Tyers Asset Management LLC increased its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 28.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,160 shares of the oil and gas development company’s stock after buying an additional 28,304 shares during the quarter. Tyers Asset Management LLC’s holdings in Noble Energy were worth $3,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NBL. BlackRock Inc. increased its stake in Noble Energy by 0.3% during the first quarter. BlackRock Inc. now owns 33,299,281 shares of the oil and gas development company’s stock worth $823,491,000 after acquiring an additional 103,574 shares during the last quarter. Boston Partners increased its stake in Noble Energy by 53.6% during the first quarter. Boston Partners now owns 22,144,841 shares of the oil and gas development company’s stock worth $547,642,000 after acquiring an additional 7,725,241 shares during the last quarter. FMR LLC increased its stake in Noble Energy by 15.7% during the fourth quarter. FMR LLC now owns 18,352,750 shares of the oil and gas development company’s stock worth $344,298,000 after acquiring an additional 2,491,587 shares during the last quarter. American Century Companies Inc. increased its stake in Noble Energy by 7.7% during the fourth quarter. American Century Companies Inc. now owns 9,609,157 shares of the oil and gas development company’s stock worth $180,268,000 after acquiring an additional 686,182 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Noble Energy by 9.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,173,152 shares of the oil and gas development company’s stock worth $115,802,000 after acquiring an additional 528,212 shares during the last quarter. Hedge funds and other institutional investors own 99.09% of the company’s stock.

Several equities research analysts have commented on NBL shares. Morgan Stanley set a $35.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Thursday, May 16th. Barclays upgraded Noble Energy from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.00 to $33.00 in a research note on Tuesday, April 30th. Imperial Capital set a $39.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Stephens set a $35.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, Capital One Financial upgraded Noble Energy from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $38.48.

Shares of NBL stock traded down $0.74 during trading hours on Wednesday, reaching $20.55. The company had a trading volume of 166,188 shares, compared to its average volume of 5,947,841. 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 twelve month low of $17.11 and a twelve month high of $37.76. The firm has a market cap of $9.91 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 29.14 and a beta of 1.48.

Noble Energy (NYSE:NBL) last posted its earnings results on Friday, May 3rd. The oil and gas development company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Noble Energy had a negative net margin of 19.63% and a positive return on equity of 2.05%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $0.35 EPS. Noble Energy’s quarterly revenue was down 18.2% compared to the same quarter last year. On average, equities research analysts predict that Noble Energy, Inc. will post 0.03 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were paid a $0.12 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.34%. This is a positive change from Noble Energy’s previous quarterly dividend of $0.11. Noble Energy’s dividend payout ratio (DPR) is 53.33%.

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About Noble Energy

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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