Guggenheim Capital LLC raised its position in Noble Energy, Inc. (NYSE:NBL) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,478,202 shares of the oil and gas development company’s stock after purchasing an additional 28,550 shares during the period. Guggenheim Capital LLC owned 0.30% of Noble Energy worth $43,074,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Shell Asset Management Co. boosted its holdings in Noble Energy by 113.7% in the 4th quarter. Shell Asset Management Co. now owns 119,793 shares of the oil and gas development company’s stock valued at $3,491,000 after purchasing an additional 63,737 shares during the period. Greenwood Capital Associates LLC boosted its holdings in Noble Energy by 49.7% in the 4th quarter. Greenwood Capital Associates LLC now owns 11,341 shares of the oil and gas development company’s stock valued at $330,000 after purchasing an additional 3,766 shares during the period. Vident Investment Advisory LLC bought a new position in Noble Energy in the 3rd quarter valued at $361,000. Retirement Systems of Alabama boosted its holdings in Noble Energy by 7.0% in the 3rd quarter. Retirement Systems of Alabama now owns 236,050 shares of the oil and gas development company’s stock valued at $6,694,000 after purchasing an additional 15,349 shares during the period. Finally, Jane Street Group LLC bought a new position in Noble Energy in the 3rd quarter valued at $2,500,000. 95.71% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on NBL shares. Morgan Stanley raised their price target on shares of Noble Energy from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Mizuho set a $43.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. downgraded shares of Noble Energy from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Friday, December 15th. Credit Suisse Group started coverage on shares of Noble Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Wolfe Research downgraded shares of Noble Energy from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the stock. Noble Energy currently has an average rating of “Buy” and an average target price of $40.52.
In other Noble Energy news, CEO David L. Stover bought 19,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average price of $26.31 per share, for a total transaction of $499,890.00. Following the transaction, the chief executive officer now directly owns 727,254 shares in the company, valued at $19,134,052.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Craddock sold 8,500 shares of Noble Energy stock in a transaction on Friday, March 9th. The stock was sold at an average price of $31.35, for a total transaction of $266,475.00. Following the completion of the transaction, the director now owns 93,413 shares in the company, valued at approximately $2,928,497.55. The disclosure for this sale can be found here. 1.96% of the stock is owned by company insiders.
Shares of Noble Energy, Inc. (NYSE NBL) opened at $29.40 on Friday. Noble Energy, Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $35.74. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64. The stock has a market cap of $14,435.99, a price-to-earnings ratio of -12.30 and a beta of 1.10.
Noble Energy (NYSE:NBL) last issued its earnings results on Tuesday, February 20th. The oil and gas development company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.28. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Noble Energy had a negative net margin of 26.27% and a positive return on equity of 1.46%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. research analysts predict that Noble Energy, Inc. will post 0.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, February 9th. Noble Energy’s payout ratio is presently -16.74%.
Noble Energy declared that its Board of Directors has approved a share repurchase program on Thursday, February 15th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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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