Louisiana State Employees Retirement System Decreases Position in Newfield Exploration Co. (NFX)
Louisiana State Employees Retirement System cut its stake in Newfield Exploration Co. (NYSE:NFX) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,500 shares of the energy company’s stock after selling 1,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Newfield Exploration were worth $154,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Csenge Advisory Group acquired a new stake in Newfield Exploration in the 3rd quarter valued at about $112,000. Rehmann Capital Advisory Group raised its holdings in Newfield Exploration by 435.4% in the 3rd quarter. Rehmann Capital Advisory Group now owns 7,003 shares of the energy company’s stock valued at $202,000 after acquiring an additional 5,695 shares during the last quarter. Algert Global LLC acquired a new stake in Newfield Exploration in the 3rd quarter valued at about $208,000. Piedmont Investment Advisors Inc. increased its holdings in shares of Newfield Exploration by 215.8% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 7,298 shares of the energy company’s stock worth $210,000 after buying an additional 4,987 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Newfield Exploration during the 3rd quarter worth approximately $242,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.
Newfield Exploration stock opened at $16.30 on Friday. Newfield Exploration Co. has a fifty-two week low of $12.45 and a fifty-two week high of $31.46. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.72 and a quick ratio of 0.70. The company has a market capitalization of $3.35 billion, a P/E ratio of 7.58, a P/E/G ratio of 0.39 and a beta of 1.85.
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Newfield Exploration Company Profile
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 operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.
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