Riverhead Capital Management LLC grew its stake in shares of Noble Energy, Inc. (NYSE:NBL) by 25.6% during the first quarter, Holdings Channel reports. The fund owned 82,129 shares of the oil and gas development company’s stock after buying an additional 16,750 shares during the quarter. Riverhead Capital Management LLC’s holdings in Noble Energy were worth $2,031,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in NBL. BlackRock Inc. boosted its holdings in shares of Noble Energy by 0.3% in the first quarter. BlackRock Inc. now owns 33,299,281 shares of the oil and gas development company’s stock worth $823,491,000 after buying an additional 103,574 shares during the last quarter. Boston Partners boosted its holdings in shares of Noble Energy by 53.6% in the first quarter. Boston Partners now owns 22,144,841 shares of the oil and gas development company’s stock worth $547,642,000 after buying an additional 7,725,241 shares during the last quarter. FMR LLC boosted its holdings in shares of Noble Energy by 15.7% in the fourth quarter. FMR LLC now owns 18,352,750 shares of the oil and gas development company’s stock worth $344,298,000 after buying an additional 2,491,587 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Noble Energy by 7.7% in the fourth quarter. American Century Companies Inc. now owns 9,609,157 shares of the oil and gas development company’s stock worth $180,268,000 after buying an additional 686,182 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Noble Energy by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,173,152 shares of the oil and gas development company’s stock worth $115,802,000 after buying an additional 528,212 shares during the last quarter. 99.09% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Barclays raised shares of Noble Energy from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $26.00 to $33.00 in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised shares of Noble Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $28.00 to $32.00 in a report on Monday, April 29th. ValuEngine raised shares of Noble Energy from a “sell” rating to a “hold” rating in a report on Monday, April 1st. TD Securities dropped their price objective on shares of Noble Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Finally, Mitsubishi UFJ Financial Group dropped their price objective on shares of Noble Energy to $34.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have given a buy rating to the stock. Noble Energy presently has a consensus rating of “Buy” and an average target price of $38.48.
NYSE NBL opened at $19.73 on Friday. Noble Energy, Inc. has a 12 month low of $17.11 and a 12 month high of $37.76. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 81.23 and a beta of 1.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66.
Noble Energy (NYSE:NBL) last released its earnings results on Friday, May 3rd. The oil and gas development company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Noble Energy had a positive return on equity of 2.05% and a negative net margin of 19.63%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the business posted $0.35 EPS. Noble Energy’s revenue was down 18.2% on a year-over-year basis. As a group, analysts expect that Noble Energy, Inc. will post 0.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were paid a dividend of $0.12 per share. This is a boost from Noble Energy’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 2.43%. Noble Energy’s dividend payout ratio (DPR) is presently 53.33%.
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Noble Energy 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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