Hosking Partners LLP lifted its holdings in Noble Corporation PLC (NYSE:NE – Free Report) by 10.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,140,328 shares of the company’s stock after acquiring an additional 103,477 shares during the quarter. Hosking Partners LLP’s holdings in Noble were worth $32,203,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westside Investment Management Inc. boosted its stake in shares of Noble by 156.4% in the 3rd quarter. Westside Investment Management Inc. now owns 864 shares of the company’s stock worth $25,000 after buying an additional 527 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Noble by 77.8% in the 4th quarter. GAMMA Investing LLC now owns 1,440 shares of the company’s stock worth $41,000 after buying an additional 630 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Noble by 819.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,601 shares of the company’s stock worth $69,000 after buying an additional 2,318 shares during the last quarter. Strs Ohio purchased a new position in shares of Noble in the 1st quarter worth approximately $142,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Noble in the 3rd quarter worth approximately $343,000. Hedge funds and other institutional investors own 68.14% of the company’s stock.
Noble Trading Up 0.4%
Shares of NE stock opened at $50.35 on Monday. The company’s fifty day simple moving average is $48.04 and its two-hundred day simple moving average is $38.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. Noble Corporation PLC has a 1 year low of $22.37 and a 1 year high of $54.57. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 35.21 and a beta of 0.94.
Noble Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.00 annualized dividend and a dividend yield of 4.0%. Noble’s dividend payout ratio is presently 139.86%.
Trending Headlines about Noble
Here are the key news stories impacting Noble this week:
- Positive Sentiment: Barclays upgraded Noble Corporation PLC (NE) from “equal weight” to “overweight” and lifted its price target to $56 from $50, signaling increased confidence in the company’s upside potential. Barclays upgrades Noble (NE)
- Positive Sentiment: Shareholders backed Noble’s board and governance framework, which may reduce uncertainty around corporate oversight and support management stability. Noble Corporation Shareholders Back Board, Governance Framework
- Neutral Sentiment: The company also reported that a special shareholder meeting approved an arrangement and reduction of stated capital, alongside agreements with marketing consultants; this is more of a corporate action update than a direct operating driver. Noble Announces Results of the Special Meeting of Shareholders and Agreements with Marketing Consultants
- Neutral Sentiment: Two senior vice presidents sold shares this week, which may weigh on sentiment slightly, but insider sales do not necessarily indicate a change in business fundamentals. Noble (NYSE:NE) SVP Sells $1,479,300.00 in Stock
- Negative Sentiment: SVP Blake Denton sold 30,000 shares, and SVP Joey M. Kawaja sold 40,000 shares, adding a modest headwind to investor sentiment as the stock trades near its recent highs. Noble (NYSE:NE) SVP Sells $1,479,300.00 in Stock
Analyst Upgrades and Downgrades
Several research firms recently commented on NE. Fearnley Fonds downgraded Noble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. upped their price objective on Noble from $33.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Evercore set a $59.00 price objective on Noble in a research note on Monday, April 27th. SEB Equity Research set a $33.00 price objective on Noble in a research note on Tuesday, January 27th. Finally, Barclays upgraded Noble from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $50.00 to $56.00 in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Noble presently has a consensus rating of “Hold” and an average target price of $45.38.
View Our Latest Research Report on Noble
Insider Transactions at Noble
In other news, SVP Caroline Alting sold 15,340 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $52.75, for a total value of $809,185.00. Following the transaction, the senior vice president owned 8,170 shares of the company’s stock, valued at approximately $430,967.50. This represents a 65.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard B. Barker sold 150,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $46.63, for a total transaction of $6,994,500.00. Following the completion of the transaction, the chief financial officer directly owned 164,781 shares in the company, valued at approximately $7,683,738.03. The trade was a 47.65% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 416,631 shares of company stock valued at $19,477,224. Corporate insiders own 1.50% of the company’s stock.
Noble Profile
Noble (NYSE: NE) is an offshore drilling company that provides drilling services to the global oil and gas industry. The firm operates a fleet of mobile offshore drilling units and delivers contract drilling solutions for exploration and production activities. Its core business centers on executing drilling programs for upstream energy companies across a range of water depths and operating environments.
Products and services include the operation and management of offshore drilling rigs — such as drillships, semisubmersibles and jackups — along with associated technical, engineering and project management services.
Further Reading
- Five stocks we like better than Noble
- Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum
- Quantum Earnings Season Is Ramping Up—What to Watch From 2 Major Players
- Flutter Sees Post-Earnings Boost as FanDuel Shows Signs of Recovery
- 3 Healthcare Stocks Set to Benefit From the One Big Beautiful Bill
Want to see what other hedge funds are holding NE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Corporation PLC (NYSE:NE – Free Report).
Receive News & Ratings for Noble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble and related companies with MarketBeat.com's FREE daily email newsletter.
