Noble Energy Inc. (NBL) Position Maintained by Bahl & Gaynor Inc.
Bahl & Gaynor Inc. maintained its stake in shares of Noble Energy Inc. (NYSE:NBL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,050 shares of the oil and gas development company’s stock at the end of the 2nd quarter. Bahl & Gaynor Inc.’s holdings in Noble Energy were worth $344,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of 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 purchasing an additional 153 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Noble Energy in the first quarter valued at about $132,000. Harbour Capital Advisors LLC acquired a new stake in shares of Noble Energy in the first quarter valued at about $136,000. Global X Management Co. LLC grew its position in shares of 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 purchasing an additional 1,319 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Noble Energy in the first quarter valued at about $201,000. Institutional investors and hedge funds own 91.68% of the company’s stock.
Several analysts have recently issued reports on the stock. Bank of America Corporation assumed coverage on shares of Noble Energy in a research report on Tuesday, May 23rd. They issued a “buy” rating and a $49.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price on shares of Noble Energy in a research report on Friday, May 26th. ValuEngine lowered shares of Noble Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Barclays PLC lifted their target price on shares of Noble Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 target price (down previously from $36.00) on shares of Noble Energy in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $41.36.
Shares of Noble Energy Inc. (NYSE NBL) opened at 26.09 on Tuesday. The company’s 50-day moving average is $24.94 and its 200 day moving average is $29.66. The stock’s market capitalization is $12.31 billion. Noble Energy Inc. has a 52 week low of $22.99 and a 52 week high of $42.03.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.05 billion. During the same quarter last year, the firm posted ($0.24) earnings per share. Noble Energy’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, equities analysts forecast that Noble Energy Inc. will post ($0.15) EPS for the current fiscal year.
The firm also recently declared 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 of this dividend was Thursday, August 3rd. This represents a $0.40 annualized dividend and a yield of 1.53%. Noble Energy’s payout ratio is -9.90%.
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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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