Noble Energy (NBL) has been under a strong bear grip, hence the stock is down -4.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.77% in the past 1 week. The stock has risen by 2.28% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.27% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 1.78% and the 50-Day Moving Average is 2.15%.
Noble Energy (NYSE:NBL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.79 and $36.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.80, notching a gain of 0.41% for the day. The total traded volume was 1,899,928 . The stock had closed at $36.65 on the previous day.
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%. In a related news, 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 $35.09 in a transaction dated on June 24, 2016. The total value of the transaction was worth $421,080.
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.