BlackRock Inc. lessened its holdings in Noble Energy, Inc. (NYSE:NBL) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,189,131 shares of the oil and gas development company’s stock after selling 470,948 shares during the quarter. BlackRock Inc. owned 0.07% of Noble Energy worth $967,131,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Services Advisors Inc. boosted its holdings in Noble Energy by 3.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,135 shares of the oil and gas development company’s stock valued at $259,000 after purchasing an additional 293 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Noble Energy by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 723,594 shares of the oil and gas development company’s stock valued at $20,521,000 after purchasing an additional 1,854 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Noble Energy by 4.9% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 41,203 shares of the oil and gas development company’s stock valued at $1,169,000 after purchasing an additional 1,943 shares in the last quarter. Lucas Capital Management boosted its holdings in Noble Energy by 18.7% in the 4th quarter. Lucas Capital Management now owns 12,700 shares of the oil and gas development company’s stock valued at $372,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Cadence Capital Management LLC boosted its holdings in Noble Energy by 13.8% in the 3rd quarter. Cadence Capital Management LLC now owns 18,123 shares of the oil and gas development company’s stock valued at $514,000 after purchasing an additional 2,201 shares in the last quarter. 94.47% of the stock is currently owned by institutional investors.
Noble Energy, Inc. (NYSE NBL) opened at $29.39 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. Noble Energy, Inc. has a 12-month low of $22.99 and a 12-month high of $37.78. The stock has a market capitalization of $14,300.00, a P/E ratio of -7.84 and a beta of 1.14.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Tuesday, February 20th. The oil and gas development company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.28. Noble Energy had a positive return on equity of 1.49% and a negative net margin of 26.27%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $0.26 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. analysts predict that Noble Energy, Inc. will post 0.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. Noble Energy’s dividend payout ratio is currently -10.67%.
Noble Energy declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 15th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the oil and gas development company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
NBL has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on Noble Energy from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Mizuho set a $43.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. downgraded shares of Noble Energy from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Friday, December 15th. Credit Suisse Group started coverage on shares of Noble Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $35.00 price target for the company. Finally, Barclays reduced their price target on shares of Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $39.74.
In related news, VP Gary W. Willingham acquired 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $780,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David L. Stover acquired 19,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average price of $26.31 per share, with a total value of $499,890.00. Following the completion of the transaction, the chief executive officer now directly owns 727,254 shares in the company, valued at $19,134,052.74. The disclosure for this purchase can be found here. Insiders own 2.28% of the company’s stock.
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Noble Energy Profile
Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.
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