Capital Guardian Trust Co. lowered its position in Noble Energy Inc. (NYSE:NBL) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 446,312 shares of the oil and gas development company’s stock after selling 55,500 shares during the period. Capital Guardian Trust Co. owned approximately 0.09% of Noble Energy worth $12,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Noble Energy during the second quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Noble Energy during the third quarter valued at approximately $155,000. Global X Management Co. LLC raised its stake in shares of Noble Energy by 22.6% during the second 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 in the last quarter. IndexIQ Advisors LLC bought a new stake in shares of Noble Energy during the second quarter valued at approximately $214,000. Finally, Pacer Advisors Inc. raised its stake in shares of Noble Energy by 8.3% during the second quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock valued at $215,000 after acquiring an additional 580 shares in the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.
NBL has been the subject of several research analyst reports. 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 note on Sunday, October 15th. Stifel Nicolaus set a $39.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. Mizuho reaffirmed a “buy” rating on shares of Noble Energy in a research note on Friday, September 29th. Jefferies Group reaffirmed a “buy” rating and set a $32.00 price target (down previously from $36.00) on shares of Noble Energy in a research note on Tuesday, August 29th. Finally, Cowen set a $35.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $40.43.
Noble Energy (NYSE:NBL) last released its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The business had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share. analysts anticipate that Noble Energy Inc. will post -0.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Friday, November 3rd. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.
In other news, Director James E. Craddock sold 18,787 shares of the business’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 sale, the director now directly owns 114,226 shares of the company’s stock, valued at $3,263,436.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Edelman sold 300,000 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. 2.28% of the stock is owned by insiders.
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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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