Kenneth M. Fisher Sells 7,621 Shares of Noble Energy, Inc. (NBL) Stock

Noble Energy, Inc. (NYSE:NBL) CFO Kenneth M. Fisher sold 7,621 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.80, for a total transaction of $219,484.80. Following the completion of the transaction, the chief financial officer now owns 197,144 shares in the company, valued at approximately $5,677,747.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Noble Energy, Inc. (NYSE:NBL) opened at $28.17 on Wednesday. The firm has a market cap of $13,710.00, a price-to-earnings ratio of -7.06 and a beta of 1.14. Noble Energy, Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $40.52. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, February 9th. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings 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 valued at $259,000 after buying an additional 293 shares in the last quarter. Energy Opportunities Capital Management LLC boosted its holdings 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 valued at $1,949,000 after buying an additional 305 shares in the last quarter. Gofen & Glossberg LLC IL boosted its holdings in shares of Noble Energy by 5.3% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 9,129 shares of the oil and gas development company’s stock valued at $258,000 after buying an additional 456 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Noble Energy by 2.8% during the 2nd quarter. Nordea Investment Management AB now owns 19,763 shares of the oil and gas development company’s stock valued at $559,000 after buying an additional 543 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its holdings in shares of Noble Energy by 1.9% during the 2nd quarter. Sentry Investment Management LLC now owns 34,495 shares of the oil and gas development company’s stock valued at $976,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 94.59% of the company’s stock.

NBL has been the topic of several recent analyst reports. Royal Bank of Canada set a $37.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a report on Sunday, October 15th. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 target price on shares of Noble Energy in a report on Friday, November 17th. Seaport Global Securities upgraded shares of Noble Energy from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Stifel Nicolaus set a $42.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Monday, December 18th. Finally, BMO Capital Markets set a $33.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the stock. Noble Energy has a consensus rating of “Buy” and an average target price of $39.89.

ILLEGAL ACTIVITY WARNING: “Kenneth M. Fisher Sells 7,621 Shares of Noble Energy, Inc. (NBL) Stock” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.com-unik.info/2018/02/07/kenneth-m-fisher-sells-7621-shares-of-noble-energy-inc-nbl-stock.html.

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.

Insider Buying and Selling by Quarter for Noble Energy (NYSE:NBL)

Receive News & Ratings for Noble Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit