NBL has been the topic of several other research reports. Barclays cut their price objective on Noble Energy from $33.00 to $30.00 and set an overweight rating on the stock in a report on Thursday, November 16th. Jefferies Group downgraded Noble Energy from a buy rating to a hold rating and set a $29.00 price objective on the stock. in a report on Monday, October 9th. JPMorgan Chase & Co. downgraded Noble Energy from an overweight rating to a neutral rating and set a $30.00 price objective on the stock. in a report on Friday, December 15th. BMO Capital Markets set a $33.00 price objective on Noble Energy and gave the stock a buy rating in a report on Tuesday, October 10th. Finally, Capital One Financial upgraded Noble Energy from an equal weight rating to an overweight rating in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $39.26.
Shares of Noble Energy (NYSE:NBL) opened at $31.69 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $15,391.39, a PE ratio of -7.94 and a beta of 1.16. Noble Energy has a twelve month low of $22.99 and a twelve month high of $40.89.
In other Noble Energy news, VP Gary W. Willingham bought 30,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were bought at an average price of $26.00 per share, for a total transaction of $780,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas J. Edelman sold 300,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The disclosure for this sale can be found here. Insiders sold a total of 518,787 shares of company stock worth $14,283,745 in the last quarter. 2.28% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Capital World Investors increased its holdings in shares of Noble Energy by 20.8% in the 2nd quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock valued at $1,561,730,000 after purchasing an additional 9,488,951 shares during the period. Vanguard Group Inc. boosted its position in Noble Energy by 29.8% during the second quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock worth $1,101,810,000 after purchasing an additional 8,933,476 shares during the period. State Street Corp boosted its position in shares of Noble Energy by 5.7% in the second quarter. State Street Corp now owns 27,225,558 shares of the oil and gas development company’s stock valued at $770,487,000 after acquiring an additional 1,471,064 shares during the period. Ares Management LLC bought a new stake in shares of Noble Energy in the second quarter valued at approximately $499,364,000. Finally, Carmignac Gestion boosted its position in shares of Noble Energy by 107.3% in the second quarter. Carmignac Gestion now owns 11,753,883 shares of the oil and gas development company’s stock valued at $332,635,000 after acquiring an additional 6,084,237 shares during the period. Institutional investors own 94.16% of the company’s stock.
About Noble Energy
Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.
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