Toronto Dominion Bank grew its position in shares of Noble Energy, Inc. (NYSE:NBL) by 18.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 313,968 shares of the oil and gas development company’s stock after acquiring an additional 47,995 shares during the quarter. Toronto Dominion Bank’s holdings in Noble Energy were worth $7,762,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc lifted its holdings in Noble Energy by 5.8% in the fourth quarter. Legal & General Group Plc now owns 2,442,745 shares of the oil and gas development company’s stock worth $45,787,000 after purchasing an additional 134,069 shares during the period. Gotham Asset Management LLC acquired a new stake in Noble Energy in the fourth quarter worth about $297,000. RNC Capital Management LLC lifted its holdings in Noble Energy by 73.1% in the 1st quarter. RNC Capital Management LLC now owns 179,898 shares of the oil and gas development company’s stock valued at $4,449,000 after acquiring an additional 75,975 shares during the last quarter. Guinness Asset Management Ltd lifted its holdings in Noble Energy by 15.5% in the 4th quarter. Guinness Asset Management Ltd now owns 373,525 shares of the oil and gas development company’s stock valued at $7,007,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Advisor Partners LLC acquired a new stake in Noble Energy in the 1st quarter valued at about $271,000. 98.57% of the stock is owned by institutional investors.
A number of brokerages have weighed in on NBL. UBS Group set a $34.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Thursday, May 16th. TD Securities cut their price target on shares of Noble Energy from $33.00 to $32.00 and set a “buy” rating for the company in a report on Monday, May 6th. JPMorgan Chase & Co. raised shares of Noble Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $28.00 to $32.00 in a report on Monday, April 29th. ValuEngine downgraded shares of Noble Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Finally, Raymond James set a $32.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Noble Energy presently has an average rating of “Buy” and a consensus price target of $37.71.
Shares of NBL traded up $0.50 during trading hours on Tuesday, reaching $24.54. The company’s stock had a trading volume of 846,221 shares, compared to its average volume of 6,005,010. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 27.26 and a beta of 1.38. Noble Energy, Inc. has a 1-year low of $17.11 and a 1-year high of $37.76. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.64.
Noble Energy (NYSE:NBL) last issued its earnings results on Friday, May 3rd. The oil and gas development company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. Noble Energy had a negative net margin of 19.63% and a positive return on equity of 2.05%. Noble Energy’s revenue for the quarter was down 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. Equities research analysts expect that Noble Energy, Inc. will post 0.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were issued a $0.12 dividend. This is an increase from Noble Energy’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, May 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.96%. Noble Energy’s dividend payout ratio is currently 53.33%.
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Noble Energy Company Profile
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. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.
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