Thomas J. Edelman Sells 200,000 Shares of Noble Energy Inc. (NBL) Stock

Noble Energy Inc. (NYSE:NBL) Director Thomas J. Edelman sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $26.99, for a total transaction of $5,398,000.00. Following the completion of the sale, the director now directly owns 2,952,878 shares in the company, valued at $79,698,177.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Noble Energy Inc. (NBL) opened at $26.69 on Thursday. The company has a market cap of $13,080.00, a P/E ratio of 112.00 and a beta of 1.16. Noble Energy Inc. has a one year low of $22.99 and a one year 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.

Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.11. The firm had revenue of $960.00 million for 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 business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) earnings per share. sell-side analysts predict that Noble Energy Inc. will post -0.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, November 3rd. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in shares of Noble Energy in the second quarter worth $106,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Noble Energy in the third quarter worth $155,000. Global X Management Co. LLC increased its stake in shares of Noble Energy by 22.6% in 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 buying an additional 1,291 shares during the period. IndexIQ Advisors LLC purchased a new position in shares of Noble Energy in the second quarter worth $214,000. Finally, Pacer Advisors Inc. increased its stake in shares of Noble Energy by 8.3% in the second quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock worth $215,000 after buying an additional 580 shares during the period. 94.32% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on NBL shares. Royal Bank of Canada set a $37.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research note on Sunday, October 15th. Stifel Nicolaus set a $39.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. Mizuho reaffirmed a “buy” rating on shares of Noble Energy in a research note on Friday, September 29th. Jefferies Group reaffirmed a “buy” rating and issued a $32.00 target price (down from $36.00) on shares of Noble Energy in a research note on Tuesday, August 29th. Finally, Cowen set a $35.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Noble Energy presently has a consensus rating of “Buy” and a consensus target price of $39.93.

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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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