In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Noble Energy Inc. (NYSE:NBL) reported that Growth Fund of America has picked up 25,967,053 of common stock as of 2017-02-14.
The acquisition brings the aggregate amount owned by Growth Fund of America to a total of 25,967,053 representing a 6.0% stake in the company.
For those not familiar with the company, Noble Energy, Inc. is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs. The Company operates in over seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean. Its sanctioned projects include DJ Basin (onshore United States), Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), Gunflint (deepwater Gulf of Mexico) and Tamar Southwest (offshore Israel). Its proved reserves are approximately 1,420 million barrels oil equivalent.
A glance at Noble Energy Inc. (NYSE:NBL)’s key stats reveals a current market capitalization of 15.85 billion based on 429.70 million shares outstanding and a price at last close of $37.27 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-12-04, Williamson picked up 2,456 at a purchase price of $34.07. This brings their total holding to 7,787 as of the date of the filing.
On the sell side, the most recent transaction saw Cawley unload 3,000 shares at a sale price of $39.51. This brings their total holding to 38,387.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Noble Energy Inc. (NYSE:NBL) as things move forward to see if its progress aligns with these transactions.
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