Tuesday, November 14, 2017 10:15 PM ET
Significant Insider Selling Reported in Shares of Noble Energy (NBL)
There was a substantial sale of shares of Noble Energy by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Thomas J Edelman, Director — disposed of 300,000 shares in the company having a market value of approximately $8,349,000. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Noble Energy is near the 189 member peer company average. The Oil & Gas Exploration and Production peer group saw 123 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares per buy/sell trade transacted by Noble Energy insiders is higher. Within the peer group there were 8,323,521 shares purchased and 6,425,088 shares sold with company insiders having bought 34,517 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to create and write this story.
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