Noble Energy, Inc. (NBL) Declares $0.10 Quarterly Dividend

Noble Energy, Inc. (NYSE:NBL) announced a quarterly dividend on Tuesday, January 30th, RTT News reports. Investors of record on Monday, February 12th will be paid a dividend of 0.10 per share by the oil and gas development company on Monday, February 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, February 9th.

Noble Energy has decreased its dividend by an average of 16.2% per year over the last three years.

Noble Energy (NBL) traded up $0.35 during trading on Friday, reaching $25.68. 11,820,952 shares of the company were exchanged, compared to its average volume of 4,878,710. The company has a market capitalization of $12,496.07, a P/E ratio of -6.44 and a beta of 1.14. Noble Energy has a 1-year low of $22.99 and a 1-year high of $39.60. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.

In other Noble Energy news, CFO Kenneth M. Fisher sold 7,621 shares of Noble Energy stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $28.80, for a total value of $219,484.80. Following the completion of the sale, the chief financial officer now owns 197,144 shares in the company, valued at approximately $5,677,747.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David L. Stover acquired 19,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was acquired at an average price of $26.31 per share, with a total value of $499,890.00. Following the purchase, the chief executive officer now directly owns 727,254 shares in the company, valued at $19,134,052.74. The disclosure for this purchase can be found here. Insiders sold a total of 507,621 shares of company stock valued at $13,966,485 in the last quarter. Corporate insiders own 2.28% of the company’s stock.

NBL has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded shares of Noble Energy from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Friday, December 15th. Mizuho set a $43.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research report on Tuesday, January 16th. Credit Suisse Group assumed coverage on shares of Noble Energy in a research report on Monday, December 11th. They issued an “outperform” rating and a $35.00 price objective for the company. Barclays decreased their price objective on shares of Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, November 16th. Finally, Cowen set a $40.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research report on Sunday, December 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $39.89.

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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.

Dividend History for Noble Energy (NYSE:NBL)

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