Economy

Noble Energy To Divest Non-Core DJ Basin Acreage For $608 Mln

The company now has an insider ownership of 1.2 Percent and Institutional ownership of 96 Percent. According to today's trading volume Noble Energy, Inc.is ABOVE its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days.

Other large investors have also recently modified their holdings of the company.

Robert Polak increased its stake in Noble Energy Inc (NBL) by 33.34% based on its latest 2017Q2 regulatory filing with the SEC. Raymond James Financial Services Advisors Inc. now owns 9,135 shares of the oil and gas development company's stock worth $259,000 after purchasing an additional 293 shares during the last quarter. IBM Retirement Fund boosted its position in Noble Energy by 50.1% during the 2nd quarter. Noble Energy, Inc.is comprised of insider ownership at 1.20% and institutional ownership of 96.00%. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company's stock valued at $196,000 after buying an additional 1,319 shares during the period. The Wisconsin-based Timpani Capital Management Llc has invested 1.34% in the stock.

The MF Rank developed by hedge fund manager Joel Greenblatt, is intended spot high quality companies that are trading at an attractive price.

Gary Willingham, Noble Energy's Executive Vice President, Operations, said, "This sale of acreage in our Greely Crescent and Bronco development areas represents an acceleration of value as it was not likely to be developed by us for a number of years". Its EPS was $-3.99 while outstanding shares of the company were 487.00M. Following the completion of the transaction, the director now owns 114,226 shares in the company, valued at approximately $3,263,436.82.

Several research analysts have weighed in on NBL shares. Royal Bank Of Canada restated a "buy" rating and set a $38.00 price target on shares of Noble Energy in a research note on Thursday, July 20th. Finally, Morgan Stanley upped their price target on Noble Energy from $34.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, October 18th. Jefferies Group restated a "buy" rating and set a $45.00 target price on shares of Noble Energy in a research report on Thursday, November 3rd. The forecast of 20 surveyed investment analysts covering the stock advises investors to Buy stake in the company.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Noble Energy Inc. has a 12 month low of $22.99 and a 12 month high of $42.03. (NBL) moved 0.07% in the recent trading day. The company's stock had a trading volume of 5,166,614 shares, compared to its average volume of 4,660,534. The ability for Noble Energy, Inc.to pay these debts is as follows; current ratio is 1 and quick ratio comes to 0.9.

The Industrial Goods stock (American Outdoor Brands Corporation) created a change of -2% from opening and finally closed its business at $13.74 by making a change of -1.93% on 08-11-2017.

Noble Energy, Inc. (ticker: NBL) has signed a definitive agreement with SRC Energy Inc. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. State Street Corp now owns 27,225,558 shares of the oil and gas development company's stock worth $770,487,000 after buying an additional 1,471,064 shares during the last quarter. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. Noble Energy's revenue was up 5.5% on a year-over-year basis. sell-side analysts expect that Noble Energy Inc. will post -0.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 3rd. The Shareholder Yield of Noble Energy, Inc. Noble Energy operates throughout major basins in the United Stated including the Gulf of Mexico, as well as internationally, in Argentina, China, Ecuador, Equatorial Guinea, the Mediterranean Sea, the North Sea and Vietnam. "(NYSE:NBL) Holdings Trimmed by Penn Davis Mcfarland Inc." was published by Week Herald and is the property of of Week Herald. If you are accessing this piece on another site, it was stolen and republished in violation of United States and worldwide copyright law.



Like this

Latest


11 November 2017
Sam Smith discusses his 'awful' gaffe during his Oscars acceptance speech
Selling 97,328 copies across all platforms, The Thrill Of It All is Sam's second number one album, following on from his 2014 debut offering In The Lonely Hour .

11 November 2017
Chico's Fas (CHS) Is It Worthy for Investors?
Its minimum price target estimates has been figured out at $7 while the maximum price target forecast is established at $14. Benjamin F Edwards & Incorporated stated it has 1,600 shares or 0% of all its holdings. (NYSE:GME) for 4,199 shares.

11 November 2017
Bank of Nova Scotia Has $14.28 Million Position in Caterpillar, Inc. (CAT)
The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. They use historic price data to observe stock price patterns to predict the direction of that price going forward.

11 November 2017
Saskatoon man facing child porn related charges
A North Bay man has been charged with two counts of child pornography and making child pornography available online. Investigators reportedly identified a Saskatoon location where the offences were allegedly occurring.

11 November 2017
World Health Organization urges end to antibiotics use in healthy food-producing animals
Antibiotics should not be used in these animals for the objective of disease prevention without diagnosis, the directive says. There are those concerned increased use may create antibiotic resistant bacteria.

11 November 2017
Today's Brokerage Rating: ACADIA Pharmaceuticals Inc. (ACAD), Hertz Global Holdings, Inc. (HTZ)
Over the last five days, shares have faced -15.92% losses and now is up 12.57% since hitting its 200-day moving average of $17.08. Following the purchase, the insider now directly owns 31,200 shares of the company's stock, valued at approximately $875,160.

11 November 2017
Teenager was CBI suspect within 6 days of its taking over case?
CBI informed the court the next day that it wanted to keep the seized documents for investigation. DCP CBI/SC III of New Delhi , Ajay Kumar Bassi, was also present in court.

11 November 2017
At This Pune University, Gold Medal Only For Vegetarians And Teetotalers
As per the university tradition, the medal will be given at SPPU's convocation ceremony, scheduled for December. The candidates for the Shelar Mama gold medal have to send in their applications by November 15.

11 November 2017
Zook Sells 5000 Shares of Costco Wholesale Corporation (NASDAQ:COST) Stock
The stock of Costco Wholesale Corporation (NASDAQ:COST) has "Equal-Weight" rating given on Thursday, March 31 by Barclays Capital. Chilton accumulated 319,377 shares. $906,598 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by Hines Daniel M .

11 November 2017
Diamondback Energy, Inc. (FANG) Insider Michael L. Hollis Sells 2000 Shares
Tokio Marine Asset Mgmt Communication holds 0.09% of its portfolio in Diamondback Energy Inc (NASDAQ:FANG) for 7,200 shares. The company had revenue of $142.13 million for the quarter, compared to the consensus estimate of $142.58 million.



Recommended