American Century Companies Inc. Acquires 1,068,521 Shares of Noble Energy Inc. (NBL)
American Century Companies Inc. raised its stake in shares of Noble Energy Inc. (NYSE:NBL) by 14.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,258,410 shares of the oil and gas development company’s stock after buying an additional 1,068,521 shares during the period. American Century Companies Inc. owned approximately 1.70% of Noble Energy worth $233,713,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. 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 acquired a new stake in Noble Energy during the first quarter valued at approximately $132,000. Harbour Capital Advisors LLC acquired a new stake in Noble Energy during the first quarter valued at approximately $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 acquired a new stake in Noble Energy during the first quarter valued at approximately $201,000. 86.57% of the stock is owned by institutional investors and hedge funds.
Noble Energy Inc. (NYSE NBL) opened at 23.54 on Friday. The firm’s market cap is $11.11 billion. Noble Energy Inc. has a 52 week low of $23.01 and a 52 week high of $42.03. The stock’s 50 day moving average is $26.63 and its 200 day moving average is $31.25.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.18. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. Noble Energy’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the business posted ($0.24) EPS. Equities research analysts expect that Noble Energy Inc. will post ($0.15) EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.40 annualized dividend and a yield of 1.70%. Noble Energy’s payout ratio is currently -9.90%.
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Several analysts recently commented on NBL shares. Credit Suisse Group reissued a “buy” rating and set a $44.00 target price on shares of Noble Energy in a research note on Thursday, April 27th. Jefferies Group LLC set a $40.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research note on Wednesday, May 17th. Bank of America Corporation raised shares of Noble Energy from a “neutral” rating to a “buy” rating and cut their target price for the company from $53.00 to $49.00 in a research note on Thursday, May 11th. Stifel Nicolaus reissued a “buy” rating and set a $43.00 target price on shares of Noble Energy in a research note on Friday, May 26th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $47.00 target price on shares of Noble Energy in a research note on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average 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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