Newfield Exploration Company (NYSE:NFX) insider Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.10, for a total value of $349,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Newfield Exploration Company (NYSE NFX) traded down 0.23% during midday trading on Wednesday, reaching $30.30. The company had a trading volume of 1,952,336 shares. The stock has a market capitalization of $5.99 billion, a PE ratio of 19.65 and a beta of 1.53. Newfield Exploration Company has a 1-year low of $24.41 and a 1-year high of $50.00. The firm’s 50 day moving average is $26.84 and its 200 day moving average is $30.25.

Newfield Exploration (NYSE:NFX) last issued its earnings results on Tuesday, August 1st. The energy company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Newfield Exploration had a return on equity of 33.17% and a net margin of 18.82%. The company had revenue of $402.00 million for the quarter, compared to analyst estimates of $413.70 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Newfield Exploration Company will post $1.88 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of NFX. UBS Asset Management Americas Inc. grew its position in Newfield Exploration by 4.7% during the first quarter. UBS Asset Management Americas Inc. now owns 506,734 shares of the energy company’s stock worth $18,704,000 after buying an additional 22,660 shares during the period. Karp Capital Management Corp acquired a new position in Newfield Exploration during the first quarter worth about $1,458,000. Ameritas Investment Partners Inc. acquired a new position in Newfield Exploration during the first quarter worth about $175,000. Mason Street Advisors LLC grew its position in Newfield Exploration by 1.9% during the first quarter. Mason Street Advisors LLC now owns 27,484 shares of the energy company’s stock worth $1,014,000 after buying an additional 502 shares during the period. Finally, Pacer Advisors Inc. grew its position in Newfield Exploration by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,740 shares of the energy company’s stock worth $138,000 after buying an additional 121 shares during the period. Institutional investors own 99.15% of the company’s stock.

Several equities research analysts have weighed in on the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $36.00 price target (down from $40.00) on shares of Newfield Exploration in a research report on Wednesday, August 9th. Piper Jaffray Companies cut their price target on Newfield Exploration from $53.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. BidaskClub downgraded Newfield Exploration from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Jefferies Group LLC set a $40.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Barclays PLC cut their price target on Newfield Exploration from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $41.44.

About Newfield Exploration

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.

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