Noble Energy Inc. (NYSE:NBL) is Oslo Asset Management AS’s 10th Largest Position

Oslo Asset Management AS maintained its position in Noble Energy Inc. (NYSE:NBL) during the second quarter, according to its most recent disclosure with the SEC. 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 accounts for approximately 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.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in shares of Noble Energy by 5.5% in the first quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock worth $100,000 after buying an additional 153 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Noble Energy during the first quarter worth about $132,000. Harbour Capital Advisors LLC purchased a new stake in shares of Noble Energy during the first quarter worth about $136,000. Global X Management Co. LLC boosted its position in Noble Energy by 30.1% in the first quarter. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company’s stock worth $196,000 after buying an additional 1,319 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in Noble Energy during the first quarter worth $201,000. 86.57% of the stock is owned by institutional investors.

Shares of Noble Energy Inc. (NYSE:NBL) opened at 24.59 on Tuesday. The stock’s market capitalization is $11.61 billion. Noble Energy Inc. has a 52 week low of $24.53 and a 52 week high of $42.03. The company has a 50-day moving average price of $27.64 and a 200 day moving average price of $32.06.

Noble Energy (NYSE:NBL) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.18. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The company’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.24) EPS. Analysts forecast that Noble Energy Inc. will post ($0.14) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.63%. Noble Energy’s dividend payout ratio (DPR) is currently -9.90%.

NBL has been the subject of a number of analyst reports. Citigroup Inc. decreased their price target on Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, July 21st. Barclays PLC reiterated an “overweight” rating and set a $41.00 target price (down from $46.00) on shares of Noble Energy in a research note on Saturday, April 22nd. Scotiabank reiterated a “hold” rating and set a $38.00 target price on shares of Noble Energy in a research note on Friday, June 30th. BidaskClub lowered Noble Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Finally, Bank of America Corporation raised Noble Energy from a “neutral” rating to a “buy” rating and dropped their price target for the company from $53.00 to $49.00 in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Noble Energy currently has an average rating of “Buy” and a consensus target price of $41.48.

About Noble Energy

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.