Apg Asset Management Nv Holds Position in Newfield Expl Co (NFX); Taylor Asset Management Has Upped Its Mbia (MBI) Holding by $2.44 Million

June 20, 2018 - By Peter Erickson

Newfield Exploration Company (NYSE:NFX) Logo

Apg Asset Management Nv increased its stake in Newfield Expl Co (NFX) by 58% based on its latest 2018Q1 regulatory filing with the SEC. Apg Asset Management Nv bought 26,100 shares as the company’s stock rose 12.67% while stock markets declined. The institutional investor held 71,100 shares of the oil & gas production company at the end of 2018Q1, valued at $1.41M, up from 45,000 at the end of the previous reported quarter. Apg Asset Management Nv who had been investing in Newfield Expl Co for a number of months, seems to be bullish on the $5.86 billion market cap company. The stock increased 1.64% or $0.48 during the last trading session, reaching $29.66. About 976,238 shares traded. Newfield Exploration Company (NYSE:NFX) has declined 14.19% since June 20, 2017 and is downtrending. It has underperformed by 26.76% the S&P500. Some Historical NFX News: 21/05/2018 – Newfield Presenting at UBS Global Oil & Gas Conference Tomorrow; 16/04/2018 – UNISYS NAMES MATHEW NEWFIELD AS CHIEF INFORMATION SECURITY; 01/05/2018 – Newfield Exploration 1Q Net $86M; 01/05/2018 – Newfield Exploration 1Q Adj EPS 82c; 16/03/2018 – S&PGR Revises Newfield Exploration Outlook To Pos; Rtgs Aff’d; 26/03/2018 – NEWFIELD EXPLORATION REFINANCED EXISTING REVOLVING CREDIT PACT; 01/05/2018 – Newfield Exploration 1Q EPS 43c; 16/03/2018 S&P REVISES NEWFIELD EXPLORATION CO. OUTLOOK TO ‘POSITIVE’ FROM ‘STABLE’; RATING ‘BB+’; 16/04/2018 – Unisys Appoints Mathew Newfield as Chief Information Security Officer; 26/03/2018 – Newfield Exploration Refinances Revolving Credit Facility

Taylor Asset Management Inc increased its stake in Mbia Inc (MBI) by 47.3% based on its latest 2018Q1 regulatory filing with the SEC. Taylor Asset Management Inc bought 305,600 shares as the company’s stock rose 4.88% while stock markets declined. The hedge fund held 951,739 shares of the finance company at the end of 2018Q1, valued at $8.11 million, up from 646,139 at the end of the previous reported quarter. Taylor Asset Management Inc who had been investing in Mbia Inc for a number of months, seems to be bullish on the $860.93 million market cap company. The stock decreased 0.57% or $0.055 during the last trading session, reaching $9.515. About 301,228 shares traded. MBIA Inc. (NYSE:MBI) has risen 6.18% since June 20, 2017 and is uptrending. It has underperformed by 6.39% the S&P500. Some Historical MBI News: 09/05/2018 – MBIA 1Q OPER LOSS/SHR 69C, EST. LOSS/SHR 13C (2 EST.); 14/03/2018 MBI, AGO: Bond insurers $AGO, $MBI and Syncora and Ad Hoc Prepa bondholders file urgent motion to intervene in adversary complaint filed by Puerto Rico Energy Commission against OBoard & Prepa; 25/04/2018 – MBIA Closes Below 50-Day Moving Average: Technicals; 09/05/2018 – MBIA INC – ADJUSTED BOOK VALUE (ABV) PER SHARE WAS $28.60 AS OF MARCH 31, 2018 COMPARED WITH $29.32 AS OF DECEMBER 31, 2017; 09/05/2018 – MBIA 1Q Loss $98M; 30/04/2018 – The Zohar Funds, Lynn Tilton, MBIA, and the Zohar III Noteholders Announce Resolution to Stay Litigation, Refinance and Monetiz; 30/05/2018 – MBIA Closes Below 200-Day Moving Average: Technicals; 09/05/2018 – MBIA 1Q Loss/Shr $1.12; 04/05/2018 – MBIA Inc. Investor Conference Call to Discuss First Quarter Financial Results Scheduled for Thursday, May 10 at 8:00 A.M; 09/05/2018 – MBIA INC – BOOK VALUE PER SHARE WAS $13.97 AS OF MARCH 31, 2018 COMPARED WITH $15.44 AS OF DECEMBER 31, 2017

