Large Outflow of Money Witnessed in Noble Energy

Shares of Noble Energy (NYSE:NBL) advanced to $36.79. The price had gained 2.48% or 0.89 points intraday. The latest trading session witnessed $10.81 million in upticks and $17.5 million in downticks, resulting in net money flow of (-6.7) million. The up/down ratio for the day stood at 0.62. On a weekly scale, the price has seen a change of 0.74%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-7.67) million occurred during the day. $0.74 million in uptick and $8.4 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.09.

Shares of Noble Energy, Inc. rose by 1.04% in the last five trading days and 4.65% for the last 4 weeks. Noble Energy, Inc. is up 7.35% in the last 3-month period. Year-to-Date the stock performance stands at 12.72%.

Currently the company Insiders own 2.17% of Noble Energy shares according to the proxy statements. Institutional Investors own 95.79% of Noble Energy shares. During last six month period, the net percent change held by insiders has seen a change of -15.27%. . On the companys insider trading activities, The Securities and Exchange Commission has divulged that Edelman Thomas J, director of Noble Energy Inc, had unloaded 12,000 shares at an average price of $29.69 in a transaction dated on March 28, 2016. The total value of the transaction was worth $356,280.

Noble Energy (NYSE:NBL) rose 2.79% or 1 points on Friday and made its way into the gainers of the day. After trading began at $36.18 the stock was seen hitting $36.95 as a peak level and $36.18 as the lowest level. The stock ended up at $36.9. The daily volume was measured at 3,921,312 shares. The 52-week high of the share price is $46.29 and the 52-week low is $23.77. The company has a market cap of $15,852 million.

Noble Energy, Inc. is an independent energy company engaged in crude oil, natural gas and natural gas liquids exploration and production. Its operations are grouped into four components: the United States; West Africa (Equatorial Guinea, Cameroon, Gabon and Sierra Leone; Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Its assets in the United States include DJ Basin, Marcellus Shale, Deepwater Gulf of Mexico and Other Onshore US. The onshore West Africa includes the Alba field, Block O and Block I offshore Equatorial Guinea, the YoYo mining concession and Tilapia PSC, offshore Cameroon, two blocks offshore Sierra Leone, and one block offshore Gabon. In the Eastern Mediterranean, it has six leases and five licenses operated offshore Israel and one license operated offshore Cyprus. Other International includes various international new ventures, such as offshore Nicaragua and offshore Falkland Islands.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.