Cleararc Capital Inc. raised its stake in shares of Noble Energy Inc. (NYSE:NBL) by 2.2% during the first quarter, Holdings Channel reports. The institutional investor owned 10,641 shares of the oil and gas development company’s stock after buying an additional 233 shares during the period. Cleararc Capital Inc.’s holdings in Noble Energy were worth $365,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of NBL. Cambiar Investors LLC raised its position in shares of Noble Energy by 2.8% in the first quarter. Cambiar Investors LLC now owns 1,209,445 shares of the oil and gas development company’s stock valued at $41,532,000 after buying an additional 32,437 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of Noble Energy by 3.6% in the first quarter. Retirement Systems of Alabama now owns 210,503 shares of the oil and gas development company’s stock valued at $7,229,000 after buying an additional 7,317 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Noble Energy by 86.0% in the first quarter. ProShare Advisors LLC now owns 132,825 shares of the oil and gas development company’s stock valued at $4,561,000 after buying an additional 61,415 shares in the last quarter. Bridgewater Associates LP raised its position in shares of Noble Energy by 1.3% in the first quarter. Bridgewater Associates LP now owns 107,164 shares of the oil and gas development company’s stock valued at $3,680,000 after buying an additional 1,402 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Noble Energy by 26.6% in the fourth quarter. Renaissance Technologies LLC now owns 298,077 shares of the oil and gas development company’s stock valued at $11,345,000 after buying an additional 62,600 shares in the last quarter. Institutional investors and hedge funds own 97.42% of the company’s stock.
Shares of Noble Energy Inc. (NYSE NBL) traded down 2.47% during mid-day trading on Tuesday, hitting $28.48. The stock had a trading volume of 2,943,448 shares. Noble Energy Inc. has a 12 month low of $27.92 and a 12 month high of $42.03. The firm has a 50 day moving average price of $30.20 and a 200-day moving average price of $35.28. The stock’s market cap is $12.27 billion.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, May 1st. The oil and gas development company reported ($0.05) earnings per share for the quarter, topping 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $974.54 million. During the same quarter last year, the business posted ($0.53) EPS. The business’s revenue was up 43.1% on a year-over-year basis. On average, equities research analysts forecast that Noble Energy Inc. will post ($0.01) EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Monday, May 8th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, May 4th. Noble Energy’s dividend payout ratio is currently -25.48%.
NBL has been the subject of a number of recent research reports. Scotiabank set a $38.00 price target on Noble Energy and gave the stock a “hold” rating in a research report on Monday, March 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 price target on shares of Noble Energy in a research report on Friday, March 3rd. BidaskClub raised Noble Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $47.00 price target on shares of Noble Energy in a research report on Monday, May 8th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $40.00 price target on shares of Noble Energy in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Noble Energy presently has a consensus rating of “Buy” and an average target price of $44.53.
About Noble Energy
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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