Oppenheimer Asset Management Inc. lifted its stake in shares of Noble Energy Inc. (NYSE:NBL) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,454 shares of the oil and gas development company’s stock after acquiring an additional 4,673 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Noble Energy were worth $1,088,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of NBL. Russell Investments Group Ltd. increased its position in shares of Noble Energy by 7.4% during the first quarter. Russell Investments Group Ltd. now owns 141,546 shares of the oil and gas development company’s stock worth $4,861,000 after acquiring an additional 9,699 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Noble Energy during the first quarter worth $361,000. First Trust Advisors LP increased its position in shares of Noble Energy by 10.6% during the first quarter. First Trust Advisors LP now owns 412,830 shares of the oil and gas development company’s stock worth $14,177,000 after acquiring an additional 39,644 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Noble Energy by 16.7% during the first quarter. Daiwa Securities Group Inc. now owns 16,800 shares of the oil and gas development company’s stock worth $577,000 after acquiring an additional 2,404 shares in the last quarter. Finally, Capital Fund Management S.A. increased its position in shares of Noble Energy by 920.9% during the first quarter. Capital Fund Management S.A. now owns 47,614 shares of the oil and gas development company’s stock worth $1,635,000 after acquiring an additional 53,414 shares in the last quarter. 91.83% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. Bank of America Corporation assumed coverage on shares of Noble Energy in a research report on Tuesday, May 23rd. They set a “buy” rating and a $49.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price objective on shares of Noble Energy in a research report on Friday, May 26th. ValuEngine downgraded shares of Noble Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Barclays PLC raised their target price on shares of Noble Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Noble Energy in a research report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $41.11.
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Noble Energy Inc. (NBL) opened at 24.62 on Monday. Noble Energy Inc. has a 12-month low of $22.99 and a 12-month high of $42.03. The company’s market capitalization is $11.62 billion. The firm has a 50-day moving average of $25.46 and a 200 day moving average of $30.24.
Noble Energy (NYSE:NBL) last announced its quarterly earnings results 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. 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 period in the prior year, the firm posted ($0.24) earnings per share. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. Analysts expect that Noble Energy Inc. will post ($0.15) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, August 3rd. Noble Energy’s payout ratio is -9.90%.
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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