National Investment Services Inc. WI trimmed its position in shares of Noble Energy, Inc. (NYSE:NBL) by 28.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,614 shares of the oil and gas development company’s stock after selling 33,279 shares during the period. Noble Energy makes up approximately 2.3% of National Investment Services Inc. WI’s investment portfolio, making the stock its 17th largest position. National Investment Services Inc. WI’s holdings in Noble Energy were worth $2,437,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in NBL. Tower Research Capital LLC TRC acquired a new stake in shares of Noble Energy in the 2nd quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Noble Energy in the 3rd quarter valued at approximately $155,000. Pacer Advisors Inc. boosted its position in Noble Energy by 8.3% during 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. BT Investment Management Ltd acquired a new stake in Noble Energy during the 2nd quarter worth approximately $221,000. Finally, Riverhead Capital Management LLC boosted its position in Noble Energy by 16.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,529 shares of the oil and gas development company’s stock worth $241,000 after buying an additional 1,215 shares during the period. Hedge funds and other institutional investors own 94.43% of the company’s stock.
Shares of Noble Energy, Inc. (NYSE NBL) opened at $29.20 on Friday. Noble Energy, Inc. has a 52-week low of $22.99 and a 52-week high of $40.57. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $14,430.00, a price-to-earnings ratio of -7.32 and a beta of 1.14.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, February 9th. Noble Energy’s payout ratio is currently -10.03%.
Several equities research analysts recently commented on NBL shares. Stifel Nicolaus set a $41.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Royal Bank of Canada set a $36.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $41.00 target price on shares of Noble Energy in a research report on Tuesday, January 9th. Cowen set a $40.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a report on Sunday, December 10th. Finally, Credit Suisse Group started coverage on shares of Noble Energy in a report on Monday, December 11th. They set an “outperform” rating and a $35.00 price target for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $39.89.
In related news, VP Gary W. Willingham purchased 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average cost of $26.00 per share, with a total value of $780,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Edelman sold 300,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $27.83, for a total transaction of $8,349,000.00. The disclosure for this sale can be found here. Company 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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