Newfield Exploration Company (NFX) : Traders are bullish on Newfield Exploration Company (NFX) as it has outperformed the S&P 500 by a wide margin of 6.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.6% in the last 1 week, and is up 10.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.15% and the 50-Day Moving Average is 9.1%.
Newfield Exploration Company (NYSE:NFX): The stock opened at $44.84 on Friday but the bulls could not build on the opening and the stock topped out at $45.08 for the day. The stock traded down to $44.33 during the day, due to lack of any buying support eventually closed down at $44.52 with a loss of -0.18% for the day. The stock had closed at $44.60 on the previous day. The total traded volume was 1,351,410 shares.
The company Insiders own 0.44% of Newfield Exploration Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.42% . During last six month period, the net percent change held by insiders has seen a change of -16.42%. In a related news, The Securities and Exchange Commission has divulged that Vezza Matthew R, (Vp-Western Region) of NEWFIELD EXPLORATION CO /DE/, had unloaded 4,600 shares at an average price of $43.17 in a transaction dated on June 23, 2016. The total value of the transaction was worth $198,582.
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 400,000 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 92,000 net acres in the Williston Basin. The Company has approximately 225,000 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.