Noble Energy Inc. (NYSE:NBL) Director Thomas J. Edelman sold 200,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $26.99, for a total transaction of $5,398,000.00. Following the sale, the director now directly owns 2,952,878 shares of the company’s stock, valued at approximately $79,698,177.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Noble Energy Inc. (NYSE NBL) opened at $26.85 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. Noble Energy Inc. has a 52 week low of $22.99 and a 52 week high of $42.03. The stock has a market cap of $13,080.00, a P/E ratio of 112.00 and a beta of 1.16.
Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The business had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. During the same quarter in the prior year, the business posted ($0.07) EPS. Noble Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities research analysts expect that Noble Energy Inc. will post -0.05 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the stock. Stifel Nicolaus set a $39.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. Mizuho reissued a “buy” rating on shares of Noble Energy in a research report on Friday, September 29th. Imperial Capital assumed coverage on shares of Noble Energy in a research report on Thursday, September 28th. They set an “outperform” rating and a $40.00 target price for the company. Jefferies Group cut shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research report on Monday, October 9th. Finally, Morgan Stanley increased their target price on shares of Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Noble Energy presently has an average rating of “Buy” and an average target price of $39.93.
A number of institutional investors have recently modified their holdings of NBL. California Public Employees Retirement System increased its stake in shares of Noble Energy by 2.7% in the third quarter. California Public Employees Retirement System now owns 872,389 shares of the oil and gas development company’s stock worth $24,741,000 after acquiring an additional 22,605 shares during the period. Janus Henderson Group PLC increased its stake in shares of Noble Energy by 29.1% in the third quarter. Janus Henderson Group PLC now owns 2,399,484 shares of the oil and gas development company’s stock worth $68,049,000 after acquiring an additional 540,221 shares during the period. Jane Street Group LLC acquired a new stake in shares of Noble Energy in the third quarter worth $2,500,000. Vident Investment Advisory LLC acquired a new stake in shares of Noble Energy in the third quarter worth $361,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Noble Energy by 8.1% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 427,585 shares of the oil and gas development company’s stock worth $12,126,000 after acquiring an additional 32,208 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.
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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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