Blue Sky Asset Management LLC acquired a new position in shares of Noble Energy Inc. (NYSE:NBL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 30,360 shares of the oil and gas development company’s stock, valued at approximately $859,000.
Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of 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 worth $100,000 after buying an additional 153 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Noble Energy during the first quarter worth about $132,000. Harbour Capital Advisors LLC acquired a new position in shares of Noble Energy during the first quarter worth about $136,000. Global X Management Co. LLC boosted 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. Finally, Highbridge Capital Management LLC acquired a new position in shares of Noble Energy during the first quarter worth about $201,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Noble Energy Inc. (NYSE:NBL) traded up 2.74% during midday trading on Friday, reaching $23.65. 6,508,049 shares of the company’s stock traded hands. Noble Energy Inc. has a 52-week low of $23.01 and a 52-week high of $42.03. The firm’s market cap is $11.16 billion. The company has a 50 day moving average of $27.13 and a 200 day moving average of $31.71.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.18. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted ($0.24) earnings per share. The business’s revenue was up 25.0% on a year-over-year basis. On average, equities analysts predict that Noble Energy Inc. will post ($0.13) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.40 annualized dividend and a yield of 1.69%. Noble Energy’s payout ratio is -9.90%.
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NBL has been the topic of several analyst reports. Bank of America Corporation initiated coverage on shares of Noble Energy in a report on Tuesday, May 23rd. They issued a “buy” rating and a $49.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price on shares of Noble Energy in a report on Friday, May 26th. ValuEngine lowered shares of Noble Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Barclays PLC increased their target price on shares of Noble Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. Finally, Scotiabank reiterated a “hold” rating and issued a $38.00 target price on shares of Noble Energy in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $41.48.
Noble Energy Company Profile
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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