SG Americas Securities LLC Has $12.44 Million Stake in Noble Corporation PLC $NE

SG Americas Securities LLC increased its stake in shares of Noble Corporation PLC (NYSE:NE) by 424.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 440,342 shares of the company’s stock after buying an additional 356,333 shares during the quarter. SG Americas Securities LLC’s holdings in Noble were worth $12,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its position in shares of Noble by 156.4% during the 3rd quarter. Westside Investment Management Inc. now owns 864 shares of the company’s stock valued at $25,000 after acquiring an additional 527 shares during the period. Salomon & Ludwin LLC bought a new position in shares of Noble in the third quarter worth $40,000. GAMMA Investing LLC raised its stake in Noble by 77.8% in the fourth quarter. GAMMA Investing LLC now owns 1,440 shares of the company’s stock valued at $41,000 after purchasing an additional 630 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Noble by 819.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,601 shares of the company’s stock valued at $69,000 after purchasing an additional 2,318 shares in the last quarter. Finally, Strs Ohio bought a new stake in Noble during the first quarter worth about $142,000. 68.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Evercore set a $45.00 price objective on shares of Noble in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Noble in a research report on Monday, December 29th. Susquehanna upped their price target on shares of Noble from $32.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Noble Financial lowered shares of Noble to a “market perform” rating in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Noble from $33.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.63.

Insider Buying and Selling at Noble

In other Noble news, SVP Joey M. Kawaja sold 19,725 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $43.51, for a total transaction of $858,234.75. Following the sale, the senior vice president owned 80,074 shares of the company’s stock, valued at approximately $3,484,019.74. The trade was a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Blake Denton sold 23,255 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $43.50, for a total transaction of $1,011,592.50. Following the transaction, the senior vice president owned 79,261 shares of the company’s stock, valued at $3,447,853.50. This trade represents a 22.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 328,805 shares of company stock worth $15,067,754 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

Noble Stock Performance

NYSE:NE opened at $49.83 on Friday. The stock’s 50-day simple moving average is $42.72 and its 200 day simple moving average is $34.23. The firm has a market capitalization of $7.95 billion, a PE ratio of 36.91 and a beta of 1.07. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. Noble Corporation PLC has a twelve month low of $17.40 and a twelve month high of $50.78.

Noble (NYSE:NE) last issued its earnings results on Wednesday, February 11th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.06). The business had revenue of $764.41 million for the quarter. Noble had a return on equity of 2.34% and a net margin of 6.60%.The company’s quarterly revenue was down 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. On average, analysts anticipate that Noble Corporation PLC will post 2.99 EPS for the current fiscal year.

Noble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 4th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Wednesday, March 4th. Noble’s dividend payout ratio is currently 148.15%.

Noble Company Profile

Noble (NYSE: NE) is an offshore drilling company that provides drilling services to the global oil and gas industry. The firm operates a fleet of mobile offshore drilling units and delivers contract drilling solutions for exploration and production activities. Its core business centers on executing drilling programs for upstream energy companies across a range of water depths and operating environments.

Products and services include the operation and management of offshore drilling rigs — such as drillships, semisubmersibles and jackups — along with associated technical, engineering and project management services.