ZWJ Investment Counsel Inc. raised its position in Noble Energy, Inc. (NYSE:NBL) by 0.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,925 shares of the oil and gas development company’s stock after buying an additional 726 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Noble Energy were worth $6,873,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of NBL. Pearl River Capital LLC bought a new stake in shares of Noble Energy in the 4th quarter valued at about $30,000. Moody National Bank Trust Division bought a new stake in shares of Noble Energy in the 1st quarter valued at about $31,000. Rational Advisors LLC lifted its stake in shares of Noble Energy by 2,271.8% in the 4th quarter. Rational Advisors LLC now owns 1,684 shares of the oil and gas development company’s stock valued at $32,000 after acquiring an additional 1,613 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Noble Energy in the 1st quarter valued at about $47,000. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Noble Energy by 1,753.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 985,538 shares of the oil and gas development company’s stock valued at $53,000 after acquiring an additional 932,355 shares during the last quarter. Hedge funds and other institutional investors own 99.06% of the company’s stock.
A number of research firms have recently weighed in on NBL. Barclays raised Noble Energy from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $26.00 to $33.00 in a research note on Tuesday, April 30th. JPMorgan Chase & Co. raised Noble Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $28.00 to $32.00 in a research note on Monday, April 29th. ValuEngine raised Noble Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. TD Securities lowered their target price on Noble Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Finally, Mitsubishi UFJ Financial Group lowered their target price on Noble Energy to $34.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have issued a buy rating to the stock. Noble Energy currently has a consensus rating of “Buy” and a consensus target price of $38.48.
NBL opened at $19.73 on Monday. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 81.23 and a beta of 1.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.64. Noble Energy, Inc. has a one year low of $17.11 and a one year high of $37.76.
Noble Energy (NYSE:NBL) last released its quarterly earnings results on Friday, May 3rd. The oil and gas development company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1 billion. Noble Energy had a negative net margin of 19.63% and a positive return on equity of 2.05%. The company’s revenue for the quarter was down 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Equities research analysts forecast that Noble Energy, Inc. will post 0.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.43%. This is a positive change from Noble Energy’s previous quarterly dividend of $0.11. Noble Energy’s dividend payout ratio is currently 53.33%.
Noble Energy Company 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. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.
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