Mitchell Group Decreased Newfield Exploration Co (NFX) Position by $930,916 as Market Valuation Declined; Parnassus Investments Cut Its Ppg Industries (PPG) Position as Stock Value Declined

PPG Industries, Inc. (NYSE:PPG) Logo

Mitchell Group Inc decreased its stake in Newfield Exploration Co (NFX) by 4.27% based on its latest 2018Q3 regulatory filing with the SEC. Mitchell Group Inc sold 33,247 shares as the company’s stock declined 40.87% with the market. The institutional investor held 745,805 shares of the oil & gas production company at the end of 2018Q3, valued at $21.50 million, down from 779,052 at the end of the previous reported quarter. Mitchell Group Inc who had been investing in Newfield Exploration Co for a number of months, seems to be less bullish one the $3.23 billion market cap company. The stock increased 0.56% or $0.09 during the last trading session, reaching $16.29. About 18.21M shares traded or 149.04% up from the average. Newfield Exploration Company (NYSE:NFX) has declined 45.91% since February 12, 2018 and is downtrending. It has underperformed by 45.91% the S&P500. Some Historical NFX News: 01/05/2018 – Newfield Exploration 1Q Adj EPS 82c; 26/03/2018 – NEWFIELD EXPLORATION SAYS ON MARCH 23 REFINANCED EXISTING REVOLVING CREDIT FACILITY BY ENTERING INTO REVOLVING CREDIT FACILITY – SEC FILING; 16/03/2018 – S&P Affirms Newfield Exploration ‘BB+’ Corporate Rating; 01/05/2018 – NEWFIELD SEES FY CAPEX $1.3B; 26/03/2018 – Newfield Exploration: Credit Agreement Increases Aggregate Commitments to $2B From $1.8B; 26/03/2018 – NEWFIELD EXPLORATION SAYS CREDIT AGREEMENT INCREASED AGGREGATE COMMITMENTS FROM $1.8 BLN TO $2 BLN; 16/03/2018 S&P REVISES NEWFIELD EXPLORATION CO. OUTLOOK TO ‘POSITIVE’ FROM ‘STABLE’; RATING ‘BB+’; 16/04/2018 – UNISYS NAMES MATHEW NEWFIELD AS CHIEF INFORMATION SECURITY; 02/04/2018 – Fidelity Select Natural Gas Adds Newfield, Cuts Conoco; 01/05/2018 – Newfield Exploration 1Q EPS 43c

Parnassus Investments decreased its stake in Ppg Industries Inc. (PPG) by 0.08% based on its latest 2018Q3 regulatory filing with the SEC. Parnassus Investments sold 3,444 shares as the company’s stock declined 7.70% with the market. The institutional investor held 4.25 million shares of the basic industries company at the end of 2018Q3, valued at $464.13 million, down from 4.26 million at the end of the previous reported quarter. Parnassus Investments who had been investing in Ppg Industries Inc. for a number of months, seems to be less bullish one the $25.80B market cap company. The stock increased 2.70% or $2.82 during the last trading session, reaching $107.54. About 882,037 shares traded. PPG Industries, Inc. (NYSE:PPG) has declined 10.89% since February 12, 2018 and is downtrending. It has underperformed by 10.89% the S&P500. Some Historical PPG News: 14/05/2018 – Hagens Berman Alerts Investors in PPG Industries, Inc. (PPG) to the Firm’s Investigation of Admitted Improper Accounting; 29/05/2018 – The Klein Law Firm Notifies Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by PPG Industries, Inc. (PPG); 01/05/2018 – PPG Joins World Alliance for Efficient Solutions; 10/05/2018 – PPG Fires Controller After Finding Improper Accounting Entries; 10/05/2018 – PPG: CO. HAS IDENTIFIED SOME INADVERTENT ERRORS; 10/05/2018 – PPG Industries: Errors Will Be Corrected as Appropriate; 19/04/2018 – PPG – AUDIT COMMITTEE OF BOARD IS OVERSEEING INVESTIGATION OF MATTERS WITH ASSISTANCE OF OUTSIDE COUNSEL; 14/03/2018 – PPG Industries Raises Prices for Select Coatings Products for Automotive OEM Customers in the Americas; 22/05/2018 – Safirstein Metcalf LLP Announces That A Class Action Has Been Filed Against PPG Industries, Inc. – PPG; 19/04/2018 – PPG SAYS IN EMAIL EARNINGS RESULTS IN WIRE DISTRIBUTION QUEUE

More notable recent Newfield Exploration Company (NYSE:NFX) news were published by: Seekingalpha.com which released: “The SCOOP On Newfield – 2018’s STACKed Outlook – Seeking Alpha” on January 08, 2018, also Seekingalpha.com with their article: “STACK Showdown: Newfield Exploration Vs. Continental Resources – Seeking Alpha” published on January 03, 2017, Seekingalpha.com published: “Best And Worst Performing S&P 500 Stocks On Earnings – Seeking Alpha” on November 03, 2018. More interesting news about Newfield Exploration Company (NYSE:NFX) were released by: Fool.ca and their article: “Now Is the Time to Buy Encana Corp. (TSX:ECA) – The Motley Fool Canada” published on February 11, 2019 as well as Livetradingnews.com‘s news article titled: “Newfield (NYSE:NFX) Analysis – Live Trading News” with publication date: November 10, 2016.

