Insider Selling at Noble Energy (NBL) Continues with Significant Sale

Tuesday, December 12, 2017 10:15 PM ET

Insider Selling at Noble Energy (NBL) Continues with Significant Sale

There was a substantial insider sale of Noble Energy shares today, as disclosed in a filing with the SEC as — Thomas J Edelman, Director — sold 200,000 shares in the company having a market value of approximately $5,398,800. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 30,000 company shares and the disposition of 300,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 470,000 shares and have averaged 176,667 shares per transaction over this time period.

Noble Energy insider trading represents a higher number of buy/sell trades than for the 190 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 132 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Noble Energy insiders was also higher. Within the peer group there were 2,919,659 shares purchased and 8,149,605 shares sold with company insiders selling 39,621 shares on average.

The data used in composing and writing in this story eliminates 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.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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