Insider Buying: Noble Energy, Inc. (NYSE:NBL) CEO Acquires $155,160.00 in Stock

Noble Energy, Inc. (NYSE:NBL) CEO David L. Stover acquired 36,000 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were bought at an average price of $4.31 per share, for a total transaction of $155,160.00. Following the acquisition, the chief executive officer now directly owns 711,153 shares of the company’s stock, valued at approximately $3,065,069.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NYSE:NBL opened at $6.12 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a 50-day moving average of $13.55 and a 200-day moving average of $19.80. The company has a market cap of $1.95 billion, a PE ratio of 6.80 and a beta of 1.43. Noble Energy, Inc. has a one year low of $2.73 and a one year high of $28.40.

Noble Energy (NYSE:NBL) last posted its earnings results on Wednesday, February 12th. The oil and gas development company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.10 billion. Noble Energy had a negative net margin of 25.33% and a negative return on equity of 0.82%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, equities research analysts expect that Noble Energy, Inc. will post -0.41 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. HM Payson & Co. grew its position in Noble Energy by 75.0% in the 4th quarter. HM Payson & Co. now owns 1,400 shares of the oil and gas development company’s stock worth $35,000 after purchasing an additional 600 shares in the last quarter. State of Michigan Retirement System grew its position in Noble Energy by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 115,661 shares of the oil and gas development company’s stock worth $2,873,000 after purchasing an additional 700 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in Noble Energy by 16.3% in the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 5,000 shares of the oil and gas development company’s stock worth $124,000 after purchasing an additional 700 shares in the last quarter. Retirement Systems of Alabama grew its position in Noble Energy by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 210,208 shares of the oil and gas development company’s stock worth $5,222,000 after purchasing an additional 771 shares in the last quarter. Finally, AXA grew its position in Noble Energy by 1.4% in the 4th quarter. AXA now owns 56,284 shares of the oil and gas development company’s stock worth $1,398,000 after purchasing an additional 776 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on NBL. Barclays upgraded shares of Noble Energy from an “equal weight” rating to an “overweight” rating and set a $8.00 price objective on the stock in a report on Tuesday. Tudor Pickering lowered shares of Noble Energy from a “hold” rating to a “sell” rating in a report on Wednesday, March 11th. ValuEngine lowered shares of Noble Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Cfra dropped their price objective on shares of Noble Energy from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Capital One Financial lowered shares of Noble Energy from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 17th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.33.

About Noble Energy

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.

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Insider Buying and Selling by Quarter for Noble Energy (NYSE:NBL)

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