Investors sentiment increased to 1.33 in 2018 Q1. Its up 0.32, from 1.01 in 2017Q4. It is positive, as 42 investors sold NFX shares while 111 reduced holdings. 55 funds opened positions while 149 raised stakes. 193.32 million shares or 1.35% less from 195.97 million shares in 2017Q4 were reported. 103,481 are held by Hightower Advsr Ltd Company. 11,744 are owned by Commerzbank Aktiengesellschaft Fi. Gateway Advisers Ltd Limited Liability Company, Ohio-based fund reported 10,651 shares. Lpl Ltd Limited Liability Company holds 36,163 shares or 0% of its portfolio. Cannell Peter B Company Inc holds 0.03% or 31,202 shares. Td Asset Management holds 119,644 shares. Clearbridge Invests Lc holds 8.86M shares. Eaton Vance Mgmt invested in 65,050 shares. Cullen Frost Bankers reported 9,762 shares. Southernsun Asset Mngmt Ltd Liability Corporation owns 4.28% invested in Newfield Exploration Company (NYSE:NFX) for 6.24 million shares. Retirement Of Alabama owns 174,180 shares for 0.02% of their portfolio. Fil Ltd has invested 0% in Newfield Exploration Company (NYSE:NFX). Cornercap Counsel has invested 0.26% in Newfield Exploration Company (NYSE:NFX). New York-based Eagle Capital Mgmt Ltd Liability Company has invested 0% in Newfield Exploration Company (NYSE:NFX). Reilly Fincl Limited Liability owns 63 shares.

Among 38 analysts covering Newfield Exploration Co. (NYSE:NFX), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Newfield Exploration Co. had 132 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, June 26 the stock rating was maintained by BMO Capital Markets with “Buy”. The firm earned “Neutral” rating on Tuesday, August 9 by Citigroup. The company was maintained on Thursday, June 30 by Imperial Capital. The stock of Newfield Exploration Company (NYSE:NFX) earned “Outperform” rating by RBC Capital Markets on Thursday, August 6. The rating was maintained by Cowen & Co on Friday, September 15 with “Buy”. Wunderlich initiated Newfield Exploration Company (NYSE:NFX) rating on Wednesday, April 27. Wunderlich has “Buy” rating and $42 target. The company was maintained on Tuesday, August 29 by Jefferies. The firm has “Neutral” rating given on Wednesday, January 4 by Bank of America. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, October 10. On Friday, February 26 the stock rating was upgraded by Suntrust Robinson to “Buy”.

More recent Newfield Exploration Company (NYSE:NFX) news were published by: Fool.com which released: “Why Oil Stocks Could Have Much Further to Run” on June 17, 2018. Also Benzinga.com published the news titled: “A Look Back At What’s Happened To Each Sector Through The First Half Of 2018 (Part 2)” on June 19, 2018. Seekingalpha.com‘s news article titled: “Newfield Exploration, Parsley Energy, WPX upped to Buy at Seaport Global” with publication date: May 23, 2018 was also an interesting one.

Since January 2, 2018, it had 2 insider purchases, and 2 selling transactions for $520,152 activity. The insider Boothby Lee K sold $381,000. PLANK ROGER B had bought 2,000 shares worth $46,768 on Wednesday, March 28.

Apg Asset Management Nv, which manages about $51.72B US Long portfolio, decreased its stake in Wells Fargo Co New (NYSE:WFC) by 635,876 shares to 9.82M shares, valued at $418.49 million in 2018Q1, according to the filing. It also reduced its holding in Martin Marietta Matls Inc (NYSE:MLM) by 71,777 shares in the quarter, leaving it with 17,764 shares, and cut its stake in Nordstrom Inc (NYSE:JWN).

Taylor Asset Management Inc, which manages about $232.96 million US Long portfolio, decreased its stake in Assured Guaranty Ltd (NYSE:AGO) by 10,500 shares to 764,400 shares, valued at $27.74 million in 2018Q1, according to the filing. It also reduced its holding in Whirlpool Corp (NYSE:WHR) by 9,219 shares in the quarter, leaving it with 187,264 shares, and cut its stake in Toronto Dominion Bk Ont (NYSE:TD).

Among 5 analysts covering MBIA Inc (NYSE:MBI), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. MBIA Inc had 10 analyst reports since August 7, 2015 according to SRatingsIntel. BTIG Research maintained MBIA Inc. (NYSE:MBI) on Friday, May 26 with “Buy” rating. The rating was maintained by M Partners on Thursday, June 16 with “Buy”. As per Wednesday, July 12, the company rating was maintained by BTIG Research. The rating was upgraded by M Partners on Tuesday, November 3 to “Buy”. The rating was initiated by Keefe Bruyette & Woods with “Hold” on Monday, February 5. The stock has “Market Perform” rating by Wood on Monday, April 25. The stock has “Buy” rating by BTIG Research on Wednesday, November 8. The firm has “Sell” rating given on Friday, August 7 by TheStreet.

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