Noble Energy Inc. (NBL) Given “Buy” Rating at Credit Suisse Group AG

Noble Energy Inc. (NBL) Given “Buy” Rating at Credit Suisse Group AG

Credit Suisse Group AG restated their buy rating on shares of Noble Energy Inc. (NYSE:NBL) in a research note released on Monday. The firm currently has a $46.00 target price on the oil and gas development company’s stock.

A number of other equities analysts have also weighed in on the company. Vetr lowered Noble Energy from a buy rating to a hold rating and set a $41.00 price target for the company. in a research report on Tuesday, December 13th. Seaport Global Securities lowered Noble Energy from a neutral rating to a sell rating in a research report on Monday, December 12th. KLR Group restated a buy rating and set a $67.00 price objective (up from $55.00) on shares of Noble Energy in a research report on Wednesday, December 7th. Jefferies Group restated a buy rating and set a $46.00 price objective (up from $45.00) on shares of Noble Energy in a research report on Tuesday, December 6th. Finally, Instinet raised their price objective on Noble Energy from $41.00 to $44.00 and gave the stock a buy rating in a research report on Monday, December 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $42.14.

Noble Energy (NYSE:NBL) opened at 39.53 on Monday. The firm has a 50-day moving average price of $38.06 and a 200-day moving average price of $36.09. The stock’s market cap is $17.00 billion. Noble Energy has a 12-month low of $23.77 and a 12-month high of $42.03.

In other news, VP Michael W. Putnam sold 7,480 shares of Noble Energy stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $37.00, for a total transaction of $276,760.00. Following the sale, the vice president now owns 34,216 shares of the company’s stock, valued at approximately $1,265,992. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kleef William T. Van sold 10,000 shares of Noble Energy stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $40.00, for a total value of $400,000.00. Following the sale, the director now directly owns 107,296 shares in the company, valued at approximately $4,291,840. The disclosure for this sale can be found here. Insiders own 2.17% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. BP PLC purchased a new stake in shares of Noble Energy during the second quarter valued at $1,972,000. Macquarie Group Ltd. raised its stake in shares of Noble Energy by 1,369.6% in the second quarter. Macquarie Group Ltd. now owns 214,560 shares of the oil and gas development company’s stock valued at $7,696,000 after buying an additional 199,960 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Noble Energy by 13.1% in the third quarter. BlackRock Group LTD now owns 5,073,604 shares of the oil and gas development company’s stock valued at $181,332,000 after buying an additional 588,316 shares in the last quarter. Strs Ohio raised its stake in shares of Noble Energy by 10.1% in the second quarter. Strs Ohio now owns 1,455,163 shares of the oil and gas development company’s stock valued at $52,196,000 after buying an additional 133,449 shares in the last quarter. Finally, Carmignac Gestion bought a new stake in shares of Noble Energy during the second quarter valued at approximately $218,343,000. 92.80% of the stock is currently owned by institutional investors.

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