Newfield Exploration Co /de/ (NFX) Files Form 4 Insider Selling : Lee K Boothby Sells 50,000 Shares

Newfield Exploration Co /de/ (NFX): Lee K Boothby , President and CEO of Newfield Exploration Co /de/ sold 50,000 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $40.95 per share for a total value of $2,047,310.00 , 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 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.Also, On May 10, 2016, Stephen C Campbell (Vice President-Investor Rel.) sold 25,606 shares at $37.63 per share price.On Nov 19, 2015, George T Dunn (Sr VP – Development) sold 20,000 shares at $41.01 per share price.

Shares of Newfield Exploration Co. (NFX) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.4 points or -0.98% at $40.4 with 28,86,809 shares getting traded. Post opening the session at $40.66, the shares hit an intraday low of $39.725 and an intraday high of $40.66 and the price vacillated in this range throughout the day. The company has a market cap of $8,019 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 $41.99 and the 52-week low is $20.84.

Newfield Exploration Co. Money Flow Index Chart

Company has been under the radar of several Street Analysts.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 Co. is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $42 .The Rating was issued on May 4, 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 Company’s 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 Company’s proved reserves are located in Mid-Continent region. The Company’s 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 Company’s proved reserves are located in the onshore Gulf Coast region. Approximately 4% of the Company’s proved reserves are located in China.

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