Investors 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 stocks 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

Several research firms have issued reports on NBL. Citigroup Inc. upgraded shares of Noble Energy from a “neutral” rating to a “buy” rating in a research note on Thursday. Wunderlich increased their target price on shares of Noble Energy from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday. Credit Agricole SA began coverage on shares of Noble Energy in a research note on Wednesday, June 22nd. They issued an “outperform” rating on the stock. Piper Jaffray Cos. began coverage on shares of Noble Energy in a research note on Wednesday, June 8th. They issued an “overweight” rating and a $48.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on shares of Noble Energy from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.26.

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

Noble Energy (NYSE:NBL) last released its quarterly earnings results on Wednesday, May 4th. The oil and gas development company reported ($0.53) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.57) by $0.04. The business had revenue of $724 million for the quarter, compared to analysts’ expectations of $800.78 million. Noble Energy’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. Equities analysts anticipate that Noble Energy Inc. will post ($1.15) earnings per share for the current year.

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

Other large investors have recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Noble Energy by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 56,838 shares of the oil and gas development company’s stock valued at $1,872,000 after buying an additional 3,119 shares in the last quarter. Morgan Stanley increased its stake in shares of Noble Energy by 0.8% in the fourth quarter. Morgan Stanley now owns 1,116,884 shares of the oil and gas development company’s stock valued at $36,778,000 after buying an additional 8,373 shares in the last quarter. Comerica Bank increased its stake in shares of Noble Energy by 2.7% in the fourth quarter. Comerica Bank now owns 119,519 shares of the oil and gas development company’s stock valued at $3,685,000 after buying an additional 3,153 shares in the last quarter. Guinness Asset Management Ltd increased its stake in shares of Noble Energy by 10.5% in the fourth quarter. Guinness Asset Management Ltd now owns 258,525 shares of the oil and gas development company’s stock valued at $8,513,000 after buying an additional 24,655 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in shares of Noble Energy by 1.2% in the fourth quarter. OppenheimerFunds Inc. now owns 7,684,156 shares of the oil and gas development company’s stock valued at $253,036,000 after buying an additional 87,687 shares in the last quarter.

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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