Cwm LLC boosted its position in Noble Energy, Inc. (NYSE:NBL) by 26.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 394,049 shares of the oil and gas development company’s stock after purchasing an additional 82,951 shares during the period. Cwm LLC owned about 0.08% of Noble Energy worth $12,290,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Amalgamated Bank lifted its stake in Noble Energy by 3.4% in the second quarter. Amalgamated Bank now owns 58,051 shares of the oil and gas development company’s stock valued at $2,048,000 after purchasing an additional 1,897 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Noble Energy by 1.3% in the third quarter. Nisa Investment Advisors LLC now owns 152,805 shares of the oil and gas development company’s stock valued at $4,766,000 after purchasing an additional 1,915 shares during the last quarter. Glen Harbor Capital Management LLC lifted its stake in Noble Energy by 5.9% in the second quarter. Glen Harbor Capital Management LLC now owns 36,176 shares of the oil and gas development company’s stock valued at $1,276,000 after purchasing an additional 2,006 shares during the last quarter. Penn Davis Mcfarland Inc. lifted its stake in Noble Energy by 0.7% in the second quarter. Penn Davis Mcfarland Inc. now owns 285,447 shares of the oil and gas development company’s stock valued at $10,071,000 after purchasing an additional 2,025 shares during the last quarter. Finally, Whittier Trust Co. purchased a new position in Noble Energy in the second quarter valued at approximately $163,000. Institutional investors and hedge funds own 97.32% of the company’s stock.
Several equities analysts recently commented on the company. Morgan Stanley set a $38.00 price objective on Noble Energy and gave the company a “hold” rating in a research note on Friday, October 12th. Oppenheimer assumed coverage on Noble Energy in a research note on Wednesday, October 3rd. They issued a “market perform” rating and a $43.00 price objective on the stock. Piper Jaffray Companies reissued an “overweight” rating on shares of Noble Energy in a report on Friday, September 28th. Barclays assumed coverage on shares of Noble Energy in a report on Wednesday, August 29th. They set an “underweight” rating and a $33.00 target price on the stock. Finally, KLR Group reissued a “buy” rating and set a $61.00 target price on shares of Noble Energy in a report on Monday, August 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $41.88.
Noble Energy stock opened at $24.25 on Tuesday. The firm has a market capitalization of $12.40 billion, a PE ratio of 78.23, a PEG ratio of 2.71 and a beta of 0.96. Noble Energy, Inc. has a fifty-two week low of $23.83 and a fifty-two week high of $37.76. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58.
Noble Energy (NYSE:NBL) last released its quarterly earnings results on Friday, August 3rd. The oil and gas development company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. Noble Energy had a return on equity of 2.89% and a net margin of 19.01%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. As a group, sell-side analysts anticipate that Noble Energy, Inc. will post 0.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 5th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.81%. Noble Energy’s payout ratio is currently 141.94%.
About Noble Energy
Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.
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