Todays Report: Today: Noble Energy’s (NBL) “Hold” Rating Reiterate at Wells Fargo & Co.

Today: Noble Energy’s (NBL) “Hold” Rating Reiterate at Wells Fargo & Co.

Wells Fargo & Co. reissued their hold rating on shares of Noble Energy Inc. (NYSE:NBL) in a report published on Tuesday morning.

Several other research analysts also recently issued reports on the stock. Bank of America Corp. reiterated a hold rating on shares of Noble Energy in a research note on Thursday, November 17th. Nomura reiterated a buy rating and issued a $41.00 target price on shares of Noble Energy in a research note on Thursday, November 17th. Seaport Global Securities downgraded shares of Noble Energy from a buy rating to a neutral rating and dropped their target price for the stock from $45.00 to $38.00 in a research note on Thursday, November 17th. Credit Suisse Group AG reiterated a buy rating on shares of Noble Energy in a research note on Thursday, November 10th. Finally, Jefferies Group reiterated a buy rating and issued a $45.00 target price on shares of Noble Energy in a research note on Thursday, November 3rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the stock. Noble Energy presently has a consensus rating of Buy and an average target price of $40.71.

Noble Energy (NYSE:NBL) opened at 35.95 on Tuesday. The company’s market capitalization is $15.46 billion. The firm has a 50-day moving average of $35.97 and a 200 day moving average of $35.60. Noble Energy has a one year low of $23.77 and a one year high of $38.62.

The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. Noble Energy’s dividend payout ratio (DPR) is presently -6.19%.

In related news, VP Michael W. Putnam sold 7,480 shares of Noble Energy stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $37.00, for a total transaction of $276,760.00. Following the completion of the sale, the vice president now owns 34,216 shares in the company, valued at approximately $1,265,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey L. Berenson sold 10,000 shares of Noble Energy stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $34.05, for a total transaction of $340,500.00. Following the sale, the director now owns 82,269 shares of the company’s stock, valued at approximately $2,801,259.45. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Capital Research Global Investors raised its stake in shares of Noble Energy by 5.1% in the third quarter. Capital Research Global Investors now owns 52,125,401 shares of the oil and gas development company’s stock worth $1,862,962,000 after buying an additional 2,516,916 shares during the last quarter. Capital World Investors raised its stake in shares of Noble Energy by 2.7% in the third quarter. Capital World Investors now owns 44,693,484 shares of the oil and gas development company’s stock worth $1,597,345,000 after buying an additional 1,182,334 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Noble Energy by 1.6% in the second quarter. Vanguard Group Inc. now owns 27,700,989 shares of the oil and gas development company’s stock worth $993,635,000 after buying an additional 432,855 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Noble Energy by 1.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,420,392 shares of the oil and gas development company’s stock worth $408,165,000 after buying an additional 208,450 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Noble Energy by 2.7% in the third quarter. Adage Capital Partners GP L.L.C. now owns 9,609,023 shares of the oil and gas development company’s stock worth $343,426,000 after buying an additional 249,300 shares during the last quarter. Institutional investors own 93.26% of the company’s stock.

About Noble Energy

Related posts

Leave a Comment