Chicago Equity Partners LLC decreased its position in Noble Energy Inc. (NYSE:NBL) by 79.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,300 shares of the oil and gas development company’s stock after selling 39,320 shares during the period. Chicago Equity Partners LLC’s holdings in Noble Energy were worth $292,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NBL. State of Alaska Department of Revenue boosted its holdings in shares of Noble Energy by 6.2% in the second quarter. State of Alaska Department of Revenue now owns 7,912 shares of the oil and gas development company’s stock valued at $223,000 after acquiring an additional 460 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Noble Energy by 6.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 47,896 shares of the oil and gas development company’s stock valued at $1,355,000 after purchasing an additional 3,000 shares during the last quarter. LS Investment Advisors LLC lifted its stake in Noble Energy by 7.8% during the second quarter. LS Investment Advisors LLC now owns 19,571 shares of the oil and gas development company’s stock valued at $554,000 after purchasing an additional 1,413 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Noble Energy by 5.2% during the second quarter. Louisiana State Employees Retirement System now owns 28,200 shares of the oil and gas development company’s stock valued at $798,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in Noble Energy by 12.6% during the second quarter. Aperio Group LLC now owns 169,985 shares of the oil and gas development company’s stock valued at $4,811,000 after purchasing an additional 19,013 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.
In related news, Director Thomas J. Edelman sold 300,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James E. Craddock sold 18,787 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total transaction of $536,744.59. Following the completion of the transaction, the director now owns 114,226 shares in the company, valued at $3,263,436.82. The disclosure for this sale can be found here. Corporate insiders own 2.28% of the company’s stock.
Shares of Noble Energy Inc. (NYSE:NBL) traded down $0.16 on Monday, hitting $26.84. 4,080,757 shares of the stock traded hands, compared to its average volume of 5,142,619. Noble Energy Inc. has a 52 week low of $22.99 and a 52 week high of $42.03. The firm has a market cap of $13,138.40, a price-to-earnings ratio of 112.50 and a beta of 1.16. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.
Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. During the same quarter in the prior year, the business posted ($0.07) EPS. Noble Energy’s quarterly revenue was up 5.5% on a year-over-year basis. research analysts anticipate that Noble Energy Inc. will post -0.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. Noble Energy’s dividend payout ratio (DPR) is -10.03%.
Several analysts recently commented on the stock. Stifel Nicolaus set a $39.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. Mizuho reissued a “buy” rating on shares of Noble Energy in a research note on Friday, September 29th. Imperial Capital assumed coverage on shares of Noble Energy in a research note on Thursday, September 28th. They set an “outperform” rating and a $40.00 target price for the company. Jefferies Group lowered shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research note on Monday, October 9th. Finally, Morgan Stanley upped their price target on shares of Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $40.60.
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Noble Energy Company 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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