Raymond James Financial Services Advisors Inc. increased its stake in Noble Energy Inc. (NYSE:NBL) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,842 shares of the oil and gas development company’s stock after buying an additional 203 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Noble Energy were worth $304,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Noble Energy during the fourth quarter valued at $116,738,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Noble Energy during the fourth quarter valued at $47,272,000. Franklin Resources Inc. raised its stake in shares of Noble Energy by 69.1% in the fourth quarter. Franklin Resources Inc. now owns 1,871,389 shares of the oil and gas development company’s stock valued at $71,225,000 after buying an additional 764,415 shares in the last quarter. Levin Capital Strategies L.P. bought a new stake in shares of Noble Energy during the first quarter valued at $20,655,000. Finally, Sei Investments Co. raised its stake in shares of Noble Energy by 29.1% in the first quarter. Sei Investments Co. now owns 1,522,157 shares of the oil and gas development company’s stock valued at $52,271,000 after buying an additional 342,727 shares in the last quarter. 97.42% of the stock is currently owned by hedge funds and other institutional investors.
Noble Energy Inc. (NYSE NBL) opened at 29.20 on Tuesday. The firm’s market cap is $12.59 billion. The company has a 50 day moving average price of $30.20 and a 200-day moving average price of $35.28. Noble Energy Inc. has a 52-week low of $27.92 and a 52-week high of $42.03.
Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Monday, May 1st. The oil and gas development company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. Noble Energy had a negative return on equity of 0.44% and a negative net margin of 17.75%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $974.54 million. During the same period in the prior year, the firm posted ($0.53) earnings per share. The business’s quarterly revenue was up 43.1% compared to the same quarter last year. Equities research analysts anticipate that Noble Energy Inc. will post ($0.01) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 8th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.40 annualized dividend and a yield of 1.37%. Noble Energy’s dividend payout ratio (DPR) is presently -25.48%.
NBL has been the topic of several analyst reports. Barclays PLC reaffirmed an “overweight” rating and issued a $41.00 target price (down from $46.00) on shares of Noble Energy in a research report on Saturday, April 22nd. Scotiabank set a $38.00 target price on Noble Energy and gave the stock a “hold” rating in a research report on Monday, March 27th. KLR Group reaffirmed a “buy” rating on shares of Noble Energy in a research report on Monday, March 13th. Bank of America Corporation raised Noble Energy from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $53.00 to $49.00 in a research report on Thursday, May 11th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $44.00 target price on shares of Noble Energy in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.53.
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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