Noble Energy Inc. (NYSE:NBL) fell 3.2% on Wednesday . The stock traded as low as $34.38 and last traded at $34.48, with a volume of 3,093,935 shares traded. The stock had previously closed at $35.63.

Several brokerages have recently weighed in on NBL. Barclays PLC reaffirmed a “buy” rating on shares of Noble Energy in a research report on Sunday, July 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Noble Energy in a research report on Wednesday, June 1st. Royal Bank Of Canada upped their price target on shares of Noble Energy from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, May 5th. Sterne Agee CRT raised shares of Noble Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $35.33 to $47.00 in a research report on Wednesday, May 25th. They noted that the move was a valuation call. Finally, Bank of America Corp. reaffirmed a “hold” rating and issued a $45.00 price target on shares of Noble Energy in a research report on Wednesday, May 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the stock. Noble Energy currently has an average rating of “Buy” and a consensus price target of $41.71.

The firm’s market cap is $14.83 billion. The firm has a 50-day moving average of $35.24 and a 200-day moving average of $34.38.

Noble Energy (NYSE:NBL) last released its quarterly earnings results on Wednesday, August 3rd. The oil and gas development company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.05. 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 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, analysts anticipate that Noble Energy Inc. will post ($1.09) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 8th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.40 annualized dividend and a yield of 1.16%.

In related news, Director Thomas J. Edelman sold 12,000 shares of the company’s 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 completion of the sale, the director now owns 3,032,978 shares in the company, valued at approximately $106,427,198.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

An institutional investor recently raised its position in Noble Energy stock. KBC Group NV raised its stake in shares of Noble Energy Inc. (NYSE:NBL) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,931 shares of the oil and gas development company’s stock after buying an additional 15,255 shares during the period. KBC Group NV’s holdings in Noble Energy were worth $3,620,000 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.