Prudential Financial Inc. lowered its stake in shares of Noble Energy Inc. (NYSE:NBL) by 31.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 654,267 shares of the oil and gas development company’s stock after selling 303,832 shares during the quarter. Prudential Financial Inc. owned about 0.14% of Noble Energy worth $18,555,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of NBL. Tower Research Capital LLC TRC acquired a new position in shares of Noble Energy during the second quarter valued at about $106,000. Global X Management Co. LLC increased its holdings in shares of Noble Energy by 22.6% during the second quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock valued at $198,000 after acquiring an additional 1,291 shares in the last quarter. IBM Retirement Fund increased its holdings in Noble Energy by 50.1% in the 2nd quarter. IBM Retirement Fund now owns 7,142 shares of the oil and gas development company’s stock worth $202,000 after buying an additional 2,384 shares during the period. IndexIQ Advisors LLC acquired a new position in Noble Energy in the 2nd quarter worth approximately $214,000. Finally, Pacer Advisors Inc. increased its holdings in Noble Energy by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock worth $215,000 after buying an additional 580 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.
In other news, Director Thomas J. Edelman sold 300,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $27.83, for a total transaction of $8,349,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gary W. Willingham bought 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average price of $26.00 per share, for a total transaction of $780,000.00. The disclosure for this purchase can be found here. Company insiders own 2.28% of the company’s stock.
Several equities analysts recently weighed in on the stock. Stifel Nicolaus set a $39.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. Mizuho reiterated a “buy” rating on shares of Noble Energy in a report on Friday, September 29th. Imperial Capital assumed coverage on shares of Noble Energy in a report on Thursday, September 28th. They issued an “outperform” rating and a $40.00 price target on the stock. Jefferies Group downgraded shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a report on Monday, October 9th. Finally, Morgan Stanley increased their price target on shares of Noble Energy from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $40.60.
Noble Energy Inc. (NYSE NBL) traded down $0.16 during trading on Monday, reaching $26.84. The company’s stock had a trading volume of 4,080,757 shares, compared to its average volume of 5,142,619. 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 Inc. has a 1-year low of $22.99 and a 1-year high of $42.03. The stock has a market cap of $13,138.40, a price-to-earnings ratio of 112.50 and a beta of 1.16.
Noble Energy (NYSE:NBL) last released its quarterly earnings data 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 positive return on equity of 1.06% and a negative net margin of 45.85%. The business 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 firm posted ($0.07) EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. sell-side analysts forecast that Noble Energy Inc. will post -0.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.49%. Noble Energy’s dividend payout ratio (DPR) is -10.03%.
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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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