Noble Energy Inc. (NBL) VP Gary W. Willingham Acquires 30,000 Shares of Stock
Noble Energy Inc. (NYSE:NBL) VP Gary W. Willingham bought 30,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was bought at an average cost of $26.00 per share, with a total value of $780,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Noble Energy Inc. (NYSE NBL) traded up $0.70 during trading hours on Friday, reaching $27.00. 4,380,000 shares of the company’s stock were exchanged, compared to its average volume of 4,490,000. The firm has a market cap of $13,490.00, a P/E ratio of 109.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. Noble Energy Inc. has a twelve month low of $22.99 and a twelve month high of $42.03.
Noble Energy (NYSE:NBL) last released its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) EPS. research analysts expect that Noble Energy Inc. will post -0.05 EPS for the current fiscal year.
A number of research analysts recently issued reports on the stock. Stifel Nicolaus set a $39.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Mizuho reiterated a “buy” rating on shares of Noble Energy in a report on Friday, September 29th. Imperial Capital assumed coverage on shares of Noble Energy in a report on Thursday, September 28th. They issued an “outperform” rating and a $40.00 price objective for the company. Jefferies Group lowered shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Monday, October 9th. Finally, Morgan Stanley raised their price objective on shares of Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Noble Energy currently has an average rating of “Buy” and a consensus target price of $40.60.
A number of large investors have recently added to or reduced their stakes in the business. Capital World Investors increased its position in Noble Energy by 20.8% during the 2nd quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock valued at $1,561,730,000 after purchasing an additional 9,488,951 shares during the period. Vanguard Group Inc. increased its position in Noble Energy by 29.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock valued at $1,101,810,000 after purchasing an additional 8,933,476 shares during the period. BlackRock Inc. increased its position in Noble Energy by 7.4% during the 2nd quarter. BlackRock Inc. now owns 32,231,480 shares of the oil and gas development company’s stock valued at $912,152,000 after purchasing an additional 2,211,439 shares during the period. State Street Corp increased its position in Noble Energy by 5.7% during the 2nd quarter. State Street Corp now owns 27,225,558 shares of the oil and gas development company’s stock valued at $770,487,000 after purchasing an additional 1,471,064 shares during the period. Finally, Ares Management LLC acquired a new stake in shares of Noble Energy during the 2nd quarter worth approximately $499,364,000. 94.33% of the stock is owned by institutional investors and hedge funds.
About Noble Energy
Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.
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