HAP Trading LLC trimmed its stake in shares of Noble Energy Inc. (NYSE:NBL) by 94.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,197 shares of the oil and gas development company’s stock after selling 228,203 shares during the quarter. HAP Trading LLC’s holdings in Noble Energy were worth $374,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in Noble Energy during the 2nd quarter worth approximately $106,000. Massey Quick Simon & CO. LLC acquired a new position in Noble Energy in the 3rd quarter valued at approximately $155,000. Global X Management Co. LLC increased its position in Noble Energy by 22.6% in the 2nd quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock valued at $198,000 after acquiring an additional 1,291 shares during the period. IBM Retirement Fund increased its position in Noble Energy by 50.1% in the 2nd quarter. IBM Retirement Fund now owns 7,142 shares of the oil and gas development company’s stock valued at $202,000 after acquiring an additional 2,384 shares during the period. Finally, IndexIQ Advisors LLC acquired a new position in Noble Energy in the 2nd quarter valued at approximately $214,000. Institutional investors and hedge funds own 91.49% of the company’s stock.
Several brokerages have issued reports on NBL. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 price target on shares of Noble Energy in a research report on Friday. Citigroup Inc. decreased their price target on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Royal Bank Of Canada set a $37.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research report on Sunday, October 15th. Barclays PLC decreased their price target on shares of Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, BMO Capital Markets set a $37.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Noble Energy presently has an average rating of “Buy” and an average target price of $40.64.
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Noble Energy Inc. (NYSE:NBL) traded up $0.16 during trading on Friday, hitting $25.96. 4,015,860 shares of the company’s stock were exchanged, compared to its average volume of 5,202,507. Noble Energy Inc. has a 12-month low of $22.99 and a 12-month high of $42.03. The company has a market capitalization of $12,520.00, a price-to-earnings ratio of 111.13 and a beta of 1.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. During the same period last year, the firm earned ($0.07) earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. sell-side analysts forecast that Noble Energy Inc. will post -0.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be paid 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 is Friday, November 3rd. Noble Energy’s dividend payout ratio (DPR) is -10.03%.
In other Noble Energy news, Director Thomas J. Edelman sold 300,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James E. Craddock sold 18,787 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 114,226 shares in the company, valued at $3,263,436.82. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by company insiders.
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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