Noble Energy Inc. (NYSE:NBL) was downgraded by stock analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. They presently have a $38.00 target price on the oil and gas development company’s stock, down from their prior target price of $45.00. Seaport Global Securities’ price target would suggest a potential upside of 8.57% from the company’s previous close.

Several other brokerages also recently weighed in on NBL. Credit Suisse Group AG reissued a “buy” rating on shares of Noble Energy in a research note on Thursday, November 10th. Nomura reissued a “buy” rating and issued a $41.00 target price on shares of Noble Energy in a research note on Monday, November 7th. Jefferies Group reissued a “buy” rating and issued a $45.00 target price on shares of Noble Energy in a research note on Thursday, November 3rd. Mizuho assumed coverage on shares of Noble Energy in a research note on Friday, October 14th. They issued a “buy” rating and a $44.00 target price for the company. Finally, Johnson Rice reaffirmed a “buy” rating and set a $21.00 price objective (up previously from $19.00) on shares of Noble Energy in a research note on Thursday, September 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the company. Noble Energy presently has a consensus rating of “Buy” and a consensus price target of $40.71.

Analyst Recommendations for Noble Energy (NYSE:NBL)

Noble Energy (NYSE:NBL) opened at 35.00 on Thursday. The stock’s market cap is $15.05 billion. The stock has a 50 day moving average of $35.94 and a 200 day moving average of $35.57. Noble Energy has a 1-year low of $23.77 and a 1-year high of $38.62.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 21st. Shareholders of record on Monday, November 7th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 3rd. Noble Energy’s dividend payout ratio is presently -6.19%.

In other Noble Energy news, Director Thomas J. Edelman sold 12,000 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $33.62, for a total value of $403,440.00. Following the sale, the director now directly owns 3,032,978 shares of the company’s stock, valued at $101,968,720.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey L. Berenson sold 10,000 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $34.05, for a total value of $340,500.00. Following the completion of the sale, the director now directly owns 82,269 shares in the company, valued at $2,801,259.45. The disclosure for this sale can be found here. 2.17% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Noble Energy by 0.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 837,360 shares of the oil and gas development company’s stock valued at $29,927,000 after buying an additional 4,630 shares in the last quarter. Quantitative Systematic Strategies LLC raised its stake in shares of Noble Energy by 143.2% in the third quarter. Quantitative Systematic Strategies LLC now owns 37,632 shares of the oil and gas development company’s stock valued at $1,338,000 after buying an additional 22,157 shares in the last quarter. Credit Suisse AG raised its stake in shares of Noble Energy by 21.7% in the third quarter. Credit Suisse AG now owns 963,373 shares of the oil and gas development company’s stock valued at $34,430,000 after buying an additional 171,589 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Noble Energy by 21.2% in the third quarter. Ameritas Investment Partners Inc. now owns 10,272 shares of the oil and gas development company’s stock valued at $367,000 after buying an additional 1,799 shares in the last quarter. Finally, Phocas Financial Corp. raised its stake in shares of Noble Energy by 7.2% in the third quarter. Phocas Financial Corp. now owns 189,498 shares of the oil and gas development company’s stock valued at $6,773,000 after buying an additional 12,711 shares in the last quarter. 95.38% of the stock is currently owned by hedge funds and other institutional investors.

Noble Energy Company Profile

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.

5 Day Chart for NYSE:NBL

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