Noble Energy Inc. (NYSE:NBL)‘s stock had its “buy” rating restated by equities research analysts at Credit Suisse Group AG in a research note issued on Thursday.

Other equities research analysts also recently issued reports about the stock. Nomura reiterated a “buy” rating and set a $41.00 price target on shares of Noble Energy in a research report on Monday, November 7th. Jefferies Group reiterated a “buy” rating and set a $45.00 price target on shares of Noble Energy in a research report on Thursday, November 3rd. Mizuho initiated coverage on shares of Noble Energy in a research report on Friday, October 14th. They set a “buy” rating and a $44.00 price target for the company. Johnson Rice reiterated a “buy” rating and set a $21.00 price target (up from $19.00) on shares of Noble Energy in a research report on Thursday, September 15th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Noble Energy in a research report on Monday, July 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $41.06.

Analyst Recommendations for Noble Energy (NYSE:NBL)

Noble Energy (NYSE:NBL) opened at 36.15 on Thursday. Noble Energy has a 12 month low of $23.77 and a 12 month high of $38.62. The stock’s market capitalization is $15.54 billion. The company has a 50-day moving average price of $35.65 and a 200 day moving average price of $35.58.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 21st. Investors of record on Monday, November 7th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 3rd. Noble Energy’s dividend payout ratio is presently -6.19%.

In related news, Director Thomas J. Edelman sold 12,000 shares of the business’s 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 completion of the sale, the director now owns 3,032,978 shares of the company’s stock, valued at approximately $101,968,720.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael W. Putnam sold 7,480 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $37.00, for a total transaction of $276,760.00. Following the sale, the vice president now directly owns 34,216 shares of the company’s stock, valued at approximately $1,265,992. The disclosure for this sale can be found here. Corporate insiders own 2.17% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Checchi Capital Advisers LLC increased its stake in shares of Noble Energy by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,592 shares of the oil and gas development company’s stock worth $129,000 after buying an additional 49 shares in the last quarter. Advisor Group Inc. acquired a new stake in shares of Noble Energy during the second quarter worth $136,000. Creative Planning boosted its position in Noble Energy by 34.7% in the second quarter. Creative Planning now owns 5,281 shares of the oil and gas development company’s stock valued at $189,000 after buying an additional 1,360 shares during the period. Penobscot Investment Management Company Inc. purchased a new position in Noble Energy during the second quarter valued at approximately $201,000. Finally, Carderock Capital Management Inc. purchased a new position in Noble Energy during the second quarter valued at approximately $206,000. 93.85% of the stock is owned by institutional investors and hedge funds.

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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