Oslo Asset Management AS 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 institutional investor owned 22,373 shares of the oil and gas development company’s stock at the end of the second quarter. Noble Energy makes up 0.5% of Oslo Asset Management AS’s holdings, making the stock its 10th largest position. Oslo Asset Management AS’s holdings in Noble Energy were worth $633,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. First Midwest Bank Trust Division increased its stake in shares of Noble Energy by 51.4% in the second quarter. First Midwest Bank Trust Division now owns 23,712 shares of the oil and gas development company’s stock valued at $671,000 after buying an additional 8,053 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Noble Energy during the second quarter valued at $1,926,000. State Treasurer State of Michigan increased its stake in shares of Noble Energy by 4.5% in the second quarter. State Treasurer State of Michigan now owns 149,561 shares of the oil and gas development company’s stock valued at $4,233,000 after buying an additional 6,500 shares during the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new stake in shares of Noble Energy during the second quarter valued at $1,127,000. Finally, Aperio Group LLC increased its stake in shares of Noble Energy by 12.6% in the second quarter. Aperio Group LLC now owns 169,985 shares of the oil and gas development company’s stock valued at $4,811,000 after buying an additional 19,013 shares during the last quarter. 96.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Noble Energy Inc. (NBL) traded down 1.43% on Monday, hitting $25.55. The stock had a trading volume of 2,564,806 shares. Noble Energy Inc. has a one year low of $25.15 and a one year high of $42.03. The company’s market capitalization is $11.01 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 (NYSE:NBL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company earned ($0.24) EPS. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. On average, equities research analysts predict that Noble Energy Inc. will post ($0.21) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, August 3rd. Noble Energy’s dividend payout ratio is currently -9.90%.
Several analysts have weighed in on the company. BMO Capital Markets set a $37.00 target price on Noble Energy and gave the company a “buy” rating in a research note on Thursday. Scotiabank set a $38.00 target price on Noble Energy and gave the company a “hold” rating in a research note on Thursday. Citigroup Inc. cut their target price on Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 price target on shares of Noble Energy in a research report on Thursday, July 20th. Finally, Cowen and Company set a $35.00 price target on Noble Energy and gave the company a “buy” rating in a research report on Tuesday, July 18th. 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 company currently has a consensus rating of “Buy” and a consensus target price 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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