Traders purchased shares of Noble Energy Inc. (NYSE:NBL) on weakness during trading on Friday. $21.00 million flowed into the stock on the tick-up and $14.98 million flowed out of the stock on the tick-down, for a money net flow of $6.02 million into the stock. Of all equities tracked, Noble Energy had the 8th highest net in-flow for the day. Noble Energy traded down ($0.15) for the day and closed at $35.98

NBL has been the topic of several recent analyst reports. Seaport Global Securities raised Noble Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $36.00 to $45.00 in a research note on Tuesday, June 7th. Piper Jaffray Cos. began coverage on Noble Energy in a research report on Wednesday, June 8th. They issued an “overweight” rating and a $48.00 price objective for the company. Stifel Nicolaus cut their price objective on Noble Energy from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, March 29th. Tudor Pickering downgraded Noble Energy from a “buy” rating to a “hold” rating in a research report on Monday, March 28th. Finally, Simmons began coverage on Noble Energy in a research report on Wednesday, June 8th. They issued an “overweight” rating and a $48.00 price objective for the company. Three investment 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’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.26.

The company’s market capitalization is $15.44 billion. The company’s 50-day moving average is $36.09 and its 200 day moving average is $33.04.

Noble Energy (NYSE:NBL) last announced its earnings results on Wednesday, May 4th. The oil and gas development company reported ($0.53) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.57) by $0.04. During the same period in the prior year, the business earned $0.03 earnings per share. The company had revenue of $724 million for the quarter, compared to the consensus estimate of $800.78 million. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts predict that Noble Energy Inc. will post ($1.16) EPS for the current fiscal year.

In other news, Director Thomas J. Edelman sold 12,000 shares of Noble Energy stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $35.09, for a total value of $421,080.00. Following the completion of the transaction, the director now directly owns 3,032,978 shares of the company’s stock, valued at approximately $106,427,198.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Several hedge funds and institutional investors have bought and sold shares of the company. Mutual of America Capital Management LLC raised its position in Noble Energy by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 97,302 shares of the oil and gas development company’s stock valued at $3,204,000 after buying an additional 277 shares during the period. Advantus Capital Management Inc raised its position in Noble Energy by 2.4% in the fourth quarter. Advantus Capital Management Inc now owns 40,695 shares of the oil and gas development company’s stock valued at $1,340,000 after buying an additional 956 shares during the period. World Asset Management Inc raised its position in Noble Energy by 2.8% in the fourth quarter. World Asset Management Inc now owns 45,975 shares of the oil and gas development company’s stock valued at $1,514,000 after buying an additional 1,262 shares during the period. Suntrust Banks Inc. raised its position in Noble Energy by 2.4% in the fourth quarter. Suntrust Banks Inc. now owns 67,022 shares of the oil and gas development company’s stock valued at $2,207,000 after buying an additional 1,597 shares during the period. Finally, TD Asset Management Inc. raised its position in Noble Energy by 1.5% in the fourth quarter. TD Asset Management Inc. now owns 201,541 shares of the oil and gas development company’s stock valued at $6,637,000 after buying an additional 2,950 shares during the period.

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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