Great West Life Assurance Co. Can increased its holdings in shares of Noble Energy Inc. (NYSE:NBL) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 345,823 shares of the oil and gas development company’s stock after purchasing an additional 22,494 shares during the period. Great West Life Assurance Co. Can owned 0.07% of Noble Energy worth $9,776,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. State of Tennessee Treasury Department boosted its stake in Noble Energy by 68.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 200,290 shares of the oil and gas development company’s stock worth $5,668,000 after purchasing an additional 81,285 shares during the period. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Noble Energy in the 2nd quarter worth $460,000. CNH Partners LLC acquired a new stake in shares of Noble Energy in the 2nd quarter worth $1,348,000. South Dakota Investment Council lifted its stake in shares of Noble Energy by 1.0% in the 2nd quarter. South Dakota Investment Council now owns 783,998 shares of the oil and gas development company’s stock worth $22,187,000 after acquiring an additional 7,400 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Noble Energy in the 3rd quarter worth $11,285,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.
Shares of Noble Energy Inc. (NYSE NBL) traded down $0.21 on Wednesday, hitting $26.63. 4,079,100 shares of the stock were exchanged, compared to its average volume of 5,138,074. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $13,060.54, a P/E ratio of 111.83 and a beta of 1.16. Noble Energy Inc. has a 1-year low of $22.99 and a 1-year high of $42.03.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were issued a $0.10 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. Noble Energy’s dividend payout ratio is presently -10.03%.
In other Noble Energy news, Director Thomas J. Edelman sold 300,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.83, for a total transaction of $8,349,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Craddock sold 18,787 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total transaction of $536,744.59. Following the transaction, the director now owns 114,226 shares of the company’s stock, valued at $3,263,436.82. The disclosure for this sale can be found here. Company insiders own 2.28% of the company’s stock.
Several research firms have recently commented on NBL. Stifel Nicolaus set a $41.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Scotiabank set a $35.00 target price on shares of Noble Energy and gave the stock a “hold” rating in a research note on Saturday, November 25th. Imperial Capital began coverage on shares of Noble Energy in a research note on Thursday, September 28th. They issued an “outperform” rating and a $40.00 target price for the company. Seaport Global Securities upgraded shares of Noble Energy from a “sell” rating to a “neutral” rating and raised their target price for the stock from $23.00 to $26.00 in a research note on Friday, August 11th. Finally, Mizuho restated a “buy” rating on shares of Noble Energy in a research note on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $40.43.
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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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