Aperio Group LLC raised its position in shares of Noble Energy Inc. (NYSE:NBL) by 12.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,985 shares of the oil and gas development company’s stock after buying an additional 19,013 shares during the period. Aperio Group LLC’s holdings in Noble Energy were worth $4,811,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp raised its stake in Noble Energy by 5.5% in the first quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock valued at $100,000 after buying an additional 153 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Noble Energy during the first quarter worth approximately $136,000. Global X Management Co. LLC increased its position in shares of Noble Energy by 30.1% in the first quarter. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company’s stock worth $196,000 after buying an additional 1,319 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of Noble Energy during the first quarter worth approximately $201,000. Finally, Blair William & Co. IL increased its position in shares of Noble Energy by 9.7% in the first quarter. Blair William & Co. IL now owns 5,913 shares of the oil and gas development company’s stock worth $206,000 after buying an additional 524 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.
Noble Energy Inc. (NBL) traded up 2.74% during trading on Friday, hitting $23.65. The company had a trading volume of 6,508,049 shares. The stock has a 50-day moving average of $27.13 and a 200 day moving average of $31.71. The company’s market capitalization is $11.16 billion. Noble Energy Inc. has a one year low of $23.01 and a one year high of $42.03.
Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.18. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The firm’s revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.24) EPS. Equities analysts forecast that Noble Energy Inc. will post ($0.13) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, August 3rd. Noble Energy’s dividend payout ratio is presently -9.90%.
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NBL has been the subject of a number of recent research reports. Bank of America Corporation upgraded Noble Energy from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $53.00 to $49.00 in a research note on Thursday, May 11th. Jefferies Group LLC set a $40.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Credit Suisse Group reissued a “buy” rating and issued a $44.00 price target on shares of Noble Energy in a research note on Thursday, April 27th. Royal Bank Of Canada restated a “buy” rating and issued a $48.00 price objective on shares of Noble Energy in a report on Tuesday, April 25th. Finally, Cowen and Company set a $45.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $41.48.
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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