Envestnet Asset Management Inc. boosted its position in shares of Noble Energy, Inc. (NYSE:NBL) by 16.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,058 shares of the oil and gas development company’s stock after purchasing an additional 34,498 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of Noble Energy worth $5,459,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC grew its holdings in Noble Energy by 719.3% during the 2nd quarter. NuWave Investment Management LLC now owns 1,147 shares of the oil and gas development company’s stock valued at $26,000 after purchasing an additional 1,007 shares in the last quarter. Private Capital Group LLC grew its holdings in Noble Energy by 1,027.9% during the 2nd quarter. Private Capital Group LLC now owns 1,376 shares of the oil and gas development company’s stock valued at $49,000 after purchasing an additional 1,254 shares in the last quarter. Capital Investment Advisory Services LLC grew its holdings in Noble Energy by 691.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 2,232 shares of the oil and gas development company’s stock valued at $50,000 after purchasing an additional 1,950 shares in the last quarter. CSat Investment Advisory L.P. grew its holdings in Noble Energy by 80.0% during the 2nd quarter. CSat Investment Advisory L.P. now owns 2,340 shares of the oil and gas development company’s stock valued at $52,000 after purchasing an additional 1,040 shares in the last quarter. Finally, FTB Advisors Inc. grew its holdings in Noble Energy by 356.5% during the 2nd quarter. FTB Advisors Inc. now owns 3,241 shares of the oil and gas development company’s stock valued at $72,000 after purchasing an additional 2,531 shares in the last quarter. 98.57% of the stock is owned by institutional investors and hedge funds.
Shares of NBL stock opened at $20.21 on Tuesday. The firm has a market cap of $9.86 billion, a P/E ratio of 22.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.59 and a quick ratio of 0.59. Noble Energy, Inc. has a 1-year low of $17.11 and a 1-year high of $28.96. The firm has a fifty day moving average of $21.74 and a two-hundred day moving average of $22.49.
Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas development company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. Noble Energy had a negative net margin of 19.93% and a positive return on equity of 0.87%. During the same period last year, the business earned $0.17 EPS. On average, sell-side analysts expect that Noble Energy, Inc. will post -0.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.38%. Noble Energy’s payout ratio is currently 53.33%.
A number of research firms recently weighed in on NBL. Piper Jaffray Companies set a $28.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Friday, August 16th. Wolfe Research raised shares of Noble Energy from a “peer perform” rating to an “outperform” rating and lowered their price target for the company from $31.00 to $30.00 in a report on Tuesday, October 15th. KeyCorp began coverage on shares of Noble Energy in a report on Wednesday, July 31st. They set a “sector weight” rating for the company. ValuEngine raised shares of Noble Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Co raised their price target on shares of Noble Energy from $26.00 to $28.00 and gave the company a “market perform” rating in a report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Noble Energy currently has a consensus rating of “Buy” and an average target price of $32.01.
About Noble Energy
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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