Noble Energy Inc. (NYSE:NBL) Director James E. Craddock sold 18,787 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total transaction of $536,744.59. Following the completion of the sale, the director now owns 114,226 shares in the company, valued at approximately $3,263,436.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Noble Energy Inc. (NYSE NBL) opened at $28.30 on Monday. The company has a market cap of $13,770.99, a PE ratio of 117.92 and a beta of 1.18. Noble Energy Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $42.03. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.11. The company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) EPS. equities analysts predict that Noble Energy Inc. will post -0.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.40 annualized dividend and a yield of 1.41%. Noble Energy’s dividend payout ratio (DPR) is -10.03%.
Several analysts have commented on the stock. Citigroup Inc. decreased their price target on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Royal Bank Of Canada set a $37.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research note on Sunday, October 15th. BMO Capital Markets set a $37.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Piper Jaffray Companies reiterated a “buy” rating on shares of Noble Energy in a research note on Sunday, August 20th. Finally, Barclays PLC boosted their price target on shares of Noble Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $40.76.
A number of institutional investors have recently added to or reduced their stakes in the business. Capital World Investors boosted its position in Noble Energy by 20.8% in 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 buying an additional 9,488,951 shares during the period. Vanguard Group Inc. boosted its position in Noble Energy by 29.8% in 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 buying an additional 8,933,476 shares during the period. BlackRock Inc. boosted its position in Noble Energy by 7.4% in 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 buying an additional 2,211,439 shares during the period. State Street Corp boosted its position in Noble Energy by 5.7% in 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 buying an additional 1,471,064 shares during the period. Finally, Ares Management LLC purchased a new stake in Noble Energy in the 2nd quarter valued at about $499,364,000. 91.65% of the stock is owned by institutional investors.
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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