Thomas J. Edelman Sells 300,000 Shares of Noble Energy Inc. (NBL) Stock
Noble Energy Inc. (NYSE:NBL) Director Thomas J. Edelman sold 300,000 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Noble Energy Inc. (NYSE NBL) opened at $25.99 on Thursday. Noble Energy Inc. has a 12-month low of $22.99 and a 12-month high of $42.03. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $12,977.82, a PE ratio of 111.13 and a beta of 1.18.
Noble Energy (NYSE:NBL) last posted its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.11. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $961.61 million. During the same period last year, the firm earned ($0.07) EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. analysts predict that Noble Energy Inc. will post -0.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, November 3rd. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.
Several large investors have recently bought and sold shares of the company. Capital World Investors grew its position in shares of Noble Energy by 20.8% during the 2nd quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock valued at $1,561,730,000 after acquiring an additional 9,488,951 shares during the period. Vanguard Group Inc. grew its position in shares of Noble Energy by 29.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock valued at $1,101,810,000 after acquiring an additional 8,933,476 shares during the period. BlackRock Inc. grew its position in shares of Noble Energy by 7.4% during the 2nd quarter. BlackRock Inc. now owns 32,231,480 shares of the oil and gas development company’s stock valued at $912,152,000 after acquiring an additional 2,211,439 shares during the period. State Street Corp grew its position in shares of Noble Energy by 5.7% during the 2nd quarter. State Street Corp now owns 27,225,558 shares of the oil and gas development company’s stock valued at $770,487,000 after acquiring an additional 1,471,064 shares during the period. Finally, Ares Management LLC acquired a new stake in shares of Noble Energy during the 2nd quarter valued at about $499,364,000. Hedge funds and other institutional investors own 91.49% of the company’s stock.
Several brokerages have recently commented on NBL. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 price objective on shares of Noble Energy in a report on Thursday, July 20th. Stifel Nicolaus set a $39.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Citigroup Inc. decreased their price objective on Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, July 21st. Mizuho restated a “buy” rating on shares of Noble Energy in a research note on Friday, September 29th. Finally, Imperial Capital began coverage on Noble Energy in a research note on Thursday, September 28th. They issued an “outperform” rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Noble Energy currently has a consensus rating of “Buy” and a consensus price target of $40.66.
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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