Noble Energy Inc. (NBL) Shares Bought by Artisan Partners Limited Partnership
Artisan Partners Limited Partnership increased its position in Noble Energy Inc. (NYSE:NBL) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,172,711 shares of the oil and gas development company’s stock after acquiring an additional 121,877 shares during the period. Artisan Partners Limited Partnership owned about 1.47% of Noble Energy worth $203,418,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ares Management LLC purchased a new position in Noble Energy during the second quarter valued at $499,364,000. Capital World Investors lifted its position in Noble Energy by 20.8% during the second quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock valued at $1,561,730,000 after purchasing an additional 9,488,951 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Noble Energy by 29.8% in the second quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock valued at $1,101,810,000 after acquiring an additional 8,933,476 shares in the last quarter. Carmignac Gestion lifted its position in shares of Noble Energy by 107.3% in the second quarter. Carmignac Gestion now owns 11,753,883 shares of the oil and gas development company’s stock valued at $332,635,000 after acquiring an additional 6,084,237 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new position in shares of Noble Energy in the second quarter valued at about $75,546,000. 94.33% of the stock is owned by institutional investors.
Noble Energy Inc. (NYSE:NBL) traded up $0.70 on Friday, hitting $27.00. The stock had a trading volume of 4,378,749 shares, compared to its average volume of 4,186,441. The company has a market capitalization of $12,797.77, a PE ratio of 109.58 and a beta of 1.16. Noble Energy Inc. has a 1 year low of $22.99 and a 1 year high of $42.03. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. Noble Energy’s payout ratio is -10.03%.
Several brokerages have recently commented on NBL. Stifel Nicolaus set a $39.00 price objective on Noble Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. Mizuho reaffirmed a “buy” rating on shares of Noble Energy in a report on Friday, September 29th. Imperial Capital began coverage on Noble Energy in a report on Thursday, September 28th. They issued an “outperform” rating and a $40.00 target price on the stock. Jefferies Group cut Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a report on Monday, October 9th. Finally, Morgan Stanley lifted their target price on Noble Energy from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.60.
In other Noble Energy news, Director Thomas J. Edelman sold 300,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $27.83, for a total transaction of $8,349,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gary W. Willingham bought 30,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were bought at an average price of $26.00 per share, with a total value of $780,000.00. The disclosure for this purchase can be found here. 2.28% of the stock is currently owned by insiders.
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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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