Shares of Newfield Exploration Co. (NYSE:NFX) fell 4.6% during mid-day trading on Monday . The company traded as low as $41.25 and last traded at $41.31, with a volume of 1,462,747 shares changing hands. The stock had previously closed at $43.30.

A number of research firms have issued reports on NFX. Cantor Fitzgerald reissued a “buy” rating on shares of Newfield Exploration in a report on Sunday, May 22nd. Topeka Capital Markets boosted their price objective on shares of Newfield Exploration from $42.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, May 4th. Howard Weil boosted their price objective on shares of Newfield Exploration from $47.00 to $51.00 and gave the company a “sector outperform” rating in a report on Thursday, June 23rd. Barclays PLC reissued a “buy” rating on shares of Newfield Exploration in a report on Sunday, June 26th. Finally, Imperial Capital boosted their price objective on shares of Newfield Exploration from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. Newfield Exploration presently has a consensus rating of “Buy” and a consensus target price of $44.14.

The firm’s 50-day moving average price is $42.77 and its 200-day moving average price is $35.22. The firm’s market cap is $8.11 billion.

Newfield Exploration (NYSE:NFX) last announced its quarterly earnings data on Tuesday, May 3rd. The energy company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.03. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The business earned $284 million during the quarter, compared to the consensus estimate of $342.91 million. The company’s revenue was down 18.6% compared to the same quarter last year. On average, equities research analysts anticipate that Newfield Exploration Co. will post $0.57 EPS for the current fiscal year.

In other Newfield Exploration news, Director Roger B. Plank acquired 1,000 shares of the stock in a transaction dated Wednesday, May 18th. The stock was purchased at an average cost of $39.22 per share, for a total transaction of $39,220.00. Following the acquisition, the director now owns 22,063 shares in the company, valued at approximately $865,310.86. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lee K. Boothby sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $40.95, for a total transaction of $2,047,500.00. Following the completion of the sale, the chief executive officer now owns 298,596 shares of the company’s stock, valued at $12,227,506.20. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Newfield Exploration by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 13,750,032 shares of the energy company’s stock valued at $447,702,000 after buying an additional 355,289 shares during the last quarter. Marshall Wace LLP increased its position in shares of Newfield Exploration by 50.9% in the fourth quarter. Marshall Wace LLP now owns 412,951 shares of the energy company’s stock valued at $13,446,000 after buying an additional 139,234 shares during the last quarter. I.G. Investment Management LTD. increased its position in shares of Newfield Exploration by 30.8% in the fourth quarter. I.G. Investment Management LTD. now owns 327,563 shares of the energy company’s stock valued at $10,665,000 after buying an additional 77,114 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Newfield Exploration by 28.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 96,082 shares of the energy company’s stock valued at $3,129,000 after buying an additional 21,329 shares during the last quarter. Finally, Guinness Asset Management Ltd increased its position in shares of Newfield Exploration by 6.3% in the fourth quarter. Guinness Asset Management Ltd now owns 240,575 shares of the energy company’s stock valued at $7,833,000 after buying an additional 14,275 shares during the last quarter.

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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