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%.
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.
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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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