Newfield Exploration Company (NFX) EVP and COO Gary D Packer sells 10,000 Shares

EVP and COO of Newfield Exploration Company (NFX, Financial) Gary D Packer sells 10,000 shares of NFX on 12/28/2009 at an average price of $50.03 a share.

Newfield Exploration Company explores, develops and acquires oil and natural gas properties primarily in the Gulf of Mexico. The company plans to continue to expand its reserve base and increase cash flow through the exploration and development of existing properties and the acquisition of proved properties with drilling upside. The company emphasizes: reserve growth through exploratory drilling, balance between exploration and the acquisition and exploitation of proved properties, strong geographic focus, control of operations/low cost structure, and use of 3-D seismic. Newfield Exploration Company has a market cap of $6.61 billion; its shares were traded at around $49.77 with a P/E ratio of 12.7 and P/S ratio of 3. Newfield Exploration Company had an annual average earning growth of 19.1% over the past 10 years. GuruFocus rated Newfield Exploration Company the business predictability rank of 3-star.

NFX is in the portfolios of Robert Rodriguez of FPA Capital, First Pacific Advisors of First Pacific Advisors, LLC, David Dreman of Dreman Value Management, Jeremy Grantham of GMO LLC, Kenneth Fisher of Fisher Asset Management, LLC, Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC.

CEO Recent Trades:

  • Sell:: President and CEO Lee K Boothby sold 1,000 shares of NFX stock on 09/15/2009 at the average price of 45.59, the price of the stock has increased by 9.17% since.



Directors and Officers Recent Trades:

  • Sell:: Director David A Trice sold 6,000 shares of NFX stock on 12/23/2009 at the average price of 49.62, the price of the stock has increased by 0.3% since.

  • Sell:: VP-Corporate Development Samuel E. Langford sold 2,500 shares of NFX stock on 12/18/2009 at the average price of 47.5, the price of the stock has increased by 4.78% since.

  • Sell:: VP-Corporate Development Samuel E. Langford sold 2,500 shares of NFX stock on 12/15/2009 at the average price of 45.5, the price of the stock has increased by 9.38% since.

  • Sell:: Director David A Trice sold 7,100 shares of NFX stock on 11/30/2009 at the average price of 42, the price of the stock has increased by 18.5% since.

  • Sell:: Director David A Trice sold 5,000 shares of NFX stock on 11/30/2009 at the average price of 42.13, the price of the stock has increased by 18.13% since.