Noble Energy Inc. (NYSE:NBL) Director Thomas J. Edelman sold 300,000 shares of Noble Energy stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Noble Energy Inc. (NYSE NBL) traded down $0.86 during midday trading on Wednesday, hitting $26.67. The company had a trading volume of 4,489,300 shares, compared to its average volume of 5,205,756. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. Noble Energy Inc. has a one year low of $22.99 and a one year high of $42.03. The company has a market capitalization of $13,396.30, a price-to-earnings ratio of 114.71 and a beta of 1.18.
Noble Energy (NYSE:NBL) last released its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. During the same period in the previous year, the company posted ($0.07) earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. research analysts predict that Noble Energy Inc. will post -0.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. Noble Energy’s dividend payout ratio is presently -10.03%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in shares of Noble Energy by 29.1% during the third quarter. Janus Henderson Group PLC now owns 2,399,484 shares of the oil and gas development company’s stock valued at $68,049,000 after purchasing an additional 540,221 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Noble Energy during the third quarter valued at approximately $2,500,000. Vident Investment Advisory LLC bought a new stake in shares of Noble Energy during the third quarter valued at approximately $361,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of Noble Energy by 8.1% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 427,585 shares of the oil and gas development company’s stock valued at $12,126,000 after purchasing an additional 32,208 shares in the last quarter. Finally, Boothbay Fund Management LLC boosted its position in shares of Noble Energy by 56.3% during the third quarter. Boothbay Fund Management LLC now owns 16,732 shares of the oil and gas development company’s stock valued at $475,000 after purchasing an additional 6,028 shares in the last quarter. Institutional investors own 91.49% of the company’s stock.
NBL has been the topic of a number of research reports. Citigroup Inc. decreased their price objective on Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Cowen and Company set a $35.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating and set a $32.00 price objective (down from $36.00) on shares of Noble Energy in a report on Tuesday, August 29th. Royal Bank Of Canada reissued a “buy” rating and set a $38.00 price objective on shares of Noble Energy in a report on Thursday, July 20th. Finally, Stifel Nicolaus set a $39.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $40.66.
About Noble Energy
Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.
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