Creative Planning increased its stake in Noble Energy Inc. (NYSE:NBL) by 34.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,377 shares of the oil and gas development company’s stock after buying an additional 9,247 shares during the period. Creative Planning’s holdings in Noble Energy were worth $1,029,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of Noble Energy by 7.7% in the fourth quarter. AQR Capital Management LLC now owns 11,471 shares of the oil and gas development company’s stock valued at $437,000 after buying an additional 821 shares during the period. UBS Asset Management Americas Inc. increased its position in Noble Energy by 8.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,235,910 shares of the oil and gas development company’s stock worth $47,038,000 after buying an additional 92,510 shares during the last quarter. Becker Capital Management Inc. increased its position in Noble Energy by 8.3% in the fourth quarter. Becker Capital Management Inc. now owns 394,710 shares of the oil and gas development company’s stock worth $15,023,000 after buying an additional 30,220 shares during the last quarter. Kentucky Retirement Systems acquired a new position in Noble Energy during the fourth quarter worth about $1,184,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Noble Energy during the fourth quarter worth about $528,000. Institutional investors and hedge funds own 96.85% of the company’s stock.
Shares of Noble Energy Inc. (NBL) traded down 0.90% on Monday, hitting $28.74. The company had a trading volume of 632,308 shares. The company has a 50 day moving average price of $28.55 and a 200 day moving average price of $33.13. The firm’s market capitalization is $12.39 billion. Noble Energy Inc. has a 1-year low of $26.56 and a 1-year high of $42.03.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Monday, May 1st. The oil and gas development company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $974.54 million. Noble Energy had a negative return on equity of 0.44% and a negative net margin of 17.75%. The firm’s quarterly revenue was up 43.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.53) EPS. On average, equities analysts forecast that Noble Energy Inc. will post ($0.24) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. Noble Energy’s dividend payout ratio (DPR) is -25.48%.
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A number of analysts have recently commented on the company. Scotiabank reaffirmed a “hold” rating and issued a $38.00 price target on shares of Noble Energy in a research note on Friday, June 30th. Piper Jaffray Companies reissued a “buy” rating and set a $47.00 target price on shares of Noble Energy in a research note on Tuesday, May 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $48.00 price target on shares of Noble Energy in a research report on Tuesday, April 25th. Citigroup Inc. reduced their price target on Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $43.00 price objective on shares of Noble Energy in a report on Friday, May 26th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.11.
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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