Traders Sell Shares of Newfield Exploration Co. (NFX) on Strength (NFX)

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Investors sold shares of Newfield Exploration Co. (NYSE:NFX) on strength during trading hours on Friday. $32.72 million flowed into the stock on the tick-up and $106.36 million flowed out of the stock on the tick-down, for a money net flow of $73.64 million out of the stock. Of all stocks tracked, Newfield Exploration had the 0th highest net out-flow for the day. Newfield Exploration traded up $0.67 for the day and closed at $41.84
Several research analysts have issued reports on NFX shares. Deutsche Bank AG lifted their price target on shares of Newfield Exploration from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, June 14th. Barclays PLC raised their price objective on shares of Newfield Exploration from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, June 24th. Simmons raised their price objective on shares of Newfield Exploration from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 6th. Howard Weil raised their price objective on shares of Newfield Exploration from $47.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Thursday, June 23rd. Finally, Scotiabank reaffirmed a “sector outperform” rating and issued a $51.00 price objective (up previously from $47.00) on shares of Newfield Exploration in a research note on Saturday, June 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $46.67.
The firm’s market cap is $8.23 billion. The firm’s 50 day moving average price is $44.64 and its 200-day moving average price is $39.61.

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Newfield Exploration (NYSE:NFX) last announced its quarterly earnings results on Tuesday, August 2nd. The energy company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.24. The firm earned $381 million during the quarter, compared to analysts’ expectations of $379.74 million. Newfield Exploration had a negative net margin of 226.57% and a positive return on equity of 9.07%. The company’s revenue for the quarter was down 18.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. Equities analysts expect that Newfield Exploration Co. will post $0.77 EPS for the current year.
In other Newfield Exploration news, Director Pamela J. Gardner sold 10,685 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $46.22, for a total value of $493,860.70. Following the completion of the sale, the director now owns 43,749 shares in the company, valued at $2,022,078.78. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Juanita F. Romans sold 2,015 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $46.04, for a total transaction of $92,770.60. Following the completion of the sale, the director now owns 36,810 shares of the company’s stock, valued at approximately $1,694,732.40. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. PineBridge Investments L.P. boosted its stake in Newfield Exploration by 312.2% in the second quarter. PineBridge Investments L.P. now owns 2,333 shares of the energy company’s stock worth $103,000 after buying an additional 1,767 shares in the last quarter. Advisor Group Inc. bought a new stake in Newfield Exploration during the second quarter worth about $110,000. Mizuho Asset Management Co. Ltd. bought a new stake in Newfield Exploration during the second quarter worth about $119,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Newfield Exploration by 3.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,166 shares of the energy company’s stock worth $105,000 after buying an additional 108 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC bought a new stake in Newfield Exploration during the second quarter worth about $171,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.
About Newfield Exploration
Newfield Exploration Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs). The Company’s operations are focused primarily on large scale, onshore liquids-rich resource plays in the United States. Its segments are the United States and China.

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