Hosking Partners LLP Has $32.20 Million Stake in Noble Corporation PLC $NE

Hosking Partners LLP lifted its holdings in Noble Corporation PLC (NYSE:NEFree 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 (NYSE:NEGet Free Report) last issued its earnings results on Monday, April 27th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Noble had a net margin of 7.17% and a return on equity of 2.32%. The business had revenue of $785.69 million for the quarter, compared to analysts’ expectations of $730.47 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, analysts anticipate that Noble Corporation PLC will post 0.93 earnings per share for the current year.

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:

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

(Free Report)

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

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Institutional Ownership by Quarter for Noble (NYSE:NE)

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