Large Inflow of Money Detected in Noble Energy

Noble Energy (NBL) : Investors lapped up stocks on upticks to the tune of $15.01 million in the Tuesdays trading session. The trading value on downticks was comparatively at $10.77 million and the uptick to downtick ratio of 1.39 indicates continuous buying by the bulls. The net money flow into the stock was $4.24 million. Upticks saw transactions worth $4.92 clearly indicating buying by large investors. The total money flow for block trades stood at $4.92 million, which is a positive for the stock in the long-term. Noble Energy (NBL) fell $0.34 during the day at $35.65, a drop of -0.94% over the previous days close. However, for the week, the stock is 0.88%, compared to the previous week.


Also, Brokerage firm Barclays maintains its rating on Noble Energy (NYSE:NBL). As per the latest information, the brokerage house raises the price target to $44 per share from a prior target of $41. The shares have been rated Overweight. The rating by the firm was issued on July 14, 2016.

Noble Energy, Inc. has dropped 0.22% in the last five trading days, however, the shares have posted positive gains of 3.91% in the last 4 weeks. Noble Energy, Inc. is up 0.72% in the last 3-month period. Year-to-Date the stock performance stands at 9.16%.

Noble Energy (NYSE:NBL): The stock opened at $36.01 on Tuesday but the bulls could not build on the opening and the stock topped out at $36.21 for the day. The stock traded down to $35.55 during the day, due to lack of any buying support eventually closed down at $35.63 with a loss of -1.00% for the day. The stock had closed at $35.99 on the previous day. The total traded volume was 2,407,391 shares.

In a related news, Craddock James E, director of Noble Energy Inc, unloaded 32,662 shares at an average price of $35.26 on August 12, 2016. The total amount of the transaction was worth $1,151,662, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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