State of Alaska Department of Revenue boosted its position in Noble Energy, Inc. (NYSE:NBL) by 82.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,252 shares of the oil and gas development company’s stock after purchasing an additional 30,000 shares during the period. State of Alaska Department of Revenue’s holdings in Noble Energy were worth $1,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in shares of Noble Energy during the second quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Noble Energy during the third quarter valued at approximately $155,000. Sawyer & Company Inc bought a new stake in shares of Noble Energy during the fourth quarter valued at approximately $169,000. Sciencast Management LP raised its stake in shares of Noble Energy by 16.8% during the second quarter. Sciencast Management LP now owns 8,582 shares of the oil and gas development company’s stock valued at $243,000 after acquiring an additional 1,232 shares in the last quarter. Finally, Gofen & Glossberg LLC IL raised its stake in shares of Noble Energy by 5.3% during the second quarter. Gofen & Glossberg LLC IL now owns 9,129 shares of the oil and gas development company’s stock valued at $258,000 after acquiring an additional 456 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.
In other Noble Energy news, CFO Kenneth M. Fisher sold 7,621 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $28.80, for a total value of $219,484.80. Following the completion of the transaction, the chief financial officer now owns 197,144 shares in the company, valued at $5,677,747.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David L. Stover acquired 19,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was purchased at an average price of $26.31 per share, with a total value of $499,890.00. Following the transaction, the chief executive officer now owns 727,254 shares of the company’s stock, valued at approximately $19,134,052.74. The disclosure for this purchase can be found here. Insiders own 2.28% of the company’s stock.
Noble Energy, Inc. (NBL) opened at $25.97 on Tuesday. The stock has a market cap of $12,640.00, a price-to-earnings ratio of -6.51 and a beta of 1.14. Noble Energy, Inc. has a 1 year low of $22.99 and a 1 year high of $39.60. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.
The firm also recently announced 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 dividend on an annualized basis and a yield of 1.54%. Noble Energy’s dividend payout ratio is presently -10.03%.
A number of equities analysts recently commented on the stock. Capital One Financial raised shares of Noble Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 10th. ValuEngine downgraded shares of Noble Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Credit Suisse Group assumed coverage on shares of Noble Energy in a research note on Monday, December 11th. They issued an “outperform” rating and a $35.00 price objective for the company. Wolfe Research lowered shares of Noble Energy from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Finally, Stifel Nicolaus set a $40.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $39.89.
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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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