Newfield Exploration Co /de/ (NFX): Matthew R Vezza , VP-Western Region of Newfield Exploration Co /de/ sold 4,600 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $43.17 per share for a total value of $198,597.19 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Lee K Boothby (President and CEO) sold 50,000 shares at $40.95 per share price.On May 31, 2016, John H Jasek (Sr. Vice President-Operations) sold 25,000 shares at $40.93 per share price.Also, On May 24, 2016, Gary D Packer (EVP and COO) sold 7,500 shares at $40.46 per share price.On May 19, 2016, George W Jr Fairchild (Chief Accounting Officer) sold 8,200 shares at $40.04 per share price.
Shares of Newfield Exploration Co. (NFX) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.13 points or -2.63% at $41.8 with 58,51,037 shares getting traded. Post opening the session at $40.92, the shares hit an intraday low of $40.92 and an intraday high of $42.285 and the price vacillated in this range throughout the day. The company has a market cap of $8,297 M and the number of outstanding shares has been calculated to be 19,84,85,340 shares. The 52-week high of Newfield Exploration Co. is $44.08 and the 52-week low is $20.84.
Company has been under the radar of several Street Analysts.Newfield Exploration Co. is Reiterated by Scotia Howard Weil to Sector Outperform and the brokerage firm has raised the Price Target to $ 51 from a previous price target of $47 .The Rating was issued on Jun 23, 2016.Newfield Exploration Co. is Downgraded by KLR Group to Accumulate. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 16, 2016.Newfield Exploration Co. is Reiterated by Imperial Capital to Outperform and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $33 .The Rating was issued on May 5, 2016.Newfield Exploration Co. is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $42 .The Rating was issued on May 5, 2016.Newfield Exploration Co. is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $45 .The Rating was issued on May 5, 2016.
Newfield Exploration Company (Newfield) is an independent energy company engaged in the exploration development and production of crude oil natural gas and natural gas liquids. The Companys principal areas of operation are oil and liquids-rich resource plays in the Mid-Continent Rocky Mountains and onshore Gulf Coast regions of the United States. The Company operates through two segments: the United States and China. Approximately 46% of the Companys proved reserves are located in Mid-Continent region. The Companys assets consist of more than 400000 net acres in the Anadarko and Arkoma basins. Approximately 43% of its proved reserves are located in the Rocky Mountains region. The Company has approximately 92000 net acres in the Williston Basin. The Company has approximately 225000 net acres in the Uinta Basin. About 7% of the Companys proved reserves are located in the onshore Gulf Coast region. Approximately 4% of the Companys proved reserves are located in China.