Great West Life Assurance Co. Can Sells 35,853 Shares of Noble Energy, Inc. (NBL)

Great West Life Assurance Co. Can decreased its holdings in Noble Energy, Inc. (NYSE:NBL) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 310,497 shares of the oil and gas development company’s stock after selling 35,853 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Noble Energy worth $9,688,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in Noble Energy by 4.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 112,759 shares of the oil and gas development company’s stock valued at $3,515,000 after acquiring an additional 4,867 shares during the last quarter. Bank of Montreal Can raised its holdings in Noble Energy by 29.3% in the 3rd quarter. Bank of Montreal Can now owns 216,958 shares of the oil and gas development company’s stock valued at $6,767,000 after acquiring an additional 49,206 shares during the last quarter. Putnam Investments LLC raised its holdings in Noble Energy by 28.1% in the 2nd quarter. Putnam Investments LLC now owns 151,413 shares of the oil and gas development company’s stock valued at $5,342,000 after acquiring an additional 33,248 shares during the last quarter. American Century Companies Inc. raised its holdings in Noble Energy by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 7,460,070 shares of the oil and gas development company’s stock valued at $263,191,000 after acquiring an additional 119,166 shares during the last quarter. Finally, CIBC World Markets Inc. raised its holdings in Noble Energy by 50.0% in the 2nd quarter. CIBC World Markets Inc. now owns 19,206 shares of the oil and gas development company’s stock valued at $678,000 after acquiring an additional 6,404 shares during the last quarter. Institutional investors own 98.77% of the company’s stock.

Noble Energy stock opened at $23.78 on Friday. Noble Energy, Inc. has a 1-year low of $23.22 and a 1-year high of $37.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $11.44 billion, a PE ratio of 76.71, a PEG ratio of 2.43 and a beta of 1.10.

Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.09. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Noble Energy had a net margin of 25.09% and a return on equity of 4.82%. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) EPS. As a group, equities analysts forecast that Noble Energy, Inc. will post 0.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Monday, November 5th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.85%. Noble Energy’s payout ratio is currently 141.94%.

A number of analysts have commented on NBL shares. Citigroup cut their price objective on shares of Noble Energy from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, August 13th. Piper Jaffray Companies reiterated a “buy” rating and issued a $37.00 price objective on shares of Noble Energy in a report on Monday, November 19th. Stifel Nicolaus set a $46.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a report on Thursday, November 1st. KLR Group reiterated a “buy” rating and issued a $61.00 price objective on shares of Noble Energy in a report on Monday, August 20th. Finally, Tudor Pickering upgraded shares of Noble Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $41.40.

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

COPYRIGHT VIOLATION WARNING: “Great West Life Assurance Co. Can Sells 35,853 Shares of Noble Energy, Inc. (NBL)” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/12/08/great-west-life-assurance-co-can-sells-35853-shares-of-noble-energy-inc-nbl.html.

About Noble Energy

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.

Featured Story: Reverse Stock Split

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

Receive News & Ratings for Noble Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply