Noble Energy Inc. (NYSE:NBL) saw unusually-high trading volume on Thursday . Approximately 6,695,812 shares were traded during trading, an increase of 56% from the previous session’s volume of 4,297,145 shares.The stock last traded at $35.77 and had previously closed at $35.58.

A number of analysts have recently weighed in on the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Noble Energy in a research report on Thursday, June 2nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Noble Energy in a research report on Monday, July 18th. Nomura reaffirmed a “buy” rating and issued a $41.00 target price (up from $36.00) on shares of Noble Energy in a research report on Tuesday, May 24th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Noble Energy in a research report on Sunday, July 10th. Finally, Bank of America Corp. reaffirmed a “hold” rating and issued a $45.00 target price on shares of Noble Energy in a research report on Wednesday, May 4th. 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’s stock. The company currently has an average rating of “Buy” and a consensus target price of $41.71.

The stock’s 50 day moving average price is $35.36 and its 200 day moving average price is $33.96. The company’s market capitalization is $15.46 billion.

Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Wednesday, August 3rd. The oil and gas development company reported ($0.24) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.05. During the same quarter in the previous year, the firm posted $0.26 EPS. The business had revenue of $847 million for the quarter, compared to analysts’ expectations of $909.36 million. Noble Energy’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that Noble Energy Inc. will post ($1.07) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Monday, August 8th will be given a $0.10 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%.

In related news, Director Thomas J. Edelman sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The stock was 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 in the company, valued at $106,427,198.02. The sale was disclosed in a legal filing with the SEC, which is available through this link.

A number of hedge funds and institutional investors recently made changes to their positions in NBL. Suntrust Banks Inc. increased its position in shares of 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 worth $2,207,000 after buying an additional 1,597 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Noble Energy by 10.0% in the fourth quarter. Victory Capital Management Inc. now owns 90,524 shares of the oil and gas development company’s stock worth $2,981,000 after buying an additional 8,264 shares during the last quarter. KBC Group NV increased its position in shares of Noble Energy by 16.1% in the fourth quarter. KBC Group NV now owns 109,931 shares of the oil and gas development company’s stock worth $3,620,000 after buying an additional 15,255 shares during the last quarter. Bridgewater Associates LP increased its position in shares of Noble Energy by 8.8% in the fourth quarter. Bridgewater Associates LP now owns 131,562 shares of the oil and gas development company’s stock worth $4,332,000 after buying an additional 10,610 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Noble Energy by 2.7% in the fourth quarter. American International Group Inc. now owns 177,584 shares of the oil and gas development company’s stock worth $5,847,000 after buying an additional 4,679 shares during 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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