Noble Energy, Inc. (NBL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 6.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,357,952 shares of the oil and gas development company’s stock after selling 89,470 shares during the period. Victory Capital Management Inc. owned approximately 0.28% of Noble Energy worth $42,355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. acquired a new position in shares of Noble Energy during the 2nd quarter worth about $163,000. Advisors Preferred LLC acquired a new position in shares of Noble Energy during the 2nd quarter worth about $126,000. Piedmont Investment Advisors LLC acquired a new position in shares of Noble Energy during the 2nd quarter worth about $200,000. Ingalls & Snyder LLC acquired a new position in shares of Noble Energy during the 2nd quarter worth about $202,000. Finally, Chicago Equity Partners LLC acquired a new position in shares of Noble Energy during the 2nd quarter worth about $204,000. 97.43% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $17.75, for a total value of $250,935,264.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.96% of the company’s stock.

Noble Energy stock opened at $26.52 on Friday. Noble Energy, Inc. has a 12 month low of $23.83 and a 12 month high of $37.76. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 85.55, a PEG ratio of 2.78 and a beta of 1.08.

Noble Energy (NYSE:NBL) last issued its earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.09. Noble Energy had a return on equity of 4.82% and a net margin of 25.09%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm posted ($0.02) EPS. Noble Energy’s quarterly revenue was up 32.6% compared to the same quarter last year. As a group, analysts expect that Noble Energy, Inc. will post 1.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 5th will be issued a $0.11 dividend. The ex-dividend date is Friday, November 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.66%. Noble Energy’s payout ratio is presently 141.94%.

NBL has been the subject of several research analyst reports. KLR Group reissued a “buy” rating and set a $61.00 price objective on shares of Noble Energy in a research report on Monday, August 20th. TD Securities set a $43.00 price objective on Noble Energy and gave the stock a “buy” rating in a research report on Sunday, August 5th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Noble Energy in a report on Friday, September 28th. Morgan Stanley set a $38.00 price target on Noble Energy and gave the company a “hold” rating in a report on Friday, October 12th. Finally, Stifel Nicolaus set a $46.00 price target on Noble Energy and gave the company a “buy” rating in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.96.

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Noble Energy Company Profile

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

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Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

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