Shares of Newfield Exploration Co. (NYSE:NFX) traded down 7.5% during trading on Thursday . The company traded as low as $26.34 and last traded at $26.38. 3,909,375 shares were traded during mid-day trading, an increase of 36% from the average session volume of 2,871,980 shares. The stock had previously closed at $28.53.

A number of analysts recently commented on the company. B. Riley assumed coverage on Newfield Exploration in a research note on Monday, February 5th. They issued a “buy” rating and a $46.00 price target for the company. Zacks Investment Research lowered Newfield Exploration from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Morgan Stanley raised their price target on Newfield Exploration from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. KLR Group lowered Newfield Exploration from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research note on Tuesday, January 23rd. Finally, Cowen set a $40.00 price target on Newfield Exploration and gave the stock a “buy” rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.48.

The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market cap of $5,110.00, a PE ratio of 15.02, a P/E/G ratio of 0.54 and a beta of 1.35.

In other Newfield Exploration news, CEO Lee K. Boothby sold 12,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $31.84, for a total transaction of $382,080.00. Following the completion of the transaction, the chief executive officer now owns 223,235 shares of the company’s stock, valued at $7,107,802.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 36,000 shares of company stock valued at $1,138,680 in the last three months. Insiders own 0.54% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Tiedemann Wealth Management LLC lifted its position in Newfield Exploration by 36.0% during the third quarter. Tiedemann Wealth Management LLC now owns 28,966 shares of the energy company’s stock valued at $148,000 after buying an additional 7,664 shares during the period. Koch Industries Inc. bought a new position in shares of Newfield Exploration during the second quarter valued at $209,000. Vident Investment Advisory LLC bought a new position in shares of Newfield Exploration during the third quarter valued at $212,000. Thrivent Financial For Lutherans increased its holdings in shares of Newfield Exploration by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 7,530 shares of the energy company’s stock valued at $214,000 after acquiring an additional 230 shares in the last quarter. Finally, MAI Capital Management bought a new position in shares of Newfield Exploration during the fourth quarter valued at $240,000. 99.53% of the stock is owned by institutional investors and hedge funds.

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Newfield Exploration Company Profile

Newfield Exploration Company is an independent exploration and production company. It is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its operating segments are the United States and China. Its the United States operations are onshore and focus primarily on large scale, liquids resource plays.

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