Cipher Capital LP lifted its holdings in Noble Energy Inc. (NYSE:NBL) by 272.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,403 shares of the oil and gas development company’s stock after purchasing an additional 95,360 shares during the quarter. Cipher Capital LP’s holdings in Noble Energy were worth $3,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors boosted its stake in shares of Noble Energy by 20.8% in the second quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock worth $1,561,730,000 after acquiring an additional 9,488,951 shares during the period. Vanguard Group Inc. boosted its stake in shares of Noble Energy by 29.8% in the second quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock worth $1,101,810,000 after acquiring an additional 8,933,476 shares during the period. BlackRock Inc. boosted its stake in shares of Noble Energy by 7.4% in the second quarter. BlackRock Inc. now owns 32,231,480 shares of the oil and gas development company’s stock worth $912,152,000 after acquiring an additional 2,211,439 shares during the period. State Street Corp boosted its stake in shares of Noble Energy by 5.7% in the second quarter. State Street Corp now owns 27,225,558 shares of the oil and gas development company’s stock worth $770,487,000 after acquiring an additional 1,471,064 shares during the period. Finally, Ares Management LLC bought a new position in shares of Noble Energy in the second quarter worth about $499,364,000. 94.32% of the stock is owned by institutional investors.
In other news, Director James E. Craddock sold 18,787 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total transaction of $536,744.59. Following the completion of the sale, the director now owns 114,226 shares in the company, valued at approximately $3,263,436.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas J. Edelman sold 300,000 shares of the 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 disclosure for this sale can be found here. 2.28% of the stock is currently owned by company insiders.
Noble Energy Inc. (NYSE NBL) opened at $26.84 on Tuesday. Noble Energy Inc. has a 52 week low of $22.99 and a 52 week high of $42.03. The stock has a market capitalization of $13,138.40, a P/E ratio of 112.50 and a beta of 1.16. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75.
Noble Energy (NYSE:NBL) last announced its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.11. The business had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS. analysts expect that Noble Energy Inc. will post -0.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.40 annualized dividend and a yield of 1.49%. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.
A number of equities research analysts recently commented on the company. Stifel Nicolaus set a $39.00 target price on Noble Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. Mizuho reiterated a “buy” rating on shares of Noble Energy in a research report on Friday, September 29th. Imperial Capital began coverage on Noble Energy in a research report on Thursday, September 28th. They set an “outperform” rating and a $40.00 price objective on the stock. Jefferies Group downgraded Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a research report on Monday, October 9th. Finally, Morgan Stanley upped their price objective on Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued 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 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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