World Asset Management Inc Acquires 2,789 Shares of Noble Energy Inc. (NBL)
World Asset Management Inc lifted its holdings in Noble Energy Inc. (NYSE:NBL) by 6.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,942 shares of the oil and gas development company’s stock after purchasing an additional 2,789 shares during the quarter. World Asset Management Inc owned 9,030.23% of Noble Energy worth $1,246,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Highbridge Capital Management LLC purchased a new position in Noble Energy during the first quarter worth $201,000. HighTower Advisors LLC boosted its stake in Noble Energy by 0.4% during the first quarter. HighTower Advisors LLC now owns 12,644 shares of the oil and gas development company’s stock worth $434,000 after buying an additional 52 shares during the period. Xact Kapitalforvaltning AB boosted its stake in Noble Energy by 22.5% during the second quarter. Xact Kapitalforvaltning AB now owns 39,260 shares of the oil and gas development company’s stock worth $1,111,000 after buying an additional 7,219 shares during the period. Fox Run Management L.L.C. purchased a new position in Noble Energy during the second quarter worth $444,000. Finally, NN Investment Partners Holdings N.V. boosted its stake in Noble Energy by 18.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 203,691 shares of the oil and gas development company’s stock worth $5,765,000 after buying an additional 31,082 shares during the period. 91.65% of the stock is owned by hedge funds and other institutional investors.
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In other Noble Energy news, Director James E. Craddock sold 18,787 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total value of $536,744.59. Following the completion of the transaction, the director now directly owns 114,226 shares in the company, valued at $3,263,436.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.28% of the company’s stock.
Shares of Noble Energy Inc. (NYSE NBL) traded down $0.27 during trading on Friday, reaching $28.18. 182,079 shares of the company’s stock were exchanged, compared to its average volume of 5,202,505. The company has a market capitalization of $13,834.25, a P/E ratio of 118.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. Noble Energy Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $42.03.
Noble Energy (NYSE:NBL) last announced its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.11. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. equities research analysts predict that Noble Energy Inc. will post -0.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. Noble Energy’s dividend payout ratio is presently -10.03%.
Several research analysts have commented on NBL shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price objective on shares of Noble Energy in a research note on Thursday, July 20th. Scotiabank set a $38.00 price objective on shares of Noble Energy and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Citigroup Inc. dropped their price objective on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, July 21st. 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 Tuesday, July 18th. Finally, BMO Capital Markets set a $37.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $40.76.
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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