Shares of Noble Energy Inc. (NYSE:NBL) have been assigned a consensus rating of “Buy” from the thirty-one ratings firms that are currently covering the firm. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $40.35.

NBL has been the subject of several recent research reports. Jefferies Group reaffirmed a “buy” rating and set a $45.00 target price on shares of Noble Energy in a report on Wednesday, October 19th. Johnson Rice reaffirmed a “buy” rating and set a $21.00 target price (up from $19.00) on shares of Noble Energy in a report on Thursday, September 15th. Nomura reaffirmed a “buy” rating and set a $41.00 target price on shares of Noble Energy in a report on Monday, November 7th. Mizuho initiated coverage on shares of Noble Energy in a report on Friday, October 14th. They issued a “buy” rating and a $44.00 price target for the company. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Noble Energy in a report on Tuesday, November 22nd.

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Noble Energy (NYSE:NBL) traded up 11.22% during trading on Wednesday, reaching $38.56. 4,068,495 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $35.96 and a 200-day moving average of $35.57. Noble Energy has a 52 week low of $23.77 and a 52 week high of $38.92. The stock’s market capitalization is $16.58 billion.

The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were paid a $0.10 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $0.40 annualized dividend and a yield of 1.15%. Noble Energy’s dividend payout ratio is currently -6.19%.

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

A number of institutional investors have recently made changes to their positions in the stock. BP PLC bought a new position in shares of Noble Energy during the second quarter valued at approximately $1,972,000. Strs Ohio increased its stake in Noble Energy by 10.1% in the second quarter. Strs Ohio now owns 1,455,163 shares of the oil and gas development company’s stock valued at $52,196,000 after buying an additional 133,449 shares during the last quarter. Carmignac Gestion purchased a new stake in Noble Energy during the second quarter valued at $218,343,000. Capital Fund Management S.A. purchased a new stake in Noble Energy during the second quarter valued at $22,382,000. Finally, British Columbia Investment Management Corp increased its stake in Noble Energy by 14.4% in the third quarter. British Columbia Investment Management Corp now owns 255,530 shares of the oil and gas development company’s stock valued at $9,133,000 after buying an additional 32,176 shares during the last quarter. Institutional investors own 93.26% of the company’s stock.

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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