Insider Selling: Charles D. Davidson Sells 104,010 Shares of Noble Energy Stock (NBL)
Noble Energy (NYSE:NBL) CEO Charles D. Davidson sold 104,010 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $76.03, for a total value of $7,907,880.30. Following the completion of the sale, the chief executive officer now directly owns 1,198,592 shares in the company, valued at approximately $91,128,950. The transaction was disclosed in a filing with the SEC, which is available at this link.
Noble Energy (NYSE:NBL) traded up 0.25% on Friday, hitting $76.00. 815,414 shares of the company’s stock traded hands. Noble Energy has a 52-week low of $56.92 and a 52-week high of $78.01. The stock’s 50-day moving average is $71.83 and its 200-day moving average is $68.76. The company has a market cap of $27.360 billion and a price-to-earnings ratio of 30.02.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.07. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company posted $1.48 earnings per share. Noble Energy’s revenue was up 20.6% compared to the same quarter last year. Analysts expect that Noble Energy will post $3.23 EPS for the current fiscal year.
A number of analysts have recently weighed in on NBL shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Noble Energy in a research note on Wednesday. They now have a $81.00 price target on the stock, up previously from $78.00. Separately, analysts at Johnson Rice reiterated an “overweight” rating on shares of Noble Energy in a research note on Tuesday, June 3rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Noble Energy in a research note on Tuesday, May 13th. They now have a $74.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Noble Energy has an average rating of “Buy” and a consensus target price of $72.82.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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