Noble Energy VP Ted Brown Sells 13,807 Shares (NBL)
Noble Energy (NYSE:NBL) VP Ted Brown sold 13,807 shares of the stock on the open market in a transaction dated Thursday, October 31st. The shares were sold at an average price of $76.01, for a total transaction of $1,049,470.07. Following the completion of the transaction, the vice president now directly owns 142,312 shares in the company, valued at approximately $10,817,135. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Noble Energy (NYSE:NBL) traded up 0.35% on Friday, hitting $75.19. 1,788,813 shares of the company’s stock traded hands. Noble Energy has a 1-year low of $45.605 and a 1-year high of $78.01. The stock’s 50-day moving average is $69.20 and its 200-day moving average is $62.73. The company has a market cap of $26.993 billion and a price-to-earnings ratio of 24.64.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.02. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company posted $0.93 earnings per share. Noble Energy’s revenue was up 38.7% compared to the same quarter last year. Analysts expect that Noble Energy will post $3.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 18th. Investors of record on Monday, November 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, October 31st.
A number of research firms have recently commented on NBL. Analysts at RBC Capital raised their price target on shares of Noble Energy from $75.00 to $82.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Separately, analysts at Howard Weil raised their price target on shares of Noble Energy from $74.00 to $85.00 in a research note to investors on Friday, October 25th. They now have a “sector outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Noble Energy in a research note to investors on Friday, October 25th. They now have a $78.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $82.71.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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