S&CO Inc. maintained its position in Noble Energy Inc. (NYSE:NBL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,890 shares of the oil and gas development company’s stock at the end of the second quarter. S&CO Inc.’s holdings in Noble Energy were worth $223,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of NBL. Cambiar Investors LLC boosted its position in Noble Energy by 15.9% in the second quarter. Cambiar Investors LLC now owns 1,401,507 shares of the oil and gas development company’s stock valued at $39,663,000 after buying an additional 192,062 shares in the last quarter. CIBC Asset Management Inc boosted its position in Noble Energy by 1.5% in the second quarter. CIBC Asset Management Inc now owns 39,704 shares of the oil and gas development company’s stock valued at $1,124,000 after buying an additional 603 shares in the last quarter. Eagle Global Advisors LLC bought a new position in Noble Energy during the second quarter valued at approximately $508,000. Harbour Capital Advisors LLC boosted its position in Noble Energy by 2,544.2% in the second quarter. Harbour Capital Advisors LLC now owns 104,710 shares of the oil and gas development company’s stock valued at $3,700,000 after buying an additional 100,750 shares in the last quarter. Finally, IBM Retirement Fund boosted its position in Noble Energy by 50.1% in the second quarter. IBM Retirement Fund now owns 7,142 shares of the oil and gas development company’s stock valued at $202,000 after buying an additional 2,384 shares in the last quarter. Institutional investors and hedge funds own 96.94% of the company’s stock.
Noble Energy Inc. (NBL) opened at 25.92 on Monday. The firm’s market cap is $11.17 billion. The stock’s 50 day moving average is $28.51 and its 200-day moving average is $32.95. Noble Energy Inc. has a 12 month low of $25.46 and a 12 month high of $42.03.
Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted ($0.24) EPS. The company’s quarterly revenue was up 25.0% on a year-over-year basis. On average, analysts anticipate that Noble Energy Inc. will post ($0.23) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders 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 (DPR) is presently -9.90%.
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Several equities analysts have recently commented on the stock. BMO Capital Markets set a $37.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Thursday. Scotiabank set a $38.00 price target on shares of Noble Energy and gave the company a “hold” rating in a report on Thursday. Citigroup Inc. lowered their price target on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and set a $38.00 price target on shares of Noble Energy in a report on Thursday, July 20th. Finally, Cowen and Company set a $35.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average 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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