David L. Stover Acquires 19,000 Shares of Noble Energy Inc. (NBL) Stock
Noble Energy Inc. (NYSE:NBL) CEO David L. Stover bought 19,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average price of $26.31 per share, with a total value of $499,890.00. Following the completion of the transaction, the chief executive officer now directly owns 727,254 shares of the company’s stock, valued at $19,134,052.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Noble Energy Inc. (NBL) opened at $27.23 on Wednesday. The firm has a market cap of $12,486.34, a PE ratio of 106.92 and a beta of 1.16. Noble Energy Inc. has a 1 year low of $22.99 and a 1 year high of $40.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.11. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. sell-side analysts expect that Noble Energy Inc. will post -0.05 EPS for the current year.
NBL has been the subject of a number of research reports. Cowen set a $35.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research report on Friday, August 25th. Jefferies Group restated a “buy” rating and set a $32.00 target price (down from $36.00) on shares of Noble Energy in a research report on Tuesday, August 29th. Piper Jaffray Companies decreased their target price on shares of Noble Energy from $47.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. Imperial Capital initiated coverage on shares of Noble Energy in a research report on Thursday, September 28th. They set an “outperform” rating and a $40.00 target price for the company. Finally, Mizuho restated a “buy” rating on shares of Noble Energy in a research report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.50.
Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Noble Energy during the second quarter worth about $106,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Noble Energy during the third quarter worth about $155,000. Global X Management Co. LLC increased its stake in shares of Noble Energy by 22.6% during the second quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock worth $198,000 after purchasing an additional 1,291 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in shares of Noble Energy during the second quarter worth about $214,000. Finally, Pacer Advisors Inc. increased its stake in shares of Noble Energy by 8.3% during the second quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock worth $215,000 after purchasing an additional 580 shares in the last quarter. 94.16% of the stock is owned by institutional investors and hedge funds.
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About Noble Energy
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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