Noble Energy Inc. (NBL) Director Thomas J. Edelman Sells 12,000 Shares of Stock
Noble Energy Inc. (NYSE:NBL) Director Thomas J. Edelman sold 12,000 shares of Noble Energy stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $33.62, for a total transaction of $403,440.00. Following the sale, the director now directly owns 3,032,978 shares in the company, valued at approximately $101,968,720.36. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Noble Energy Inc. (NYSE:NBL) opened at 34.70 on Thursday. Noble Energy Inc. has a 1-year low of $23.77 and a 1-year high of $39.85. The stock’s market cap is $14.92 billion. The company’s 50-day moving average is $34.89 and its 200-day moving average is $34.88.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Wednesday, August 3rd. The oil and gas development company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.05. Noble Energy had a negative net margin of 90.52% and a negative return on equity of 2.16%. The company earned $847 million during the quarter, compared to analyst estimates of $909.36 million. During the same period last year, the firm posted $0.26 EPS. Noble Energy’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities analysts expect that Noble Energy Inc. will post ($1.09) EPS for the current fiscal year.
A number of research analysts recently issued reports on NBL shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of Noble Energy in a research report on Monday, July 18th. Barclays PLC reissued a “buy” rating on shares of Noble Energy in a research report on Sunday, July 17th. Seaport Global Securities raised shares of Noble Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $36.00 to $45.00 in a research report on Tuesday, June 7th. Credit Suisse Group AG reissued a “buy” rating on shares of Noble Energy in a research report on Thursday, June 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Noble Energy from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the company. Noble Energy has an average rating of “Buy” and a consensus price target of $40.05.
A number of institutional investors have recently bought and sold shares of NBL. Bessemer Group Inc. acquired a new position in Noble Energy during the first quarter worth about $150,000. NN Investment Partners Holdings N.V. acquired a new position in Noble Energy during the first quarter worth about $4,027,000. Nikko Asset Management Americas Inc. raised its position in Noble Energy by 2.9% in the first quarter. Nikko Asset Management Americas Inc. now owns 357,000 shares of the oil and gas development company’s stock worth $10,988,000 after buying an additional 10,100 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Noble Energy by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,044,227 shares of the oil and gas development company’s stock valued at $346,899,000 after buying an additional 123,419 shares during the period. Finally, BlackRock Group LTD raised its position in Noble Energy by 0.4% in the first quarter. BlackRock Group LTD now owns 4,289,859 shares of the oil and gas development company’s stock valued at $134,744,000 after buying an additional 17,849 shares during the period. 93.83% of the stock is owned by institutional investors.
About Noble Energy
Noble Energy, Inc is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs.
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