stock valued at $122,000 after buying an additional 774 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Newfield Exploration in the 2nd quarter valued at $131,000. Pacer Advisors Inc. boosted its holdings in Newfield Exploration by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock valued at $138,000 after purchasing an additional 121 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Newfield Exploration in the 1st quarter valued at $175,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Newfield Exploration by 14.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the energy company’s stock valued at $210,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 99.15% of the company’s stock.

A number of brokerages have weighed in on NFX. BidaskClub raised shares of Newfield Exploration from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $36.00 price objective (down from $40.00) on shares of Newfield Exploration in a report on Wednesday, August 9th. Royal Bank Of Canada set a $54.00 price objective on shares of Newfield Exploration and gave the stock a “buy” rating in a report on Saturday, June 3rd. Barclays PLC reissued an “equal weight” rating and set a $22.00 price target (down from $23.00) on shares of Newfield Exploration in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Newfield Exploration from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have given a buy rating to the stock. Newfield Exploration presently has an average rating of “Buy” and a consensus target price of $41.44.

Shares of Newfield Exploration Company (NYSE NFX) traded up 1.23% during mid-day trading on Friday, hitting $28.82. 1,849,629 shares of the stock were exchanged. The stock’s 50 day moving average price is $26.05 and its 200-day moving average price is $30.64. The stock has a market capitalization of $5.69 billion, a P/E ratio of 18.69 and a beta of 1.49. Newfield Exploration Company has a 12-month low of $24.41 and a 12-month high of $50.00.

Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The company had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $413.70 million. During the same period in the prior year, the company posted $0.32 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Newfield Exploration Company will post $1.87 EPS for the current fiscal year.

In other Newfield Exploration news, Director Roger B. Plank purchased 3,000 shares of the stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $25.98 per share, with a total value of $77,940.00. Following the completion of the acquisition, the director now directly owns 30,787 shares in the company, valued at approximately $799,846.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $26.18, for a total value of $314,160.00. Following the transaction, the insider now directly owns 279,322 shares in the company, valued at $7,312,649.96. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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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.

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

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