FDx Advisors Inc. grew its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 34.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,926 shares of the oil and gas development company’s stock after purchasing an additional 2,553 shares during the quarter. FDx Advisors Inc.’s holdings in Noble Energy were worth $310,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of NBL. FMR LLC boosted its holdings in shares of Noble Energy by 121.2% during the 3rd quarter. FMR LLC now owns 15,861,163 shares of the oil and gas development company’s stock worth $494,709,000 after buying an additional 8,690,774 shares in the last quarter. Boston Partners bought a new position in shares of Noble Energy during the 2nd quarter worth approximately $102,102,000. Artisan Partners Limited Partnership boosted its holdings in shares of Noble Energy by 12.1% during the 2nd quarter. Artisan Partners Limited Partnership now owns 17,770,684 shares of the oil and gas development company’s stock worth $626,950,000 after buying an additional 1,916,041 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Noble Energy by 888.7% during the 2nd quarter. King Luther Capital Management Corp now owns 1,808,942 shares of the oil and gas development company’s stock worth $63,819,000 after buying an additional 1,625,983 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new position in shares of Noble Energy during the 2nd quarter worth approximately $53,200,000. Hedge funds and other institutional investors own 98.77% of the company’s stock.
A number of equities analysts have recently weighed in on NBL shares. Citigroup lowered their target price on Noble Energy from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $37.00 target price on shares of Noble Energy in a research report on Monday, November 19th. Stifel Nicolaus set a $46.00 target price on Noble Energy and gave the stock a “buy” rating in a research report on Thursday, November 1st. KLR Group reaffirmed a “buy” rating and set a $61.00 target price on shares of Noble Energy in a research report on Monday, August 20th. Finally, Tudor Pickering raised Noble Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Noble Energy presently has an average rating of “Buy” and a consensus price target of $41.40.
In related news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $17.75, for a total value of $250,935,264.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.96% of the company’s stock.
NYSE NBL opened at $23.78 on Friday. The firm has a market capitalization of $11.67 billion, a P/E ratio of 76.71, a P/E/G ratio of 2.48 and a beta of 1.10. Noble Energy, Inc. has a 12 month low of $23.22 and a 12 month high of $37.76. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.
Noble Energy (NYSE:NBL) last released its quarterly earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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%. Noble Energy’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) EPS. Equities analysts expect that Noble Energy, Inc. will post 0.98 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Monday, November 5th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Friday, November 2nd. Noble Energy’s payout ratio is currently 141.94%.
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Noble Energy Profile
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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