First Manhattan Co. continued to hold its stake in shares of Noble Energy Inc. (NYSE:NBL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,900 shares of the oil and gas development company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Noble Energy were worth $1,921,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Noble Energy by 2,679.8% in the first quarter. BlackRock Inc. now owns 30,020,041 shares of the oil and gas development company’s stock valued at $1,030,889,000 after buying an additional 28,940,088 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Noble Energy by 3.9% in the first quarter. Vanguard Group Inc. now owns 29,999,741 shares of the oil and gas development company’s stock valued at $1,030,192,000 after buying an additional 1,117,646 shares in the last quarter. FMR LLC increased its stake in shares of Noble Energy by 4.3% in the first quarter. FMR LLC now owns 8,709,858 shares of the oil and gas development company’s stock valued at $299,097,000 after buying an additional 358,456 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Noble Energy by 1.8% in the first quarter. Jennison Associates LLC now owns 8,059,455 shares of the oil and gas development company’s stock valued at $276,762,000 after buying an additional 142,417 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Noble Energy by 3.5% in the first quarter. American Century Companies Inc. now owns 7,189,889 shares of the oil and gas development company’s stock valued at $246,901,000 after buying an additional 240,712 shares in the last quarter. 96.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Noble Energy Inc. (NYSE NBL) opened at 25.92 on Friday. Noble Energy Inc. has a 12-month low of $25.46 and a 12-month high of $42.03. The firm’s market cap is $11.17 billion. The firm has a 50-day moving average price of $28.51 and a 200-day moving average price of $32.95. Noble Energy also was the recipient of some unusual options trading on Thursday. Stock traders purchased 14,877 put options on the stock. This represents an increase of approximately 1,296% compared to the typical daily volume of 1,066 put options.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.18. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.24) earnings per share. Equities research analysts anticipate that Noble Energy Inc. will post ($0.23) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.40 annualized dividend and a yield of 1.54%. Noble Energy’s dividend payout ratio is -9.90%.
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Several equities research analysts recently issued reports on NBL shares. Seaport Global Securities downgraded Noble Energy from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $36.00 to $23.00 in a research note on Wednesday, June 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $38.00 price objective on shares of Noble Energy in a research note on Thursday, July 20th. Scotiabank set a $38.00 price objective on Noble Energy and gave the stock a “hold” rating in a research note on Thursday. Jefferies Group LLC set a $40.00 price objective on Noble Energy and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Finally, Evercore ISI reissued an “outperform” rating and issued a $40.00 price objective on shares of Noble Energy in a research note on Tuesday, May 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $41.75.
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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