Nordea Investment Management Ab Increased Newfield Exploration (NYSE:NFX) Stake by $10.09 Million

February 14, 2018 - By marketbeat

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.01, from 1.08 in 2017Q2. It improved, as 38 investors sold NFX shares while 122 reduced holdings. 43 funds opened positions while 132 raised stakes. 195.89 million shares or 2.01% less from 199.90 million shares in 2017Q2 were reported. Teachers Retirement System Of The State Of Kentucky accumulated 196,356 shares or 0.07% of the stock. Credit Agricole S A invested in 572,966 shares. Aqr Management Ltd Liability Corp stated it has 0.03% in Newfield Exploration Company (NYSE:NFX). Asset Management Inc owns 9,093 shares. Moreover, Riverhead Cap Ltd Liability has 0.05% invested in Newfield Exploration Company (NYSE:NFX). Reilly Fincl Advsrs has 0% invested in Newfield Exploration Company (NYSE:NFX). State Of Tennessee Treasury Department owns 54,202 shares or 0.01% of their US portfolio. Artemis Investment Llp reported 38,104 shares. Proshare Advsrs Lc has invested 0.01% in Newfield Exploration Company (NYSE:NFX). 10,769 were accumulated by Raymond James Trust Na. Citadel Advisors Ltd Limited Liability Company has invested 0.01% of its portfolio in Newfield Exploration Company (NYSE:NFX). Pacific Heights Asset Management Limited Liability Co holds 315,000 shares. Cibc Mkts Corporation accumulated 0.01% or 29,017 shares. United Cap Financial Advisers Limited Company owns 31,116 shares for 0.01% of their portfolio. Vanguard Grp has invested 0.03% in Newfield Exploration Company (NYSE:NFX).

Since September 1, 2017, it had 0 insider purchases, and 4 insider sales for $1.43 million activity.

Nordea Investment Management Ab increased its stake in Newfield Exploration (NYSE:NFX) by 280.7% based on its latest 2017Q4 regulatory filing with the SEC. Nordea Investment Management Ab bought 325,567 shares as the company’s stock declined 17.43% while stock markets rallied. The institutional investor held 441,549 shares of the oil & gas production company at the end of 2017Q4, valued at $13.92 million, up from 115,982 at the end of the previous reported quarter. Nordea Investment Management Ab who had been investing in Newfield Exploration for a number of months, seems to be bullish on the $5.16B market cap company. The stock decreased 2.50% or $0.67 during the last trading session, reaching $26.11. About 2.82 million shares traded or 12.61% up from the average. Newfield Exploration Company (NYSE:NFX) has declined 13.04% since February 14, 2017 and is downtrending. It has underperformed by 29.74% the S&P500.

Nordea Investment Management Ab, which manages about $42.34 billion US Long portfolio, decreased its stake in Zimmer Biomet Holdings (ZMH) by 254,097 shares to 5.02 million shares, valued at $606.19 million in 2017Q4, according to the filing. It also reduced its holding in Scana (NYSE:SCG) by 660,127 shares in the quarter, leaving it with 466,448 shares, and cut its stake in Wells Fargo (NYSE:WFC).

Newfield Exploration Company (NYSE:NFX) Ratings Coverage

Among 36 analysts covering Newfield Exploration Co. (NYSE:NFX), 24 have Buy rating, 0 Sell and 12 Hold. Therefore 67% are positive. Newfield Exploration Co. has $58 highest and $22 lowest target. $41.32’s average target is 58.25% above currents $26.11 stock price. Newfield Exploration Co. had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Buy” on Tuesday, October 31. On Wednesday, September 9 the stock rating was initiated by Credit Suisse with “Outperform”. JP Morgan initiated Newfield Exploration Company (NYSE:NFX) rating on Wednesday, December 9. JP Morgan has “Overweight” rating and $47 target. JP Morgan downgraded Newfield Exploration Company (NYSE:NFX) on Friday, December 15 to “Neutral” rating. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, November 7. As per Thursday, June 30, the company rating was maintained by Imperial Capital. The company was initiated on Monday, December 11 by Credit Suisse. The firm earned “Buy” rating on Wednesday, December 23 by Cantor Fitzgerald. On Monday, May 16 the stock rating was downgraded by KLR Group to “Accumulate”. The stock has “Buy” rating by Citigroup on Friday, July 21.

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 market cap of $5.16 billion. The companyÂ’s principal areas of operation include the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah. It has a 15.08 P/E ratio. It also holds oil producing assets offshore China.

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