Schwab Charles Investment Management Inc. boosted its holdings in Noble Energy, Inc. (NYSE:NBL) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,725,980 shares of the oil and gas development company’s stock after buying an additional 25,741 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.35% of Noble Energy worth $50,296,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of NBL. Tower Research Capital LLC TRC purchased a new stake in shares of Noble Energy during the 2nd quarter valued at about $106,000. Massey Quick Simon & CO. LLC purchased a new stake in Noble Energy in the 3rd quarter worth approximately $155,000. Sawyer & Company Inc purchased a new stake in Noble Energy in the 4th quarter worth approximately $169,000. Sciencast Management LP increased its holdings in Noble Energy by 16.8% in the 2nd quarter. Sciencast Management LP now owns 8,582 shares of the oil and gas development company’s stock worth $243,000 after acquiring an additional 1,232 shares in the last quarter. Finally, Gofen & Glossberg LLC IL increased its holdings in Noble Energy by 5.3% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 9,129 shares of the oil and gas development company’s stock worth $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.
Shares of Noble Energy, Inc. (NYSE:NBL) traded up $0.38 during trading on Wednesday, hitting $25.91. The stock had a trading volume of 3,576,426 shares, compared to its average volume of 5,090,092. The stock has a market capitalization of $12,610.00, a price-to-earnings ratio of -6.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. Noble Energy, Inc. has a 1 year low of $22.99 and a 1 year high of $37.91.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, February 9th. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. Noble Energy’s dividend payout ratio is currently -10.03%.
In other Noble Energy news, Director Thomas J. Edelman sold 200,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $26.99, for a total value of $5,398,000.00. Following the completion of the sale, the director now owns 2,952,878 shares of the company’s stock, valued at $79,698,177.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Gary W. Willingham purchased 30,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was acquired at an average cost of $26.00 per share, with a total value of $780,000.00. The disclosure for this purchase can be found here. Company insiders own 2.28% of the company’s stock.
Several research firms have weighed in on NBL. Stifel Nicolaus set a $41.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Royal Bank of Canada set a $36.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Piper Jaffray Companies restated a “buy” rating and issued a $41.00 price target on shares of Noble Energy in a research note on Tuesday, January 9th. Cowen set a $40.00 target price on Noble Energy and gave the company a “buy” rating in a research report on Sunday, December 10th. Finally, Credit Suisse Group initiated coverage on Noble Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $35.00 target price for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $39.89.
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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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