Newfield Exploration Co. (NYSE:NFX) Holdings Cut by MUFG Securities EMEA plc

MUFG Securities EMEA plc reduced its stake in Newfield Exploration Co. (NYSE:NFX) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 283,881 shares of the energy company’s stock after selling 71,537 shares during the quarter. MUFG Securities EMEA plc owned about 0.14% of Newfield Exploration worth $4,162,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NFX. Legacy Financial Advisors Inc. lifted its stake in shares of Newfield Exploration by 748.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,697 shares of the energy company’s stock worth $25,000 after acquiring an additional 1,497 shares during the period. NuWave Investment Management LLC lifted its stake in shares of Newfield Exploration by 1,952.8% in the fourth quarter. NuWave Investment Management LLC now owns 1,827 shares of the energy company’s stock worth $27,000 after acquiring an additional 1,738 shares during the period. Rational Advisors LLC lifted its stake in Newfield Exploration by 1,952.8% in 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 period. JOYN Advisors Inc. lifted its stake in Newfield Exploration by 860.3% in 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 period. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Newfield Exploration by 125.4% in 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 period. 97.87% of the stock is currently owned by institutional investors.

The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 1.30. Newfield Exploration Co. has a 12 month low of $12.45 and a 12 month high of $31.46. The stock has a market capitalization of $3.43 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 0.37 and a beta of 1.85.

NFX has been the topic of several recent analyst reports. Williams Capital reissued a “hold” rating and issued a $20.00 price target on shares of Newfield Exploration in a research note on Monday, February 11th. Morgan Stanley set a $18.00 price target on Newfield Exploration and gave the company a “hold” rating in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.64.

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Newfield Exploration Company 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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