Mutual of America Capital Management LLC increased its position in Noble Energy, Inc. (NYSE:NBL) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,826 shares of the oil and gas development company’s stock after buying an additional 730 shares during the period. Mutual of America Capital Management LLC’s holdings in Noble Energy were worth $3,874,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of NBL. Shell Asset Management Co. boosted its stake in shares of Noble Energy by 1.9% in the third quarter. Shell Asset Management Co. now owns 34,730 shares of the oil and gas development company’s stock worth $1,241,000 after buying an additional 648 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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 worth $11,345,000 after buying an additional 62,600 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Noble Energy during the fourth quarter worth approximately $5,045,000. AQR Capital Management LLC boosted its stake in shares of Noble Energy by 7.7% in the fourth quarter. AQR Capital Management LLC now owns 11,471 shares of the oil and gas development company’s stock worth $437,000 after buying an additional 821 shares during the last quarter. Finally, Becker Capital Management Inc. boosted its stake in shares of Noble Energy by 8.3% in the fourth quarter. Becker Capital Management Inc. now owns 394,710 shares of the oil and gas development company’s stock worth $15,023,000 after buying an additional 30,220 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.
Shares of Noble Energy, Inc. (NYSE:NBL) traded up 1.69% during mid-day trading on Friday, reaching $31.24. The company’s stock had a trading volume of 7,152,661 shares. Noble Energy, Inc. has a 52 week low of $29.39 and a 52 week high of $42.03. The stock’s market capitalization is $13.46 billion. The company’s 50-day moving average is $33.09 and its 200-day moving average is $36.35.
Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Monday, May 1st. The oil and gas development company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $974.54 million. Noble Energy had a negative return on equity of 2.51% and a negative net margin of 28.59%. The business’s quarterly revenue was up 43.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.53) EPS. Equities analysts predict that Noble Energy, Inc. will post $0.02 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 22nd. Shareholders of record on Monday, May 8th will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. Noble Energy’s dividend payout ratio (DPR) is currently -17.24%.
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Several research firms recently issued reports on NBL. Credit Suisse Group AG reiterated a “buy” rating and set a $46.00 target price on shares of Noble Energy in a research report on Wednesday, February 15th. 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. Jefferies Group LLC reiterated a “buy” rating and set a $47.00 target price on shares of Noble Energy in a research report on Friday, March 3rd. Wunderlich reiterated a “buy” rating on shares of Noble Energy in a research report on Thursday, January 19th. Finally, Barclays PLC cut their target price on Noble Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, January 23rd. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Noble Energy currently has a consensus rating of “Buy” and an average price target of $44.55.
In other Noble Energy news, Director Jeffrey L. Berenson sold 23,000 shares of Noble Energy stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $34.27, for a total value of $788,210.00. Following the transaction, the director now directly owns 51,803 shares of the company’s stock, valued at approximately $1,775,288.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.17% of the stock is owned by insiders.
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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