Franklin Resources Inc. grew its holdings in Noble Energy Inc. (NYSE:NBL) by 4.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,020,313 shares of the oil and gas development company’s stock after purchasing an additional 80,780 shares during the period. Franklin Resources Inc. owned about 0.42% of Noble Energy worth $57,175,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp raised its holdings 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 valued at $100,000 after purchasing an additional 153 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Noble Energy in the first quarter valued at approximately $136,000. Global X Management Co. LLC raised its holdings 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 valued at $196,000 after purchasing an additional 1,319 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Noble Energy in the first quarter valued at approximately $201,000. Finally, Blair William & Co. IL raised its holdings 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 valued at $206,000 after purchasing an additional 524 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.
Shares of Noble Energy Inc. (NBL) opened at 25.97 on Friday. The stock has a 50 day moving average of $25.11 and a 200-day moving average of $29.91. The company’s market cap is $12.26 billion. Noble Energy Inc. has a 12 month low of $22.99 and a 12 month high of $42.03.
Noble Energy (NYSE:NBL) last announced 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 consensus estimate of ($0.13) by $0.18. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted ($0.24) EPS. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities analysts forecast that Noble Energy Inc. will post ($0.14) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, August 3rd. Noble Energy’s dividend payout ratio (DPR) is currently -9.90%.
A number of equities analysts recently weighed in on the stock. Scotiabank restated a “hold” rating and set a $38.00 target price on shares of Noble Energy in a report on Friday, June 30th. Piper Jaffray Companies restated a “buy” rating and set a $47.00 target price on shares of Noble Energy in a report on Tuesday, May 23rd. Citigroup Inc. lowered their target price on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Stifel Nicolaus restated a “buy” rating and set a $43.00 target price on shares of Noble Energy in a report on Friday, May 26th. Finally, Tudor Pickering upgraded shares of Noble Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.11.
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Noble Energy 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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