Stifel Financial Corp Sells 27,403 Shares of Noble Energy Inc. (NBL)
Stifel Financial Corp trimmed its holdings in shares of Noble Energy Inc. (NYSE:NBL) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,173 shares of the oil and gas development company’s stock after selling 27,403 shares during the period. Stifel Financial Corp owned about 0.05% of Noble Energy worth $7,500,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. State of Tennessee Treasury Department lifted its position in shares of Noble Energy by 68.3% during the second quarter. State of Tennessee Treasury Department now owns 200,290 shares of the oil and gas development company’s stock worth $5,668,000 after purchasing an additional 81,285 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Noble Energy during the second quarter worth $460,000. CNH Partners LLC acquired a new position in shares of Noble Energy during the second quarter worth $1,348,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Noble Energy during the third quarter worth $11,285,000. Finally, South Dakota Investment Council lifted its position in shares of Noble Energy by 1.0% during the second quarter. South Dakota Investment Council now owns 783,998 shares of the oil and gas development company’s stock worth $22,187,000 after purchasing an additional 7,400 shares in the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.
NBL has been the topic of a number of recent research reports. BMO Capital Markets set a $33.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies reduced their target price on shares of Noble Energy from $47.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Morgan Stanley boosted their target price on shares of Noble Energy from $34.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Barclays boosted their target price on shares of Noble Energy from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Finally, Mizuho reissued a “buy” rating on shares of Noble Energy in a research report on Friday, September 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $39.93.
Noble Energy (NYSE:NBL) last released its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $961.61 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities research analysts predict that Noble Energy Inc. will post -0.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.40 annualized dividend and a yield of 1.50%. Noble Energy’s payout ratio is -10.03%.
In other Noble Energy news, Director Thomas J. Edelman sold 200,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $26.99, for a total transaction of $5,398,000.00. Following the completion of the sale, the director now owns 2,952,878 shares in the company, valued at $79,698,177.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Edelman sold 300,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $27.83, for a total transaction of $8,349,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 518,787 shares of company stock valued at $14,283,745. 2.28% of the stock is owned by insiders.
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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