Newfield Exploration Company (NYSE:NFX) insider Lee K. Boothby sold 12,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.10, for a total transaction of $349,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Newfield Exploration Company (NFX) traded up 0.23% during mid-day trading on Thursday, hitting $30.37. 756,179 shares of the stock were exchanged. Newfield Exploration Company has a 1-year low of $24.41 and a 1-year high of $50.00. The company’s 50-day moving average is $26.98 and its 200-day moving average is $30.25. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 19.70 and a beta of 1.53.

Newfield Exploration (NYSE:NFX) last posted its quarterly earnings data 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). The company had revenue of $402.00 million during the quarter, compared to analyst estimates of $413.70 million. Newfield Exploration had a net margin of 18.82% and a return on equity of 33.17%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. Equities research analysts anticipate that Newfield Exploration Company will post $1.88 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Newfield Exploration from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Wolfe Research assumed coverage on shares of Newfield Exploration in a research report on Thursday, June 15th. They set an “outperform” rating and a $38.00 price objective for the company. Seaport Global Securities downgraded shares of Newfield Exploration from a “buy” rating to a “sell” rating and lowered their price objective for the company from $50.00 to $24.00 in a research report on Wednesday, June 21st. Scotiabank reaffirmed a “buy” rating and set a $39.00 price objective on shares of Newfield Exploration in a research report on Friday, June 30th. Finally, Williams Capital set a $45.00 price objective on shares of Newfield Exploration and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $41.14.

Institutional investors and hedge funds have recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec increased its position in Newfield Exploration by 3.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 32,700 shares of the energy company’s stock valued at $1,208,000 after acquiring an additional 1,100 shares in the last quarter. Schroder Investment Management Group increased its position in Newfield Exploration by 67.3% in the 2nd quarter. Schroder Investment Management Group now owns 1,236,114 shares of the energy company’s stock valued at $35,353,000 after acquiring an additional 497,431 shares in the last quarter. Atlantic Trust Group LLC increased its position in Newfield Exploration by 22.8% in the 2nd quarter. Atlantic Trust Group LLC now owns 253,908 shares of the energy company’s stock valued at $7,226,000 after acquiring an additional 47,194 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Newfield Exploration by 21.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,229 shares of the energy company’s stock valued at $1,458,000 after acquiring an additional 8,972 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Newfield Exploration by 106.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,732 shares of the energy company’s stock valued at $4,119,000 after acquiring an additional 74,768 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

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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