Victory Capital Management Inc. raised its position in shares of Noble Energy Inc. (NYSE:NBL) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,183,366 shares of the oil and gas development company’s stock after acquiring an additional 5,541 shares during the period. Victory Capital Management Inc. owned approximately 0.46% of Noble Energy worth $61,921,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new position in Noble Energy during the 3rd quarter worth about $1,096,000. Oslo Asset Management AS grew its holdings in Noble Energy by 377.2% during the 3rd quarter. Oslo Asset Management AS now owns 106,773 shares of the oil and gas development company’s stock worth $3,028,000 after acquiring an additional 84,400 shares in the last quarter. Calamos Advisors LLC lifted its position in shares of Noble Energy by 3.8% during the third quarter. Calamos Advisors LLC now owns 74,745 shares of the oil and gas development company’s stock valued at $2,120,000 after buying an additional 2,739 shares during the last quarter. Highstreet Asset Management Inc. lifted its position in shares of Noble Energy by 69.3% during the third quarter. Highstreet Asset Management Inc. now owns 70,082 shares of the oil and gas development company’s stock valued at $1,988,000 after buying an additional 28,679 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Noble Energy by 27.3% during the third quarter. First Trust Advisors LP now owns 1,050,176 shares of the oil and gas development company’s stock valued at $29,783,000 after buying an additional 225,302 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.
Several analysts have commented on the stock. Barclays PLC increased their price target on shares of Noble Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Jefferies Group LLC lowered shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a research report on Monday, October 9th. BMO Capital Markets set a $33.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies reissued a “buy” rating on shares of Noble Energy in a research report on Sunday, August 20th. Finally, Royal Bank Of Canada set a $37.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research report on Sunday, October 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Noble Energy has a consensus rating of “Buy” and a consensus target price of $40.64.
Shares of Noble Energy Inc. (NYSE:NBL) traded down $0.20 during trading on Monday, hitting $25.76. The stock had a trading volume of 3,267,682 shares, compared to its average volume of 5,193,869. Noble Energy Inc. has a 1-year low of $22.99 and a 1-year high of $42.03. The firm has a market capitalization of $12,630.00, a P/E ratio of 108.17 and a beta of 1.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95.
Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.11. The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) earnings per share. analysts forecast that Noble Energy Inc. will post -0.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, November 3rd. Noble Energy’s dividend payout ratio (DPR) is -10.03%.
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Noble Energy 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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