Newfield Exploration Co. (NYSE:NFX) CEO Lee K. Boothby sold 12,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total transaction of $382,080.00. Following the completion of the sale, the chief executive officer now owns 223,235 shares in the company, valued at approximately $7,107,802.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Newfield Exploration Co. (NFX) traded up $0.74 during trading hours on Thursday, reaching $33.84. 3,462,188 shares of the company’s stock traded hands, compared to its average volume of 3,279,233. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17. The stock has a market cap of $6,760.00, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.06 and a beta of 1.45. Newfield Exploration Co. has a 52-week low of $24.41 and a 52-week high of $43.74.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $419.75 million. Newfield Exploration had a net margin of 20.62% and a return on equity of 35.28%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. analysts expect that Newfield Exploration Co. will post 2.14 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in NFX. Janus Henderson Group PLC grew its position in shares of Newfield Exploration by 3,994.5% during the 3rd quarter. Janus Henderson Group PLC now owns 1,899,262 shares of the energy company’s stock valued at $56,351,000 after acquiring an additional 1,852,876 shares during the period. Renaissance Technologies LLC bought a new position in shares of Newfield Exploration during the 2nd quarter valued at approximately $42,542,000. FMR LLC grew its position in shares of Newfield Exploration by 9.9% during the 2nd quarter. FMR LLC now owns 10,459,662 shares of the energy company’s stock valued at $297,683,000 after acquiring an additional 938,740 shares during the period. Prudential Financial Inc. grew its position in shares of Newfield Exploration by 26.9% during the 3rd quarter. Prudential Financial Inc. now owns 4,114,290 shares of the energy company’s stock valued at $122,071,000 after acquiring an additional 872,434 shares during the period. Finally, Schroder Investment Management Group grew its position in shares of Newfield Exploration by 70.3% during the 3rd quarter. Schroder Investment Management Group now owns 2,105,206 shares of the energy company’s stock valued at $62,209,000 after acquiring an additional 869,092 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. Piper Jaffray Companies lowered their target price on shares of Newfield Exploration from $53.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Credit Suisse Group assumed coverage on shares of Newfield Exploration in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 target price on the stock. BMO Capital Markets set a $34.00 target price on shares of Newfield Exploration and gave the stock a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Newfield Exploration from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Wolfe Research lowered shares of Newfield Exploration from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $38.27.

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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.

Insider Buying and Selling by Quarter for Newfield Exploration (NYSE:NFX)

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