The stock of Noble Energy, Inc. (NYSE:NBL) is a huge mover today! About 2.23M shares traded hands. Noble Energy, Inc. (NYSE:NBL) has risen 9.56% since April 13, 2016 and is uptrending. It has outperformed by 5.63% the S&P500.
The move comes after 9 months positive chart setup for the $16.08 billion company. It was reported on Nov, 15 by Barchart.com. We have $49.46 PT which if reached, will make NYSE:NBL worth $5.15B more.
Noble Energy, Inc. (NYSE:NBL) Ratings Coverage
Out of 21 analysts covering Noble Energy Inc. (NYSE:NBL), 16 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 76% are positive. Noble Energy Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, December 9 by JP Morgan. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, August 5. RBC Capital Markets maintained Noble Energy, Inc. (NYSE:NBL) rating on Tuesday, August 4. RBC Capital Markets has “Outperform” rating and $53 price target. The firm earned “Top Pick” rating on Tuesday, October 27 by Cowen & Co. The firm earned “Hold” rating on Wednesday, December 16 by Argus Research. The firm has “Sector Perform” rating given on Monday, December 14 by Howard Weil. The stock of Noble Energy, Inc. (NYSE:NBL) earned “Overweight” rating by Morgan Stanley on Monday, September 21. Tudor Pickering downgraded Noble Energy, Inc. (NYSE:NBL) on Monday, March 28 to “Hold” rating. The stock of Noble Energy, Inc. (NYSE:NBL) has “Outperform” rating given on Tuesday, November 17 by RBC Capital Markets. The stock of Noble Energy, Inc. (NYSE:NBL) earned “Outperform” rating by Credit Suisse on Wednesday, July 22.
According to Zacks Investment Research, “Noble Energy, the parent company of Samedan Oil Corporation, Noble Gas Marketing, Inc. and Noble Trading, Inc., is one of the nation’s leading independent energy companies. 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.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.36, from 1.38 in 2016Q1. The ratio dropped, as 46 funds sold all Noble Energy, Inc. shares owned while 170 reduced positions. 56 funds bought stakes while 165 increased positions. They now own 401.25 million shares or 1.78% less from 408.52 million shares in 2016Q1.
Caisse De Depot Et Placement Du Quebec reported 18,379 shares or 0% of all its holdings. Allen Management Limited Liability accumulated 20,394 shares or 0.06% of the stock. Moreover, Eagle Asset Management has 0.01% invested in Noble Energy, Inc. (NYSE:NBL) for 59,813 shares. Pinebridge Investments Limited Partnership, a New York-based fund reported 579 shares. Ridgeworth Capital Management Llc has invested 0.51% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Penobscot Co, a Massachusetts-based fund reported 5,600 shares. Moreover, Clough Capital Prtnrs Lp has 0.45% invested in Noble Energy, Inc. (NYSE:NBL) for 235,065 shares. Bridgeway Mgmt has invested 0.26% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Loeb Partners accumulated 1.32% or 112,000 shares. Aureus Asset Management Ltd accumulated 4,548 shares or 0.09% of the stock. Dnb Asset Mngmt As holds 0% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 36,544 shares. Focused Wealth Mgmt last reported 0.07% of its portfolio in the stock. Millennium Management Limited Com holds 2.83 million shares or 0.23% of its portfolio. First Manhattan Company reported 69,040 shares or 0.02% of all its holdings. First Financial In holds 336 shares or 0.01% of its portfolio.
Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 5 selling transactions for $2.45 million net activity. $276,760 worth of Noble Energy, Inc. (NYSE:NBL) was sold by Putnam Michael W.. The insider BERENSON JEFFREY L sold $340,500. $277,219 worth of shares were sold by Gerhart Terry R. on Friday, August 12. The insider Craddock James E sold 32,662 shares worth $1.15 million. $403,440 worth of Noble Energy, Inc. (NYSE:NBL) was sold by EDELMAN THOMAS J on Monday, September 26.
More recent Noble Energy, Inc. (NYSE:NBL) news were published by: Bizjournals.com which released: “More layoffs at Noble Energy in Colorado, Texas” on November 09, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Enbridge Energy Partners, Crestwood Equity Partners and …” on November 01, 2016. Prnewswire.com‘s news article titled: “CONSOL Energy and Noble Energy, Inc. Announce Agreement to Separate Marcellus …” with publication date: October 31, 2016 was also an interesting one.
NBL Company Profile
Noble Energy, Inc., incorporated on December 29, 1969, is an independent energy firm engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs. The Firm operates in approximately seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean. The Company’s sanctioned projects include DJ Basin (onshore United States), Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), Gunflint (deepwater Gulf of Mexico) and Tamar Southwest (offshore Israel). The Company’s activities are grouped into approximately four components that are all primarily in the business of crude oil, natural gas and NGL exploration, development, production and acquisition: the United States; West Africa (Equatorial Guinea, Cameroon and Gabon); Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Other International includes the Falkland Islands, Suriname, the North Sea and China, and new ventures. The Company’s proved reserves are approximately 1,420 million barrels oil equivalent.
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