Panagora Asset Management Inc. boosted its stake in Noble Energy, Inc. (NYSE:NBL) by 5.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,779 shares of the oil and gas development company’s stock after buying an additional 2,691 shares during the period. Panagora Asset Management Inc.’s holdings in Noble Energy were worth $1,093,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Frontier Capital Management Co. LLC acquired a new position in shares of Noble Energy in the first quarter worth about $46,274,000. Dimensional Fund Advisors LP lifted its stake 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. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Noble Energy by 637.3% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 570,943 shares of the oil and gas development company’s stock worth $14,119,000 after buying an additional 493,511 shares during the last quarter. DNB Asset Management AS lifted its stake in shares of Noble Energy by 31.4% in the second 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 during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Noble Energy by 26.2% in the first quarter. Wells Fargo & Company MN now owns 2,116,342 shares of the oil and gas development company’s stock worth $52,337,000 after buying an additional 439,176 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.
NBL has been the subject of a number of analyst reports. KeyCorp initiated coverage on shares of Noble Energy in a research note on Wednesday, July 31st. They issued a “sector weight” rating for the company. UBS Group set a $34.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research note on Thursday, May 16th. Wells Fargo & Co boosted their price objective on shares of Noble Energy from $26.00 to $28.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Oppenheimer upgraded 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. Finally, ValuEngine upgraded shares of Noble Energy from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.21.
NYSE:NBL traded up $0.03 during trading hours on Thursday, hitting $24.71. 149,509 shares of the company traded hands, compared to its average volume of 5,672,022. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 27.57 and a beta of 1.36. Noble Energy, Inc. has a twelve month low of $17.11 and a twelve month high of $32.73. The firm has a 50-day moving average of $22.01 and a 200 day moving average of $22.99. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.68.
Noble Energy (NYSE:NBL) last released its earnings results on Friday, August 2nd. The oil and gas development company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Noble Energy had a negative net margin of 19.93% and a positive return on equity of 0.87%. During the same period in the prior year, the company earned $0.17 EPS. Equities research analysts predict that Noble Energy, Inc. will post -0.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, August 2nd. Noble Energy’s payout ratio is currently 53.33%.
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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