Toronto Dominion Bank lifted its position in Noble Energy Inc. (NYSE:NBL) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 413,932 shares of the oil and gas development company’s stock after acquiring an additional 29,389 shares during the quarter. Toronto Dominion Bank owned approximately 0.09% of Noble Energy worth $11,737,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the business. Creative Planning increased its stake in shares of Noble Energy by 34.1% during the 2nd quarter. Creative Planning now owns 36,377 shares of the oil and gas development company’s stock worth $1,029,000 after purchasing an additional 9,247 shares during the last quarter. Shell Asset Management Co. boosted its holdings in shares of Noble Energy by 4.4% during the 2nd quarter. Shell Asset Management Co. now owns 108,468 shares of the oil and gas development company’s stock worth $3,070,000 after buying an additional 4,528 shares during the period. State of Tennessee Treasury Department boosted its holdings in shares of 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 buying an additional 81,285 shares during the period. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Noble Energy during the 2nd quarter worth $460,000. Finally, CNH Partners LLC bought a new stake in shares of Noble Energy during the 2nd quarter worth $1,348,000. Hedge funds and other institutional investors own 91.49% of the company’s stock.
Several analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price objective on shares of Noble Energy in a report on Thursday, July 20th. Cowen and Company set a $35.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Tuesday, July 18th. Stifel Nicolaus set a $39.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Citigroup Inc. reduced their price target on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Mizuho reissued a “buy” rating on shares of Noble Energy in a report on Friday, September 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $40.66.
Noble Energy Inc. (NYSE:NBL) traded down $0.86 during trading hours on Wednesday, hitting $26.67. 4,489,300 shares of the company’s stock traded hands, compared to its average volume of 5,205,756. Noble Energy Inc. has a 12-month low of $22.99 and a 12-month high of $42.03. The firm has a market capitalization of $13,396.30, a P/E ratio of 114.71 and a beta of 1.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The firm had revenue of $960.00 million for the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share. equities research analysts expect that Noble Energy Inc. will post -0.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be given a $0.10 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. Noble Energy’s payout ratio is presently -10.03%.
In other news, Director James E. Craddock sold 18,787 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total value of $536,744.59. Following the completion of the sale, the director now owns 114,226 shares of the company’s stock, valued at $3,263,436.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas J. Edelman sold 300,000 shares of the business’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 disclosure for this sale can be found here. Insiders own 2.28% of the company’s stock.
Noble Energy 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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