President and CEO of Newfield Exploration Company (NFX) Lee K Boothby sells 21,000 shares of NFX on 12/28/2010 at an average price of $72.03 a share.

Newfield Exploration Company has a market cap of $9.64 billion; its shares were traded at around $71.99 with a P/E ratio of 15.1 and P/S ratio of 7.3. Newfield Exploration Company had an annual average earning growth of 7.8% over the past 10 years.

NFX is in the portfolios of Robert Rodriguez of FPA Capital, Stanley Druckenmiller of Duquesne Capital Management, LLC, First Pacific Advisors of First Pacific Advisors, LLC, David Dreman of Dreman Value Management, Steven Cohen of SAC Capital Advisors, Jeremy Grantham of GMO LLC, Chuck Royce of Royce& Associates, Kenneth Fisher of Fisher Asset Management, LLC, Bruce Kovner of Caxton Associates.

This is the annual revenues and earnings per share of NFX over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of NFX.

CEO Recent Trades:

• Sell: President and CEO Lee K Boothby sold 13,500 shares of NFX stock on 08/10/2010 at the average price of 55.04. Lee K Boothby owns at least 187,150 shares after this. The price of the stock has increased by 30.8% since.

CFO Recent Trades:

• Sell: EVP and CFO Terry W Rathert sold 20,000 shares of NFX stock on 09/15/2010 at the average price of 52.53. Terry W Rathert owns at least 156,040 shares after this. The price of the stock has increased by 37.05% since.

This is the insider trade history vs. stock price of NFX. For the complete insider trading history of NFX, click here.

Directors and Officers Recent Trades:

• Sell: Director Charles E Shultz sold 500 shares of NFX stock on 12/15/2010 at the average price of 71.11. Charles E Shultz owns at least 26,948 shares after this. The price of the stock has increased by 1.24% since.


• Sell: EVP and COO Gary D Packer sold 15,000 shares of NFX stock on 12/10/2010 at the average price of 71.86. Gary D Packer owns at least 184,237 shares after this. The price of the stock has increased by 0.18% since.


• Sell: Director Philip Burguieres sold 500 shares of NFX stock on 12/01/2010 at the average price of 67.83. Philip Burguieres owns at least 25,332 shares after this. The price of the stock has increased by 6.13% since.


• Sell: Director John Randolph Kemp Iii sold 500 shares of NFX stock on 12/01/2010 at the average price of 68.09. John Randolph Kemp Iii owns at least 15,322 shares after this. The price of the stock has increased by 5.73% since.


• Sell: VP-Onshore GC & International William D Schneider sold 10,000 shares of NFX stock on 11/19/2010 at the average price of 66.82. William D Schneider owns at least 94,830 shares after this. The price of the stock has increased by 7.74% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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