Nissay Asset Management Corp Japan ADV raised its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,327 shares of the oil and gas development company’s stock after acquiring an additional 1,691 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Noble Energy were worth $948,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Stephens Inc. AR purchased a new stake in shares of Noble Energy in the 1st quarter valued at about $583,000. Bbva Compass Bancshares Inc. lifted its holdings in shares of Noble Energy by 39.5% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 75,923 shares of the oil and gas development company’s stock valued at $1,878,000 after purchasing an additional 21,510 shares during the last quarter. South Dakota Investment Council lifted its holdings in shares of Noble Energy by 11.4% in the 1st quarter. South Dakota Investment Council now owns 1,607,059 shares of the oil and gas development company’s stock valued at $39,743,000 after purchasing an additional 164,641 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Noble Energy by 0.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 693,897 shares of the oil and gas development company’s stock valued at $17,160,000 after purchasing an additional 3,342 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Noble Energy by 53.6% in the 1st quarter. Boston Partners now owns 22,144,841 shares of the oil and gas development company’s stock valued at $547,642,000 after purchasing an additional 7,725,241 shares during the last quarter. 98.57% of the stock is owned by institutional investors and hedge funds.

NYSE NBL opened at $23.85 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64. Noble Energy, Inc. has a 12-month low of $17.11 and a 12-month high of $37.76. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 26.50 and a beta of 1.38.

Noble Energy (NYSE:NBL) last released its earnings results on Friday, May 3rd. The oil and gas development company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). Noble Energy had a positive return on equity of 2.05% and a negative net margin of 19.63%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was down 18.2% on a year-over-year basis. As a group, equities research analysts forecast that Noble Energy, Inc. will post 0.08 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be given a dividend of $0.12 per share. This is a boost from Noble Energy’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, May 3rd. This represents a $0.48 annualized dividend and a yield of 2.01%. Noble Energy’s payout ratio is presently 53.33%.

In other Noble Energy news, Director James E. Craddock sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $23.62, for a total transaction of $212,580.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.81% of the company’s stock.

Several analysts have commented on the company. Barclays raised Noble Energy from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $26.00 to $33.00 in a research note on Tuesday, April 30th. JPMorgan Chase & Co. raised Noble Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $32.00 in a research note on Monday, April 29th. ValuEngine raised Noble Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. TD Securities reduced their price objective on Noble Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Finally, Mitsubishi UFJ Financial Group reduced their price objective on Noble Energy to $34.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $38.01.

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Noble Energy Profile

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.

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Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

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