Noble Energy Inc. (NBL) Shares Bought by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System increased its position in shares of Noble Energy Inc. (NYSE:NBL) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 672,320 shares of the oil and gas development company’s stock after buying an additional 31,237 shares during the period. State Board of Administration of Florida Retirement System owned 0.16% of Noble Energy worth $19,027,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Noble Energy during the first quarter worth $255,000. Retirement Systems of Alabama boosted its stake in shares of Noble Energy by 3.6% in the first quarter. Retirement Systems of Alabama now owns 210,503 shares of the oil and gas development company’s stock worth $7,229,000 after buying an additional 7,317 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Noble Energy by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 11,460 shares of the oil and gas development company’s stock worth $368,000 after buying an additional 448 shares during the last quarter. First Manhattan Co. boosted its stake in shares of Noble Energy by 1.7% in the first quarter. First Manhattan Co. now owns 69,040 shares of the oil and gas development company’s stock worth $2,467,000 after buying an additional 1,140 shares during the last quarter. Finally, Korea Investment CORP boosted its stake in shares of Noble Energy by 22,039.6% in the first quarter. Korea Investment CORP now owns 112,248 shares of the oil and gas development company’s stock worth $3,855,000 after buying an additional 111,741 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.
Shares of Noble Energy Inc. (NBL) opened at 23.65 on Friday. Noble Energy Inc. has a 52 week low of $23.01 and a 52 week high of $42.03. The firm’s 50 day moving average is $26.53 and its 200-day moving average is $31.13. The firm’s market cap is $11.16 billion.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.18. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. Noble Energy’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.24) EPS. Equities research analysts predict that Noble Energy Inc. will post ($0.15) EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were paid a $0.10 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. Noble Energy’s dividend payout ratio is currently -9.90%.
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NBL has been the subject of a number of research reports. Seaport Global Securities cut shares of Noble Energy from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $36.00 to $23.00 in a report on Wednesday, June 21st. Royal Bank Of Canada restated a “buy” rating and set a $38.00 target price on shares of Noble Energy in a report on Thursday, July 20th. Scotiabank set a $38.00 target price on shares of Noble Energy and gave the stock a “hold” rating in a report on Thursday, August 3rd. 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. Finally, Evercore ISI restated an “outperform” rating and set a $40.00 target price on shares of Noble Energy in a report on Tuesday, May 2nd. Two equities 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 given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $41.48.
About Noble Energy
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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