Livforsakringsbolaget Skandia Omsesidigt decreased its position in Noble Energy, Inc. (NYSE:NBL) by 38.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,304 shares of the oil and gas development company’s stock after selling 2,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Noble Energy were worth $134,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. bought a new position in shares of Noble Energy in the second quarter worth approximately $163,000. Advisors Preferred LLC bought a new position in shares of Noble Energy in the second quarter worth approximately $126,000. Piedmont Investment Advisors LLC bought a new position in shares of Noble Energy in the second quarter worth approximately $200,000. Ingalls & Snyder LLC bought a new position in shares of Noble Energy in the second quarter worth approximately $202,000. Finally, Chicago Equity Partners LLC bought a new position in shares of Noble Energy in the second quarter worth approximately $204,000. Hedge funds and other institutional investors own 97.43% of the company’s stock.
Shares of Noble Energy stock opened at $26.34 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a market cap of $12.73 billion, a price-to-earnings ratio of 84.97, a PEG ratio of 2.76 and a beta of 1.08. Noble Energy, Inc. has a 12 month low of $23.83 and a 12 month high of $37.76.
Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Thursday, November 1st. The oil and gas development company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.16 billion. Noble Energy had a return on equity of 4.82% and a net margin of 25.09%. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) earnings per share. Sell-side analysts anticipate that Noble Energy, Inc. will post 0.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Monday, November 5th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, November 2nd. Noble Energy’s dividend payout ratio is currently 141.94%.
A number of analysts recently commented on the company. KLR Group reaffirmed a “buy” rating and issued a $61.00 price target on shares of Noble Energy in a research note on Monday, August 20th. Morgan Stanley assumed coverage on Noble Energy in a research note on Thursday, July 12th. They issued an “equal weight” rating and a $39.00 price target for the company. TD Securities set a $43.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Sunday, August 5th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Noble Energy in a research note on Friday, September 28th. Finally, Stifel Nicolaus set a $46.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.96.
In other Noble Energy news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the firm’s stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $17.75, for a total transaction of $250,935,264.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.96% of the company’s stock.
About Noble Energy
Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.
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