Southport Management L.L.C. raised its stake in Newfield Exploration Company (NYSE:NFX) by 56.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,500 shares of the energy company’s stock after buying an additional 12,500 shares during the quarter. Newfield Exploration comprises about 2.7% of Southport Management L.L.C.’s portfolio, making the stock its 11th biggest holding. Southport Management L.L.C.’s holdings in Newfield Exploration were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of NFX. Louisiana State Employees Retirement System lifted its position in Newfield Exploration by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the energy company’s stock valued at $353,000 after buying an additional 200 shares during the last quarter. Aperio Group LLC lifted its position in shares of Newfield Exploration by 69.3% during the second quarter. Aperio Group LLC now owns 66,884 shares of the energy company’s stock worth $1,904,000 after purchasing an additional 27,377 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Newfield Exploration by 0.4% during the second quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock worth $505,000 after buying an additional 70 shares during the period. Sei Investments Co. increased its stake in shares of Newfield Exploration by 0.7% during the second quarter. Sei Investments Co. now owns 376,756 shares of the energy company’s stock worth $10,722,000 after buying an additional 2,703 shares during the period. Finally, Pictet Asset Management Ltd. increased its stake in shares of Newfield Exploration by 5.7% during the second quarter. Pictet Asset Management Ltd. now owns 110,266 shares of the energy company’s stock worth $3,581,000 after buying an additional 5,900 shares during the period. 99.83% of the stock is currently owned by institutional investors.

NFX has been the topic of a number of recent research reports. Jefferies Group set a $40.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Royal Bank Of Canada set a $42.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Thursday, August 24th. Stifel Nicolaus set a $37.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a research note on Friday, August 18th. BMO Capital Markets set a $34.00 price target on shares of Newfield Exploration and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of Newfield Exploration from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.62.

In other news, insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.30, for a total value of $375,600.00. Following the completion of the transaction, the insider now owns 243,322 shares in the company, valued at $7,615,978.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Juanita F. Romans sold 3,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $30.02, for a total value of $105,070.00. Following the completion of the transaction, the director now owns 39,034 shares of the company’s stock, valued at approximately $1,171,800.68. The disclosure for this sale can be found here. In the last three months, insiders sold 39,500 shares of company stock valued at $1,210,270. 0.54% of the stock is owned by corporate insiders.

Newfield Exploration Company (NYSE NFX) traded down $2.12 during trading on Thursday, reaching $28.44. The company’s stock had a trading volume of 2,815,900 shares, compared to its average volume of 2,928,043. Newfield Exploration Company has a 12 month low of $24.41 and a 12 month high of $50.00. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $6,100.35, a P/E ratio of 15.20, a P/E/G ratio of 1.26 and a beta of 1.44.

Newfield Exploration (NYSE:NFX) last released its earnings results on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. Newfield Exploration had a return on equity of 35.28% and a net margin of 20.62%. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $419.75 million. During the same quarter last year, the company earned $0.45 earnings per share. Newfield Exploration’s quarterly revenue was up 12.0% compared to the same quarter last year. equities analysts anticipate that Newfield Exploration Company will post 2.1 EPS for the current fiscal year.

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Newfield Exploration Company Profile

Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.

Institutional Ownership by Quarter for Newfield Exploration (NYSE:NFX)

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