Noble Energy Inc. (NBL) Position Held by GAM Holding AG
GAM Holding AG held its stake in Noble Energy Inc. (NYSE:NBL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,802 shares of the oil and gas development company’s stock at the end of the second quarter. GAM Holding AG’s holdings in Noble Energy were worth $2,711,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Jennison Associates LLC boosted its stake in shares of Noble Energy by 1.8% in the first quarter. Jennison Associates LLC now owns 8,059,455 shares of the oil and gas development company’s stock valued at $276,762,000 after buying an additional 142,417 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Noble Energy by 13.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,447 shares of the oil and gas development company’s stock valued at $1,251,000 after buying an additional 4,424 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Noble Energy by 2.4% in the first quarter. Wetherby Asset Management Inc. now owns 6,232 shares of the oil and gas development company’s stock valued at $214,000 after buying an additional 147 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in shares of Noble Energy by 23.8% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 52,353 shares of the oil and gas development company’s stock valued at $1,798,000 after buying an additional 10,055 shares in the last quarter. Finally, First Midwest Bank Trust Division purchased a new stake in shares of Noble Energy during the first quarter valued at $538,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.
Noble Energy Inc. (NBL) opened at 23.65 on Monday. Noble Energy Inc. has a one year low of $23.01 and a one year high of $42.03. The firm’s market capitalization is $11.16 billion. The company has a 50-day moving average of $26.53 and a 200 day moving average of $31.13.
Noble Energy (NYSE:NBL) last issued its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.18. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business earned ($0.24) earnings per share. The business’s revenue was up 25.0% on a year-over-year basis. On average, analysts anticipate that Noble Energy Inc. will post ($0.15) EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, August 3rd. Noble Energy’s dividend payout ratio is -9.90%.
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Several analysts have weighed in on the stock. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Noble Energy in a research note on Sunday, August 20th. Cowen and Company set a $35.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research note on Friday. Seaport Global Securities raised shares of Noble Energy from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $23.00 to $26.00 in a research note on Friday, August 11th. Barclays PLC upped their price objective on shares of Noble Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $39.00 price objective on shares of Noble Energy in a research note on Friday, July 14th. 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 stock. Noble Energy currently has a consensus rating of “Buy” and a consensus target price 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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