Sippican Capital Advisors lessened its stake in Noble Energy, Inc. (NYSE:NBL) by 4.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,779 shares of the oil and gas development company’s stock after selling 3,454 shares during the period. Noble Energy comprises about 2.3% of Sippican Capital Advisors’ investment portfolio, making the stock its 9th largest position. Sippican Capital Advisors’ holdings in Noble Energy were worth $1,899,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in NBL. Huntington National Bank lifted its holdings in Noble Energy by 59.2% in the 4th quarter. Huntington National Bank now owns 1,430 shares of the oil and gas development company’s stock valued at $27,000 after acquiring an additional 532 shares during the last quarter. Pearl River Capital LLC bought a new stake in Noble Energy in the 4th quarter valued at $30,000. Moody National Bank Trust Division bought a new stake in Noble Energy in the 1st quarter valued at $31,000. Rational Advisors LLC boosted its stake in Noble Energy by 2,271.8% in the 4th quarter. Rational Advisors LLC now owns 1,684 shares of the oil and gas development company’s stock valued at $32,000 after purchasing an additional 1,613 shares during the period. Finally, Ayalon Holdings Ltd. bought a new stake in Noble Energy in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 97.81% of the company’s stock.
NYSE:NBL traded up $0.52 during trading hours on Wednesday, hitting $27.62. 2,374,588 shares of the company’s stock traded hands, compared to its average volume of 5,485,213. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 30.69 and a beta of 1.35. Noble Energy, Inc. has a 52 week low of $17.11 and a 52 week high of $37.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.
Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Tuesday, February 19th. The oil and gas development company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.14 billion. Noble Energy had a positive return on equity of 3.93% and a negative net margin of 1.32%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. Equities analysts forecast that Noble Energy, Inc. will post 0.29 earnings per share for the current fiscal year.
In other Noble Energy news, Director James E. Craddock sold 9,000 shares of Noble Energy stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $23.62, for a total transaction of $212,580.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kenneth M. Fisher sold 16,564 shares of Noble Energy stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $22.89, for a total value of $379,149.96. Following the sale, the chief financial officer now directly owns 215,854 shares of the company’s stock, valued at approximately $4,940,898.06. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by company insiders.
Several analysts recently issued reports on NBL shares. Capital One Financial upgraded Noble Energy from an “underweight” rating to an “equal weight” rating and set a $18.17 price target for the company in a research note on Monday, December 24th. Morgan Stanley upgraded Noble Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $37.00 to $33.00 in a research report on Wednesday, January 9th. Barclays set a $27.00 target price on Noble Energy and gave the company a “sell” rating in a research report on Wednesday, January 16th. Raymond James set a $32.00 target price on Noble Energy and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, UBS Group set a $34.00 price target on Noble Energy and gave the stock a “buy” rating in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Noble Energy presently has an average rating of “Buy” and an average price target of $38.92.
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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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