Nippon Life Insurance Co. boosted its stake in Noble Energy Inc. (NYSE:NBL) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,279 shares of the oil and gas development company’s stock after buying an additional 2,220 shares during the period. Nippon Life Insurance Co.’s holdings in Noble Energy were worth $772,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake 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 buying an additional 153 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Noble Energy during the first quarter valued at about $132,000. Harbour Capital Advisors LLC purchased a new stake in Noble Energy during the first quarter valued at about $136,000. Global X Management Co. LLC raised its stake 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 buying an additional 1,319 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in Noble Energy during the first quarter valued at about $201,000. 86.57% of the stock is owned by institutional investors.
Shares of Noble Energy Inc. (NYSE:NBL) opened at 23.49 on Wednesday. The company’s market capitalization is $11.09 billion. The company has a 50-day moving average price of $27.00 and a 200-day moving average price of $31.48. Noble Energy Inc. has a 12 month low of $23.01 and a 12 month high of $42.03.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.18. The company 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%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. On average, analysts forecast that Noble Energy Inc. will post ($0.14) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, August 3rd. Noble Energy’s dividend payout ratio is presently -9.90%.
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NBL has been the subject of several analyst reports. Bank of America Corporation raised shares of Noble Energy from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $53.00 to $49.00 in a report on Thursday, May 11th. Jefferies Group LLC set a $40.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a report on Wednesday, May 17th. Credit Suisse Group reissued a “buy” rating and issued a $44.00 target price on shares of Noble Energy in a report on Thursday, April 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $48.00 target price on shares of Noble Energy in a report on Tuesday, April 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $47.00 target price on shares of Noble Energy in a report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.48.
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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