Large Inflow of Money Detected in Newfield Exploration Company

Newfield Exploration Company (NFX) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $18.24 million worth of transactions were on upticks, whereas, the downticks accounted for $13.64 million worth of transactions. The net money flow was a positive $4.59 million and the uptick to downtick ratio was 1.34. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 9.67 in their favor. The net money flow into the stock was $4.93 million. The value of block trades done on downticks was only $0.57 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $5.49 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Newfield Exploration Company (NFX) was trading at $44.6, down $0.03 during day. The stock slid -0.07% over the previous days close. For the week, the stock recorded 1.78% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 4.84% and the 50-Day Moving Average is 9.78%. Shares have rallied 22.35% from its 1 Year high price. On Jun 29, 2016, the shares registered one year high at $44.79 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $41.46 and the 200 Day Moving Average price is recorded at $33.83.

Newfield Exploration Company (NYSE:NFX): The stock opened at $45.19 on Thursday but the bulls could not build on the opening and the stock topped out at $45.24 for the day. The stock traded down to $44.26 during the day, due to lack of any buying support eventually closed down at $44.60 with a loss of -0.07% for the day. The stock had closed at $44.63 on the previous day. The total traded volume was 2,155,279 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (Vp-Western Region) of NEWFIELD EXPLORATION CO /DE/, Vezza Matthew R had sold 4,600 shares worth of $198,582 in a transaction dated June 23, 2016. In this transaction, 4,600 shares were sold at $43.17 per share.

Newfield Exploration Company (Newfield) is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The Companys principal areas of operation are oil and liquids-rich resource plays in the Mid-Continent, Rocky Mountains and onshore Gulf Coast regions of the United States. The Company operates through two segments: the United States and China. Approximately 46% of the Companys proved reserves are located in Mid-Continent region. The Companys assets consist of more than 400,000 net acres in the Anadarko and Arkoma basins. Approximately 43% of its proved reserves are located in the Rocky Mountains region. The Company has approximately 92,000 net acres in the Williston Basin. The Company has approximately 225,000 net acres in the Uinta Basin. About 7% of the Companys proved reserves are located in the onshore Gulf Coast region. Approximately 4%, of the Companys proved reserves are located in China.

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