Tortoise Capital Advisors L.L.C. boosted its stake in shares of Newfield Exploration Company (NYSE:NFX) by 15.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 260,658 shares of the energy company’s stock after buying an additional 34,449 shares during the period. Tortoise Capital Advisors L.L.C.’s holdings in Newfield Exploration were worth $7,418,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NFX. Cubic Asset Management LLC increased its position in Newfield Exploration by 0.6% in the first quarter. Cubic Asset Management LLC now owns 8,880 shares of the energy company’s stock valued at $328,000 after buying an additional 50 shares during the last quarter. CIBC Asset Management Inc increased its position in Newfield Exploration by 0.4% in the second quarter. CIBC Asset Management Inc now owns 17,727 shares of the energy company’s stock valued at $505,000 after buying an additional 70 shares during the last quarter. Pacer Advisors Inc. increased its position in Newfield Exploration by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock valued at $138,000 after buying an additional 121 shares during the last quarter. Louisiana State Employees Retirement System increased 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. Finally, State Treasurer State of Michigan increased its position in Newfield Exploration by 0.3% in the second quarter. State Treasurer State of Michigan now owns 65,512 shares of the energy company’s stock valued at $1,864,000 after buying an additional 200 shares during the last quarter. 99.05% of the stock is currently owned by hedge funds and other institutional investors.

Newfield Exploration Company (NYSE NFX) opened at 26.44 on Tuesday. Newfield Exploration Company has a 52 week low of $25.46 and a 52 week high of $50.00. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 17.15 and a beta of 1.48. The company has a 50-day moving average of $27.84 and a 200-day moving average of $34.15.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $402 million for the quarter, compared to analysts’ expectations of $413.70 million. Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. Analysts anticipate that Newfield Exploration Company will post $1.93 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/08/tortoise-capital-advisors-l-l-c-boosts-position-in-newfield-exploration-company-nfx.html.

Several equities research analysts have weighed in on the company. Barclays PLC reaffirmed a “hold” rating and set a $34.00 price target on shares of Newfield Exploration in a research report on Monday, May 15th. Royal Bank Of Canada set a $54.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Cowen and Company set a $35.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Williams Capital reaffirmed a “buy” rating and set a $56.00 price target on shares of Newfield Exploration in a research report on Wednesday, May 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 price target on shares of Newfield Exploration in a research report on Wednesday, April 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $43.46.

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.

Want to see what other hedge funds are holding NFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newfield Exploration Company (NYSE:NFX).

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

Receive News & Ratings for Newfield Exploration Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newfield Exploration Company and related companies with MarketBeat.com's FREE daily email newsletter.