Noble Energy Inc. (NBL) Declares Quarterly Dividend of $0.14
Noble Energy (NYSE:NBL) declared a quarterly dividend on Tuesday, October 22nd, AnalystRatingsNetwork reports. Shareholders of record on Monday, November 4th will be given a dividend of $0.14 per share on Monday, November 18th. This represents a $0.56 dividend on an annualized basis and a yield of 0.77%.
A number of research firms have recently commented on NBL. Analysts at Wunderlich raised their price target on shares of Noble Energy from $72.00 to $84.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. On a related note, analysts at Susquehanna raised their price target on shares of Noble Energy from $45.00 to $46.00 in a research note to investors on Friday. They now have a “positive” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Noble Energy from $43.00 to $42.00 in a research note to investors on Wednesday, October 16th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $79.13.
Noble Energy (NYSE:NBL) traded up 0.43% during mid-day trading on Tuesday, hitting $72.67. 1,714,196 shares of the company’s stock traded hands. Noble Energy has a 1-year low of $45.00 and a 1-year high of $73.09. The stock has a 50-day moving average of $66.77 and a 200-day moving average of $61.80. The company has a market cap of $26.089 billion and a P/E ratio of 23.39.
Noble Energy (NYSE:NBL) last announced its earnings results on Thursday, July 25th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis.
In other Noble Energy news, CEO Charles D. Davidson unloaded 15,600 shares of Noble Energy stock on the open market in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $69.50, for a total transaction of $1,084,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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