Alliancebernstein L.P. raised its holdings in Noble Energy Inc. (NYSE:NBL) by 31.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,179,071 shares of the oil and gas development company’s stock after purchasing an additional 759,667 shares during the period. Alliancebernstein L.P. owned about 0.65% of Noble Energy worth $89,968,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp grew its holdings in Noble Energy by 5.5% in the first quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock valued at $100,000 after purchasing an additional 153 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Noble Energy in the first quarter valued at approximately $136,000. Global X Management Co. LLC grew its holdings in Noble Energy by 30.1% in the first quarter. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company’s stock valued at $196,000 after purchasing an additional 1,319 shares during the period. Highbridge Capital Management LLC acquired a new stake in Noble Energy in the first quarter valued at approximately $201,000. Finally, Blair William & Co. IL grew its holdings in Noble Energy by 9.7% in the first quarter. Blair William & Co. IL now owns 5,913 shares of the oil and gas development company’s stock valued at $206,000 after purchasing an additional 524 shares during the period. 91.83% of the stock is currently owned by institutional investors.
Several analysts have commented on the company. Scotiabank reissued a “hold” rating and issued a $38.00 price objective on shares of Noble Energy in a report on Friday, June 30th. Piper Jaffray Companies reissued a “buy” rating and issued a $47.00 price objective on shares of Noble Energy in a report on Tuesday, May 23rd. Citigroup Inc. dropped their price objective on Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and issued a $43.00 price objective on shares of Noble Energy in a report on Friday, May 26th. Finally, Tudor Pickering raised Noble Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $41.11.
Noble Energy Inc. (NYSE:NBL) opened at 25.04 on Tuesday. Noble Energy Inc. has a 12 month low of $22.99 and a 12 month high of $42.03. The stock’s market cap is $11.82 billion. The company’s 50-day moving average price is $25.37 and its 200-day moving average price is $30.09.
Noble Energy (NYSE:NBL) last announced its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.18. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. Noble Energy’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) EPS. Equities analysts forecast that Noble Energy Inc. will post ($0.15) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, August 3rd. Noble Energy’s dividend payout ratio (DPR) is -9.90%.
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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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