DFT Energy LP lowered its stake in shares of Noble Energy, Inc. (NYSE:NBL) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the oil and gas development company’s stock after selling 5,000 shares during the period. Noble Energy accounts for 7.5% of DFT Energy LP’s holdings, making the stock its 4th biggest position. DFT Energy LP’s holdings in Noble Energy were worth $5,828,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of Noble Energy during the 2nd quarter worth approximately $106,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Noble Energy during the 3rd quarter worth approximately $155,000. Sawyer & Company Inc acquired a new position in shares of Noble Energy during the 4th quarter worth approximately $169,000. Riverhead Capital Management LLC increased its holdings in shares of 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 acquiring an additional 1,215 shares during the last quarter. Finally, Sciencast Management LP increased its holdings in shares of Noble Energy by 16.8% during 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 during the last quarter. Institutional investors own 94.44% of the company’s stock.
A number of research firms recently weighed in on NBL. ValuEngine lowered Noble Energy from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stifel Nicolaus set a $40.00 target price on Noble Energy and gave the stock a “buy” rating in a report on Monday, January 29th. Jefferies Group set a $38.00 target price on Noble Energy and gave the stock a “buy” rating in a report on Tuesday, January 30th. Capital One Financial raised Noble Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 10th. Finally, Scotiabank set a $35.00 target price on Noble Energy and gave the stock a “hold” rating in a report on Saturday, November 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. Noble Energy has an average rating of “Buy” and a consensus price target of $39.89.
In related news, CEO David L. Stover bought 19,000 shares of Noble Energy stock in a transaction dated Monday, December 18th. The shares were bought at an average cost of $26.31 per share, with a total value of $499,890.00. Following the acquisition, the chief executive officer now owns 727,254 shares in the company, valued at approximately $19,134,052.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth M. Fisher sold 7,621 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $28.80, for a total value of $219,484.80. Following the sale, the chief financial officer now directly owns 197,144 shares in the company, valued at $5,677,747.20. The disclosure for this sale can be found here. Corporate insiders own 2.28% of the company’s stock.
Noble Energy, Inc. (NYSE NBL) traded up $0.93 on Wednesday, hitting $26.46. The stock had a trading volume of 9,043,759 shares, compared to its average volume of 5,266,728. The firm has a market cap of $12,610.00, a price-to-earnings ratio of -6.63 and a beta of 1.14. Noble Energy, Inc. has a 12 month low of $22.99 and a 12 month high of $37.91. 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 business also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, February 9th. Noble Energy’s dividend payout ratio (DPR) is currently -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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