Thompson Investment Management Inc. lessened its stake in Noble Energy, Inc. (NYSE:NBL) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,287 shares of the oil and gas development company’s stock after selling 9,145 shares during the period. Thompson Investment Management Inc.’s holdings in Noble Energy were worth $3,061,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in NBL. Park National Corp OH grew its stake in Noble Energy by 1.7% in the 2nd quarter. Park National Corp OH now owns 87,082 shares of the oil and gas development company’s stock worth $1,950,000 after buying an additional 1,417 shares in the last quarter. DNB Asset Management AS grew its stake in Noble Energy by 31.4% in the 2nd quarter. DNB Asset Management AS now owns 2,025,531 shares of the oil and gas development company’s stock worth $45,372,000 after buying an additional 483,966 shares in the last quarter. Burns J W & Co. Inc. NY grew its stake in Noble Energy by 23.8% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 10,408 shares of the oil and gas development company’s stock worth $233,000 after buying an additional 2,000 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Noble Energy by 8.1% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 65,162 shares of the oil and gas development company’s stock worth $1,460,000 after buying an additional 4,875 shares in the last quarter. Finally, Sanders Morris Harris LLC purchased a new position in Noble Energy in the 2nd quarter worth approximately $399,000. Institutional investors and hedge funds own 98.54% of the company’s stock.
Shares of Noble Energy stock traded up $0.87 during trading on Friday, reaching $21.43. The company’s stock had a trading volume of 8,175,612 shares, compared to its average volume of 5,781,083. Noble Energy, Inc. has a 52-week low of $17.11 and a 52-week high of $28.40. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 23.81 and a beta of 1.37. The firm’s 50-day moving average is $20.91 and its two-hundred day moving average is $22.18. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.68.
Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Thursday, November 7th. The oil and gas development company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. Noble Energy had a negative net margin of 19.93% and a positive return on equity of 0.87%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company earned $0.27 EPS. The firm’s revenue was down 12.1% on a year-over-year basis. On average, equities research analysts anticipate that Noble Energy, Inc. will post -0.38 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 4th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.48 dividend on an annualized basis and a yield of 2.24%. Noble Energy’s dividend payout ratio is currently 53.33%.
A number of brokerages have recently issued reports on NBL. ValuEngine raised shares of Noble Energy from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup upped their price objective on shares of Noble Energy from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Oppenheimer raised shares of Noble Energy from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research note on Thursday, August 22nd. Morgan Stanley cut their price objective on shares of Noble Energy from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, October 4th. Finally, KeyCorp began coverage on shares of Noble Energy in a research note on Wednesday, July 31st. They issued a “sector weight” rating for the company. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.14.
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. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.
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