Insider Selling: Gary W. Willingham Sells 14,432 Shares of Noble Energy Stock (NBL)
Noble Energy (NYSE:NBL) VP Gary W. Willingham unloaded 14,432 shares of Noble Energy stock on the open market in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $75.00, for a total value of $1,082,400.00. Following the completion of the sale, the vice president now directly owns 62,485 shares of the company’s stock, valued at approximately $4,686,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $72.82.
Shares of Noble Energy (NYSE:NBL) traded up 0.21% on Friday, hitting $75.97. 818,904 shares of the company’s stock traded hands. Noble Energy has a 1-year low of $56.92 and a 1-year high of $78.01. The stock has a 50-day moving average of $71.83 and a 200-day moving average of $68.76. The company has a market cap of $27.349 billion and a P/E 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.
Noble Energy, Inc (NYSE:NBL) is an independent energy company engaged in worldwide oil and gas exploration and production.
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