Noble Energy Sees Unusually High Options Volume (NBL)

Noble Energy Inc. (NYSE:NBL) saw unusually large options trading activity on Wednesday. Investors purchased 2,259 put options on the company. This represents an increase of 2,072% compared to the average volume of 104 put options.

In other Noble Energy news, VP Gary W. Willingham acquired 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $780,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Edelman sold 300,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.83, for a total transaction of $8,349,000.00. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. California Public Employees Retirement System increased its position in shares of Noble Energy by 2.7% during the third quarter. California Public Employees Retirement System now owns 872,389 shares of the oil and gas development company’s stock worth $24,741,000 after acquiring an additional 22,605 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Noble Energy by 29.1% during the third quarter. Janus Henderson Group PLC now owns 2,399,484 shares of the oil and gas development company’s stock worth $68,049,000 after acquiring an additional 540,221 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Noble Energy during the third quarter worth $2,500,000. Vident Investment Advisory LLC bought a new stake in shares of Noble Energy during the third quarter worth $361,000. Finally, Chevy Chase Trust Holdings Inc. grew its position in Noble Energy by 8.1% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 427,585 shares of the oil and gas development company’s stock valued at $12,126,000 after purchasing an additional 32,208 shares in the last quarter. 94.32% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on NBL shares. Piper Jaffray Companies restated a “buy” rating on shares of Noble Energy in a report on Sunday, August 20th. Cowen set a $35.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research note on Friday, August 25th. Jefferies Group reaffirmed a “buy” rating and issued a $32.00 target price (down previously from $36.00) on shares of Noble Energy in a research note on Tuesday, August 29th. Imperial Capital started coverage on shares of Noble Energy in a research note on Thursday, September 28th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, Mizuho reaffirmed a “buy” rating on shares of Noble Energy in a research note on Friday, September 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $40.43.

Shares of Noble Energy (NYSE NBL) opened at $26.94 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. Noble Energy has a 12-month low of $22.99 and a 12-month high of $42.03. The stock has a market cap of $13,109.19, a price-to-earnings ratio of 112.25 and a beta of 1.16.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. research analysts expect that Noble Energy will post -0.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, November 3rd. Noble Energy’s dividend payout ratio is -10.03%.

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Noble Energy Company Profile

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.

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