Two Sigma Advisers LP Raises Holdings in Newfield Exploration Co. (NYSE:NFX)

Two Sigma Advisers LP raised its position in shares of Newfield Exploration Co. (NYSE:NFX) by 53.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,352,595 shares of the energy company’s stock after acquiring an additional 469,701 shares during the period. Two Sigma Advisers LP owned approximately 0.67% of Newfield Exploration worth $19,829,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Legacy Financial Advisors Inc. lifted its position in shares of Newfield Exploration by 748.5% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,697 shares of the energy company’s stock valued at $25,000 after buying an additional 1,497 shares during the last quarter. NuWave Investment Management LLC lifted its position in shares of Newfield Exploration by 1,952.8% during the fourth quarter. NuWave Investment Management LLC now owns 1,827 shares of the energy company’s stock valued at $27,000 after buying an additional 1,738 shares during the last quarter. Rational Advisors LLC lifted its position in shares of Newfield Exploration by 1,952.8% during the fourth quarter. Rational Advisors LLC now owns 1,827 shares of the energy company’s stock valued at $27,000 after buying an additional 1,738 shares during the last quarter. JOYN Advisors Inc. lifted its position in shares of Newfield Exploration by 860.3% during the fourth quarter. JOYN Advisors Inc. now owns 2,103 shares of the energy company’s stock valued at $31,000 after buying an additional 1,884 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of Newfield Exploration by 125.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,680 shares of the energy company’s stock valued at $39,000 after buying an additional 1,491 shares during the last quarter. Institutional investors and hedge funds own 97.87% of the company’s stock.

NYSE:NFX remained flat at $$17.07 during midday trading on Monday. Newfield Exploration Co. has a one year low of $12.45 and a one year high of $31.46. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt-to-equity ratio of 1.30. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 0.37 and a beta of 1.85.

Several research firms have commented on NFX. Morgan Stanley set a $18.00 price target on shares of Newfield Exploration and gave the company a “hold” rating in a research report on Tuesday, January 29th. Williams Capital reissued 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 downgraded shares of Newfield Exploration to a “hold” rating and set a $25.00 price objective on the stock. in a report on Sunday, December 16th. Finally, Capital One Financial downgraded shares of Newfield Exploration from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.75.

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Newfield Exploration Profile

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.

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

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