AMP Capital Investors Ltd lowered its stake in Noble Energy, Inc. (NYSE:NBL) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,589 shares of the oil and gas development company’s stock after selling 6,159 shares during the quarter. AMP Capital Investors Ltd’s holdings in Noble Energy were worth $3,456,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Noble Energy by 3.8% during the 4th quarter. American Century Companies Inc. now owns 8,726,274 shares of the oil and gas development company’s stock valued at $254,284,000 after acquiring an additional 321,942 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Noble Energy by 3.5% during the 4th quarter. Jennison Associates LLC now owns 8,365,528 shares of the oil and gas development company’s stock valued at $243,771,000 after acquiring an additional 286,126 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Noble Energy by 1.7% during the 3rd quarter. Artisan Partners Limited Partnership now owns 7,172,711 shares of the oil and gas development company’s stock valued at $203,418,000 after acquiring an additional 121,877 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Noble Energy by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 5,235,837 shares of the oil and gas development company’s stock valued at $152,254,000 after acquiring an additional 140,886 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in shares of Noble Energy by 7.4% during the 4th quarter. OppenheimerFunds Inc. now owns 4,399,822 shares of the oil and gas development company’s stock valued at $128,211,000 after acquiring an additional 302,201 shares during the last quarter. Hedge funds and other institutional investors own 95.64% of the company’s stock.
NBL stock opened at $29.25 on Wednesday. The firm has a market capitalization of $14,470.44, a PE ratio of -12.24 and a beta of 1.10. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64. Noble Energy, Inc. has a 1-year low of $22.99 and a 1-year high of $35.74.
Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Tuesday, February 20th. The oil and gas development company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.28. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Noble Energy had a positive return on equity of 1.46% and a negative net margin of 26.27%. Noble Energy’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS. research analysts anticipate that Noble Energy, Inc. will post 0.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%. Noble Energy’s dividend payout ratio is -16.74%.
Noble Energy declared that its Board of Directors has approved a share buyback program on Thursday, February 15th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas development company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts have recently issued reports on the company. UBS assumed coverage on Noble Energy in a research report on Wednesday, March 7th. They set a “buy” rating and a $40.00 price target for the company. JPMorgan Chase & Co. downgraded Noble Energy from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Friday, December 15th. Capital One Financial upgraded Noble Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 10th. Jefferies Group upgraded Noble Energy from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, December 20th. Finally, Deutsche Bank set a $40.00 price target on Noble Energy and gave the company a “buy” rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $40.48.
In other Noble Energy news, Director James E. Craddock sold 8,500 shares of Noble Energy stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $31.35, for a total value of $266,475.00. Following the transaction, the director now directly owns 93,413 shares of the company’s stock, valued at approximately $2,928,497.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth M. Fisher sold 7,621 shares of Noble Energy stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.80, for a total value of $219,484.80. Following the completion of the transaction, the chief financial officer now directly owns 197,144 shares in the company, valued at $5,677,747.20. The disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.
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About Noble Energy
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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