Northwestern Mutual Investment Management Company LLC Has $586,000 Holdings in Noble Energy Inc. (NBL)
Northwestern Mutual Investment Management Company LLC lowered its position in shares of Noble Energy Inc. (NYSE:NBL) by 81.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,349 shares of the oil and gas development company’s stock after selling 71,680 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Noble Energy were worth $586,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Noble Energy by 5.5% during the 1st quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock worth $100,000 after purchasing an additional 153 shares during the period. Private Advisor Group LLC acquired a new position in shares of Noble Energy during the 1st quarter worth $132,000. Harbour Capital Advisors LLC acquired a new position in shares of Noble Energy during the 1st quarter worth $136,000. Global X Management Co. LLC grew its stake in shares of Noble Energy by 30.1% during the 1st quarter. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company’s stock worth $196,000 after purchasing an additional 1,319 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in shares of Noble Energy during the 1st quarter worth $201,000. Institutional investors own 91.83% of the company’s stock.
Noble Energy Inc. (NYSE NBL) opened at 25.04 on Tuesday. The company has a 50-day moving average of $25.37 and a 200 day moving average of $30.09. Noble Energy Inc. has a 12-month low of $22.99 and a 12-month high of $42.03. The stock’s market cap is $11.82 billion.
Noble Energy (NYSE:NBL) last posted its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.18. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company earned ($0.24) EPS. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities analysts anticipate that Noble Energy Inc. will post ($0.15) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a $0.10 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.40 annualized dividend and a yield of 1.60%. Noble Energy’s dividend payout ratio (DPR) is currently -9.90%.
A number of research firms have recently weighed in on NBL. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 price target (down from $36.00) on shares of Noble Energy in a research note on Tuesday, August 29th. Cowen and Company set a $35.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research note on Friday, August 25th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Noble Energy in a research note on Sunday, August 20th. Seaport Global Securities raised shares of Noble Energy from a “sell” rating to a “neutral” rating and upped their price target for the stock from $23.00 to $26.00 in a research note on Friday, August 11th. Finally, Barclays PLC upped their price target 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. 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 assigned a strong buy rating to the company. Noble Energy currently has a consensus rating of “Buy” and an average target price of $41.11.
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Noble Energy 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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