Noble Energy Inc. (NYSE:NBL) Director Jeffrey L. Berenson sold 10,000 shares of Noble Energy stock in a transaction 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 completion of the sale, the director now directly owns 82,269 shares of the company’s stock, valued at approximately $2,801,259.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Noble Energy Inc. (NYSE:NBL) opened at 33.54 on Tuesday. The company has a 50-day moving average price of $34.93 and a 200-day moving average price of $34.83. The company’s market capitalization is $14.42 billion. Noble Energy Inc. has a one year low of $23.77 and a one year high of $39.85.

Noble Energy (NYSE:NBL) last released its earnings results on Wednesday, August 3rd. The oil and gas development company reported ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. Noble Energy had a negative net margin of 90.52% and a negative return on equity of 2.16%. The business earned $847 million during the quarter, compared to analysts’ expectations of $909.36 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. Equities research analysts anticipate that Noble Energy Inc. will post ($1.09) EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 8th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, August 4th. Noble Energy’s payout ratio is presently -5.88%.

NBL has been the subject of a number of research reports. Deutsche Bank AG reissued a “buy” rating on shares of Noble Energy in a research report on Sunday, July 10th. Barclays PLC reissued a “buy” rating on shares of Noble Energy in a research report on Sunday, July 17th. Stifel Nicolaus boosted their price target on Noble Energy from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Credit Agricole SA initiated coverage on Noble Energy in a research report on Wednesday, June 22nd. They set an “outperform” rating for the company. Finally, Wunderlich boosted their price target on Noble Energy from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 6th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $41.10.

Large investors have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC boosted its stake in Noble Energy by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,592 shares of the oil and gas development company’s stock valued at $129,000 after buying an additional 49 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of Noble Energy during the second quarter worth approximately $136,000. Bessemer Group Inc. acquired a new position in shares of Noble Energy during the first quarter worth approximately $150,000. Meeder Asset Management Inc. acquired a new position in shares of Noble Energy during the first quarter worth approximately $153,000. Finally, Creative Planning boosted its position in shares of Noble Energy by 34.7% in the second quarter. Creative Planning now owns 5,281 shares of the oil and gas development company’s stock worth $189,000 after buying an additional 1,360 shares in the last quarter. Institutional investors and hedge funds own 93.85% 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.

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