Economy

Reinhart Partners Inc. Has $22.15 Million Stake in Newfield Exploration Company (NFX)

Reinhart Partners Inc. Has $22.15 Million Stake in Newfield Exploration Company (NFX)”

Over the past 50 days, Newfield Exploration Company stock's -4.10% off of the high and 25.30% removed from the low. The stock increased 1.87% or $1.84 on November 3, reaching $100.04.

Several other research analysts have also recently weighed in on NFX.

Newfield Exploration Company has a consensus outperform rating from 30 Wall Street analysts, and the number of shares now sold short amount to at least 4.41% of shares outstanding. Cowen and Company set a $35.00 price objective on Newfield Exploration and gave the company a "buy" rating in a research note on Tuesday, July 18th.

For the Current Quarter, the growth estimate for Newfield Exploration Co.is -8.9%, while for the Next Quarter the stock growth estimate is 8.2%. Newfield Exploration Company (NFX) received active focus from Investors and it has been traded on front line. About 7.15 million shares traded. On Wednesday, August 2 the stock rating was maintained by Williams Capital Group with "Buy". (NYSE:NFX). Tci Wealth Advsrs Incorporated has invested 0.03% in Newfield Exploration Co.

Since June 15, 2017, it had 1 buying transaction, and 0 sales for $25,416 activity. The company has a quick ratio of 1.27, a current ratio of 1.17 and a debt-to-equity ratio of 1.87. (NYSE:NFX). Moreover, M&T Fincl Bank Corporation has 0% invested in Newfield Exploration Co. The energy company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.09. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company's stock. Reinhart Partners Inc. owned about 0.38% of Newfield Exploration worth $22,152,000 at the end of the most recent quarter.

Reinhart Partners Inc. increased its holdings in Newfield Exploration Company (NYSE:NFX) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC.

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In other Newfield Exploration news, Director Roger B. Plank acquired 3,000 shares of Newfield Exploration stock in a transaction dated Friday, August 11th. Following the completion of the transaction, the director now directly owns 30,787 shares of the company's stock, valued at approximately $799,846.26. Also, insider Lee K. Boothby sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, October 2nd. It indicates oversold and overbought price levels for a stock.

Jabre Capital Partners Sa, which manages about $1.12 billion US Long portfolio, decreased its stake in Lockheed Martin Corp (NYSE:LMT) by 16,800 shares to 7,000 shares, valued at $1.94M in 2017Q2, according to the filing. The disclosure for this sale can be found here. The Brant Point Investment Management Llc holds 169,000 shares with $4.81 million value, up from 109,000 last quarter.

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of Newfield Exploration during the 2nd quarter worth about $42,542,000. Dekabank Deutsche Girozentrale stated it has 0.03% in Newfield Exploration Co. Institutional investors own 99.15% of the company's stock. Newfield Exploration Co. (NYSE:NFX) has declined 13.04% since November 4, 2016 and is downtrending. WI now owns 181,795 shares of the energy company's stock valued at $5,394,000 after purchasing an additional 6,950 shares during the period. It also reduced its holding in C&J Energy Svcs Inc New by 420,276 shares in the quarter, leaving it with 1.75M shares, and cut its stake in Civeo Corp Cda. Vanguard Group Inc. now owns 23,677,528 shares of the energy company's stock worth $673,862,000 after acquiring an additional 760,793 shares during the period. Finally, Thrivent Financial For Lutherans boosted its position in shares of Newfield Exploration by 3.2% during the second quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company's stock valued at $505,000 after acquiring an additional 70 shares during the last quarter.



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