Mutual of America Capital Management LLC increased its position in Noble Energy, Inc. (NYSE:NBL) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,826 shares of the oil and gas development company’s stock after buying an additional 730 shares during the period. Mutual of America Capital Management LLC’s holdings in Noble Energy were worth $3,874,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. Shell Asset Management Co. boosted its position in shares of Noble Energy by 1.9% in the third quarter. Shell Asset Management Co. now owns 34,730 shares of the oil and gas development company’s stock worth $1,241,000 after buying an additional 648 shares during the period. Renaissance Technologies LLC boosted its position in shares of Noble Energy by 26.6% in the fourth quarter. Renaissance Technologies LLC now owns 298,077 shares of the oil and gas development company’s stock worth $11,345,000 after buying an additional 62,600 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Noble Energy during the fourth quarter worth approximately $5,045,000. AQR Capital Management LLC boosted its position in shares of Noble Energy by 7.7% in the fourth quarter. AQR Capital Management LLC now owns 11,471 shares of the oil and gas development company’s stock worth $437,000 after buying an additional 821 shares during the period. Finally, Becker Capital Management Inc. boosted its position in shares of Noble Energy by 8.3% in the fourth quarter. Becker Capital Management Inc. now owns 394,710 shares of the oil and gas development company’s stock worth $15,023,000 after buying an additional 30,220 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.
Noble Energy, Inc. (NYSE:NBL) traded up 1.69% during midday trading on Friday, reaching $31.24. The company’s stock had a trading volume of 7,152,661 shares. The company’s market cap is $13.46 billion. The firm has a 50 day moving average price of $33.09 and a 200-day moving average price of $36.35. Noble Energy, Inc. has a 12-month low of $29.39 and a 12-month high of $42.03.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, May 1st. The oil and gas development company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Noble Energy had a negative return on equity of 2.51% and a negative net margin of 28.59%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $974.54 million. During the same period in the prior year, the firm posted ($0.53) earnings per share. The firm’s quarterly revenue was up 43.1% on a year-over-year basis. On average, equities research analysts predict that Noble Energy, Inc. will post $0.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 22nd. Investors of record on Monday, May 8th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, May 4th. Noble Energy’s dividend payout ratio is presently -17.24%.
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A number of equities analysts have commented on NBL shares. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $46.00 price target on shares of Noble Energy in a research note on Wednesday, February 15th. Scotiabank set a $38.00 price target on Noble Energy and gave the stock a “hold” rating in a research note on Monday, March 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 price target on shares of Noble Energy in a research note on Friday, March 3rd. Wunderlich reaffirmed a “buy” rating on shares of Noble Energy in a research note on Thursday, January 19th. Finally, Barclays PLC decreased their price target on Noble Energy from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, January 23rd. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $44.55.
In related news, Director Jeffrey L. Berenson sold 23,000 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $34.27, for a total value of $788,210.00. Following the transaction, the director now directly owns 51,803 shares in the company, valued at $1,775,288.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.17% of the company’s stock.
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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