Landscape Capital Management L.L.C. boosted its holdings in Noble Energy, Inc. (NYSE:NBL) by 231.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 35,960 shares of the oil and gas development company’s stock after buying an additional 25,119 shares during the period. Landscape Capital Management L.L.C.’s holdings in Noble Energy were worth $1,048,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC bought a new stake in shares of Noble Energy during the third quarter valued at about $155,000. Sawyer & Company Inc bought a new stake in Noble Energy in the fourth quarter worth about $169,000. Lourd Capital LLC bought a new stake in Noble Energy in the fourth quarter worth about $203,000. Levin Capital Strategies L.P. purchased a new position in Noble Energy in the 4th quarter worth about $219,000. Finally, FDx Advisors Inc. purchased a new position in Noble Energy in the 4th quarter worth about $231,000. Institutional investors own 95.71% of the company’s stock.
In related news, CEO David L. Stover acquired 19,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was purchased at an average cost of $26.31 per share, with a total value of $499,890.00. Following the acquisition, the chief executive officer now directly owns 727,254 shares of the company’s stock, valued at $19,134,052.74. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kenneth M. Fisher sold 7,621 shares of Noble Energy stock in a transaction on Monday, February 5th. The shares were sold at an average price of $28.80, for a total value of $219,484.80. Following the completion of the transaction, the chief financial officer now directly owns 197,144 shares of the company’s stock, valued at $5,677,747.20. The disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.
Noble Energy, Inc. (NYSE:NBL) traded down $0.48 during mid-day trading on Wednesday, reaching $29.70. The company’s stock had a trading volume of 4,877,966 shares, compared to its average volume of 6,700,000. Noble Energy, Inc. has a 12-month low of $22.99 and a 12-month high of $35.74. The company has a market capitalization of $14,620.00, a P/E ratio of -7.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.27 and a current ratio of 1.27.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas development company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.28. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Noble Energy had a positive return on equity of 1.46% and a negative net margin of 26.27%. The business’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. equities analysts forecast that Noble Energy, Inc. will post 0.84 EPS for the current fiscal year.
Noble Energy declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 15th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the oil and gas development company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.40 annualized dividend and a yield of 1.35%. Noble Energy’s payout ratio is currently -10.67%.
NBL has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Noble Energy from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Mizuho set a $43.00 price target on Noble Energy and gave the company a “buy” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. lowered Noble Energy from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Friday, December 15th. Credit Suisse Group initiated coverage on Noble Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Cowen set a $40.00 price target on Noble Energy and gave the stock a “buy” rating in a report on Sunday, December 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the stock. Noble Energy presently has a consensus rating of “Buy” and an average target price of $40.52.
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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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