Among 38 analysts covering Newfield Exploration Co. (NYSE:NFX), 20 have Buy rating, 0 Sell and 18 Hold. Therefore 53% are positive. Newfield Exploration Co. had 146 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, November 13 by KeyBanc Capital Markets. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, November 2 report. The stock of Newfield Exploration Company (NYSE:NFX) earned “Buy” rating by Bank of America on Thursday, January 4. The rating was downgraded by Seaport Global to “Neutral” on Monday, December 10. The firm earned “Hold” rating on Thursday, May 10 by Tudor Pickering. The stock of Newfield Exploration Company (NYSE:NFX) earned “Buy” rating by Williams Capital Group on Wednesday, August 2. The stock of Newfield Exploration Company (NYSE:NFX) earned “Buy” rating by Jefferies on Monday, March 19. Topeka Capital Markets initiated Newfield Exploration Company (NYSE:NFX) rating on Wednesday, March 23. Topeka Capital Markets has “Buy” rating and $42 target. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, April 18 report. The stock of Newfield Exploration Company (NYSE:NFX) earned “Buy” rating by RBC Capital Markets on Friday, April 13.

Since September 27, 2018, it had 0 buys, and 1 insider sale for $472,766 activity.

Investors sentiment increased to 1.29 in 2018 Q3. Its up 0.38, from 0.91 in 2018Q2. It improved, as 27 investors sold NFX shares while 122 reduced holdings. 70 funds opened positions while 122 raised stakes. 188.73 million shares or 2.24% less from 193.06 million shares in 2018Q2 were reported. Price T Rowe Associate Incorporated Md holds 0% or 341,006 shares in its portfolio. Northern Tru Corporation, a Illinois-based fund reported 2.29 million shares. 22,000 are owned by Bp Public Ltd Co. Creative Planning reported 10,648 shares stake. Old Natl Bancorporation In reported 14,753 shares. North Carolina-based Atria Invs Llc has invested 0.01% in Newfield Exploration Company (NYSE:NFX). 32,957 are owned by Metropolitan Life Insur New York. Lsv Asset Mgmt invested in 0.26% or 6.12M shares. Mcf Advisors Limited Liability Corporation holds 0.01% or 1,004 shares in its portfolio. First Hawaiian Bancorp owns 19,125 shares or 0.03% of their US portfolio. Van Eck Assoc invested in 0.38% or 2.72M shares. Schwab Charles holds 0.02% of its portfolio in Newfield Exploration Company (NYSE:NFX) for 1.19M shares. Hbk Limited Partnership has 0.01% invested in Newfield Exploration Company (NYSE:NFX). State Treasurer State Of Michigan holds 0.01% in Newfield Exploration Company (NYSE:NFX) or 59,512 shares. Marshall Wace Limited Liability Partnership has 248,748 shares for 0.06% of their portfolio.

Analysts await Newfield Exploration Company (NYSE:NFX) to report earnings on February, 19. They expect $0.86 earnings per share, up 21.13% or $0.15 from last year’s $0.71 per share. NFX’s profit will be $170.36 million for 4.74 P/E if the $0.86 EPS becomes a reality. After $1.01 actual earnings per share reported by Newfield Exploration Company for the previous quarter, Wall Street now forecasts -14.85% negative EPS growth.

Parnassus Investments, which manages about $10.39B and $26.19B US Long portfolio, upped its stake in Signature Bank (NASDAQ:SBNY) by 21,068 shares to 1.29 million shares, valued at $148.27M in 2018Q3, according to the filing. It also increased its holding in Lam Research Corp. (NASDAQ:LRCX) by 625,000 shares in the quarter, for a total of 700,000 shares, and has risen its stake in The Walt Disney Co. (NYSE:DIS).

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Businesswire.com which released: “PPG Named to Forbes’ 2019 “Best Employers for Diversity” List – Business Wire” on January 15, 2019, also Seekingalpha.com with their article: “Trian to skip PPG board challenge – Reuters – Seeking Alpha” published on January 17, 2019, Businesswire.com published: “PPG Reports Fourth Quarter and Full-Year 2018 Financial Results – Business Wire” on January 17, 2019. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Businesswire.com and their article: “PPG Directors Announce Quarterly Dividend of 48 Cents Per Share – Business Wire” published on January 17, 2019 as well as Crainsdetroit.com‘s news article titled: “Paint supplier PPG to close Livonia plant, cut 46 jobs – Crain’s Detroit Business” with publication date: February 08, 2019.

Investors sentiment decreased to 0.77 in 2018 Q3. Its down 0.04, from 0.81 in 2018Q2. It is negative, as 46 investors sold PPG shares while 258 reduced holdings. 75 funds opened positions while 158 raised stakes. 182.20 million shares or 0.66% more from 181.01 million shares in 2018Q2 were reported. Pensionfund Dsm Netherlands reported 27,700 shares stake. Netherlands-based Shell Asset has invested 0.04% in PPG Industries, Inc. (NYSE:PPG). Cap Ww Investors reported 0.07% stake. Dixon Hubard Feinour Brown Va reported 0.34% of its portfolio in PPG Industries, Inc. (NYSE:PPG). The Illinois-based Balyasny Asset Mngmt Lc has invested 0.01% in PPG Industries, Inc. (NYSE:PPG). Reliance Co Of Delaware has invested 0.19% in PPG Industries, Inc. (NYSE:PPG). The California-based Bailard Inc has invested 0.07% in PPG Industries, Inc. (NYSE:PPG). Wagner Bowman Mgmt Corp accumulated 0.12% or 4,366 shares. Finemark Natl Natl Bank reported 0.1% stake. City Hldgs owns 646 shares or 0.02% of their US portfolio. Clark Capital Mgmt Grp accumulated 2,256 shares. Alphamark Advisors Ltd Co stated it has 0.01% in PPG Industries, Inc. (NYSE:PPG). Fil Ltd has 7 shares. Cullen Frost Bankers Inc owns 77,170 shares. Employees Retirement Of Texas accumulated 11,000 shares.

Newfield Exploration Company (NYSE:NFX) Institutional Positions Chart