WEALTHFRONT Corp Reduces Stake in Noble Energy, Inc. (NBL)

WEALTHFRONT Corp trimmed its stake in Noble Energy, Inc. (NYSE:NBL) by 24.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,757 shares of the oil and gas development company’s stock after selling 9,341 shares during the quarter. WEALTHFRONT Corp’s holdings in Noble Energy were worth $897,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Artisan Partners Limited Partnership grew its holdings in shares of Noble Energy by 12.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 17,770,684 shares of the oil and gas development company’s stock worth $626,950,000 after acquiring an additional 1,916,041 shares during the last quarter. FMR LLC grew its holdings in shares of Noble Energy by 121.2% in the 3rd quarter. FMR LLC now owns 15,861,163 shares of the oil and gas development company’s stock worth $494,709,000 after acquiring an additional 8,690,774 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Noble Energy by 19.6% in the 3rd quarter. American Century Companies Inc. now owns 8,922,975 shares of the oil and gas development company’s stock worth $278,308,000 after acquiring an additional 1,462,905 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Noble Energy by 1.2% in the 2nd quarter. Northern Trust Corp now owns 5,891,531 shares of the oil and gas development company’s stock worth $207,853,000 after acquiring an additional 67,558 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Noble Energy by 14.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,644,940 shares of the oil and gas development company’s stock worth $176,071,000 after acquiring an additional 721,541 shares during the last quarter. Institutional investors and hedge funds own 98.77% of the company’s stock.

In other Noble Energy news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the business’s stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $17.75, for a total value of $250,935,264.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.96% of the company’s stock.

A number of brokerages have recently weighed in on NBL. JPMorgan Chase & Co. set a $28.00 price target on Noble Energy and gave the company a “hold” rating in a report on Friday. Stephens began coverage on Noble Energy in a report on Thursday. They set an “overweight” rating and a $40.00 price target on the stock. Cowen began coverage on Noble Energy in a report on Thursday, November 29th. They set an “outperform” rating on the stock. Mizuho set a $28.00 price target on Noble Energy and gave the company a “hold” rating in a report on Wednesday, November 28th. Finally, Morgan Stanley lowered their price target on Noble Energy from $38.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $41.40.

Shares of NYSE NBL opened at $23.78 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Noble Energy, Inc. has a one year low of $23.22 and a one year high of $37.76. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 76.71, a PEG ratio of 2.43 and a beta of 1.10.

Noble Energy (NYSE:NBL) last issued its earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. Noble Energy had a return on equity of 4.82% and a net margin of 25.09%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities research analysts anticipate that Noble Energy, Inc. will post 0.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Monday, November 5th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.85%. Noble Energy’s dividend payout ratio (DPR) is currently 141.94%.

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Noble Energy Profile

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

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Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

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