Noble Energy Inc. (NBL) Director Sells $536,744.59 in Stock
Noble Energy Inc. (NYSE:NBL) Director James E. Craddock sold 18,787 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total transaction of $536,744.59. Following the sale, the director now owns 114,226 shares in the company, valued at $3,263,436.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Noble Energy Inc. (NYSE NBL) traded down $0.15 during mid-day trading on Friday, hitting $28.30. 5,888,885 shares of the company were exchanged, compared to its average volume of 4,508,774. The stock has a market capitalization of $13.55 billion, a PE ratio of 116.04 and a beta of 1.18.
Noble Energy (NYSE:NBL) last released its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $961.61 million. During the same period in the previous year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. research analysts forecast that Noble Energy Inc. will post -0.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Noble Energy’s dividend payout ratio is presently -10.03%.
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Several hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its stake in shares of Noble Energy by 0.4% during the 1st quarter. HighTower Advisors LLC now owns 12,644 shares of the oil and gas development company’s stock worth $434,000 after purchasing an additional 52 shares during the period. Cadence Capital Management LLC boosted its stake in shares of Noble Energy by 1.0% during the 2nd quarter. Cadence Capital Management LLC now owns 15,922 shares of the oil and gas development company’s stock worth $451,000 after purchasing an additional 163 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Noble Energy by 3.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,135 shares of the oil and gas development company’s stock worth $259,000 after purchasing an additional 293 shares during the period. Norway Savings Bank boosted its stake in shares of Noble Energy by 1.9% during the 2nd quarter. Norway Savings Bank now owns 15,985 shares of the oil and gas development company’s stock worth $452,000 after purchasing an additional 300 shares during the period. Finally, Energy Opportunities Capital Management LLC boosted its stake in shares of Noble Energy by 0.4% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 68,867 shares of the oil and gas development company’s stock worth $1,949,000 after purchasing an additional 305 shares during the period. 91.56% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently commented on NBL. Morgan Stanley raised their price objective 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. Royal Bank Of Canada set a $37.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research report on Sunday, October 15th. Barclays PLC raised their price objective on shares of Noble Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. BMO Capital Markets set a $33.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Jefferies Group LLC downgraded shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.76.
Noble Energy Company Profile
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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