State of Wisconsin Investment Board lifted its stake in shares of Noble Energy Inc. (NYSE:NBL) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 401,438 shares of the oil and gas development company’s stock after buying an additional 26,043 shares during the quarter. State of Wisconsin Investment Board owned about 0.09% of Noble Energy worth $11,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in NBL. Ares Management LLC purchased a new position in shares of Noble Energy during the second quarter valued at about $499,364,000. Capital World Investors increased its position in shares of Noble Energy by 20.8% during the second quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock valued at $1,561,730,000 after buying an additional 9,488,951 shares during the period. Vanguard Group Inc. increased its position in shares of Noble Energy by 29.8% during the second quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock valued at $1,101,810,000 after buying an additional 8,933,476 shares during the period. Carmignac Gestion increased its position in shares of Noble Energy by 107.3% during the second quarter. Carmignac Gestion now owns 11,753,883 shares of the oil and gas development company’s stock valued at $332,635,000 after buying an additional 6,084,237 shares during the period. Finally, Balyasny Asset Management LLC purchased a new position in shares of Noble Energy during the second quarter valued at about $75,546,000. Institutional investors own 91.49% of the company’s stock.
Several equities analysts recently issued reports on NBL shares. Citigroup Inc. reduced their price target on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Jefferies Group LLC reissued a “buy” rating and set a $32.00 price objective (down previously from $36.00) on shares of Noble Energy in a research note on Tuesday, August 29th. Royal Bank Of Canada reissued a “buy” rating and set a $38.00 price objective on shares of Noble Energy in a research note on Thursday, July 20th. Stifel Nicolaus set a $39.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, BMO Capital Markets set a $37.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Noble Energy presently has a consensus rating of “Buy” and a consensus price target of $40.66.
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In other Noble Energy news, Director Thomas J. Edelman sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.83, for a total transaction of $8,349,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Craddock sold 18,787 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total transaction of $536,744.59. Following the sale, the director now directly owns 114,226 shares of the company’s stock, valued at $3,263,436.82. The disclosure for this sale can be found here. 2.28% of the stock is owned by corporate insiders.
Noble Energy Inc. (NBL) opened at $25.99 on Thursday. The firm has a market cap of $12,977.82, a P/E ratio of 111.13 and a beta of 1.18. Noble Energy Inc. has a 52-week low of $22.99 and a 52-week high of $42.03. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.11. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. equities analysts expect that Noble Energy Inc. will post -0.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. Noble Energy’s dividend payout ratio (DPR) is -10.03%.
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.
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