239 institutional investors are raising stakes in Newfield Exploration Company (NFX)

Newfield Exploration Company (NYSE:NFX) enjoyed a 27.42% run-up in share price since hitting record low of $22.72. The stock managed -0.55% fall and now stands at $28.95 as of 05/16/2018. At recent session, the prices were hovering between $28.6175 and $29.09. This company shares are 24.66% off its target price of $36.09 and the current market capitalization stands at $5.83B. The recent change has given its price a 11.53% lead over SMA 50 and -18.34% deficit over its 52-week high. The stock witnessed 9.91% gains, 8.31% gains and -9.78% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NFX’s volatility during a week at 2.48% and during a month it has been found around 3.7%.

Newfield Exploration Company (NFX) Top Holders

Institutional investors currently hold around $5.84 billion or 0% in NFX stock. Look at its top three institutional owners. Wellington Management Group Llp owns $812.71 million in Newfield Exploration Company, which represents roughly 13.94% of the company’s market cap and approximately 13.92% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 21,529,811 shares of the stock are valued at $626.73 million. The third largest holder is Blackrock Inc., which currently holds $409.74 million worth of this stock and that ownership represents nearly 7.03% of its market capitalization.

Newfield Exploration Company 13F Filings

At the end of 03/31/2018 reporting period, 239 institutional holders increased their position in Newfield Exploration Company (NYSE:NFX) by some 23,047,285 shares, 209 decreased positions by 23,462,875 and 56 held positions by 154,047,707. That puts total institutional holdings at 200,557,867 shares, according to SEC filings. The stock grabbed 59 new institutional investments totaling 5,922,098 shares while 61 institutional investors sold out their entire positions totaling 3,994,764 shares.

Newfield Exploration Company (NYSE:NFX) Insider Trades

Multiple company employees have indulged in significant insider trading. Newfield Exploration Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Plank Roger B has acquired 2,000 shares of Newfield Exploration Company (NFX) in trading session dated Mar. 28, 2018. These shares are worth $46,760 and were traded at $23.38 each. The SEC filing shows that Ricks Thomas G performed a purchase of 8,250 shares. The Director added these shares by way of transaction on Mar. 01, 2018. The company’s shares were assimilated at $23.78 per share worth to an investment of some $196,185 on account of Ricks Thomas G.

President and CEO, Boothby Lee K, sold 12,000 common shares of Newfield Exploration Company (NFX) in the open market. In a transaction dated Feb. 01, 2018, the shares were put up for sale at an average price of $31.75, raking in a sum of $381,000. After this sale, 215,720 common shares of NFX are directly owned by the insider, with total stake valued at $6,245,094.

In the transaction dated Jan. 02, 2018, the great number of shares disposed came courtesy the President and CEO; Boothby Lee K disposed a total of 12,000 shares at an average price of $31.84, amounting to approximately $382,080. The insider now directly owns 227,720 shares worth $6,592,494.

Newfield Exploration Company (NFX) Analyst Guide

Several analysts have released their opinion on Newfield Exploration Company (NYSE:NFX), with 14 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.83 average brokerage recommendation.

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