Noble Energy Inc. (NYSE:NBL)‘s stock had its “hold” rating reaffirmed by investment analysts at Wells Fargo & Co. in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also issued reports on the company. Bank of America Corp. reissued a “hold” rating on shares of Noble Energy in a report on Thursday, November 17th. Seaport Global Securities lowered Noble Energy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $45.00 to $38.00 in a report on Thursday, November 17th. Credit Suisse Group AG reissued a “buy” rating on shares of Noble Energy in a report on Thursday, November 10th. Jefferies Group reissued a “buy” rating and issued a $45.00 target price on shares of Noble Energy in a report on Thursday, November 3rd. Finally, Nomura reissued a “buy” rating and issued a $17.00 target price on shares of Noble Energy in a report on Monday, September 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $40.71.

Analyst Recommendations for Noble Energy (NYSE:NBL)

Noble Energy (NYSE:NBL) opened at 35.76 on Tuesday. The stock’s market cap is $15.38 billion. The stock’s 50 day moving average price is $35.95 and its 200-day moving average price is $35.59. Noble Energy has a 12 month low of $23.77 and a 12 month high of $38.62.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.12%. Noble Energy’s dividend payout ratio (DPR) is presently -6.19%.

In other Noble Energy news, VP Michael W. Putnam sold 7,480 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $37.00, for a total transaction of $276,760.00. Following the completion of the sale, the vice president now owns 34,216 shares in the company, valued at approximately $1,265,992. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas J. Edelman sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $33.62, for a total value of $403,440.00. Following the sale, the director now owns 3,032,978 shares of the company’s stock, valued at approximately $101,968,720.36. The disclosure for this sale can be found here. Company insiders own 2.17% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Nuveen Asset Management LLC raised its stake in shares of Noble Energy by 3.9% in the first quarter. Nuveen Asset Management LLC now owns 28,200 shares of the oil and gas development company’s stock worth $885,000 after buying an additional 1,070 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Noble Energy during the first quarter worth $1,527,000. Seven Eight Capital LLC acquired a new stake in shares of Noble Energy during the first quarter worth $308,000. Squarepoint Ops LLC acquired a new stake in shares of Noble Energy during the first quarter worth $1,763,000. Finally, Phocas Financial Corp. raised its stake in shares of Noble Energy by 19.6% in the first quarter. Phocas Financial Corp. now owns 181,025 shares of the oil and gas development company’s stock worth $5,686,000 after buying an additional 29,728 shares during the period. Hedge funds and other institutional investors own 95.38% of the company’s stock.

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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

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