Verition Fund Management LLC lifted its position in Noble Energy, Inc. (NYSE:NBL) by 264.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,213 shares of the oil and gas development company’s stock after purchasing an additional 22,641 shares during the period. Verition Fund Management LLC’s holdings in Noble Energy were worth $946,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tredje AP fonden boosted its holdings in shares of Noble Energy by 2.2% in the first quarter. Tredje AP fonden now owns 71,575 shares of the oil and gas development company’s stock valued at $2,169,000 after purchasing an additional 1,530 shares during the period. United Capital Financial Advisers LLC boosted its holdings in shares of Noble Energy by 23.7% in the first quarter. United Capital Financial Advisers LLC now owns 9,510 shares of the oil and gas development company’s stock valued at $288,000 after purchasing an additional 1,823 shares during the period. US Bancorp DE boosted its holdings in shares of Noble Energy by 7.8% in the first quarter. US Bancorp DE now owns 25,330 shares of the oil and gas development company’s stock valued at $767,000 after purchasing an additional 1,842 shares during the period. Bank of Hawaii boosted its holdings in shares of Noble Energy by 8.4% in the first quarter. Bank of Hawaii now owns 24,126 shares of the oil and gas development company’s stock valued at $731,000 after purchasing an additional 1,865 shares during the period. Finally, Ellington Management Group LLC boosted its holdings in shares of Noble Energy by 12.6% in the fourth quarter. Ellington Management Group LLC now owns 17,900 shares of the oil and gas development company’s stock valued at $522,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 98.46% of the company’s stock.
Shares of NBL opened at $34.85 on Wednesday. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 112.42, a P/E/G ratio of 3.01 and a beta of 1.04. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. Noble Energy, Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $37.67.
Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Tuesday, May 1st. The oil and gas development company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.07. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.22 billion. Noble Energy had a positive return on equity of 3.25% and a negative net margin of 13.32%. The firm’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. analysts expect that Noble Energy, Inc. will post 1.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 21st. Shareholders of record on Monday, May 7th were given a dividend of $0.11 per share. This is an increase from Noble Energy’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, May 4th. Noble Energy’s dividend payout ratio (DPR) is currently 141.94%.
In other Noble Energy news, VP J. Keith Elliott sold 6,000 shares of the stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $33.27, for a total transaction of $199,620.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Andrea Lee Robison sold 8,760 shares of the stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $35.00, for a total value of $306,600.00. Following the sale, the vice president now directly owns 100,918 shares in the company, valued at $3,532,130. The disclosure for this sale can be found here. Insiders have sold a total of 23,520 shares of company stock worth $830,340 over the last ninety days. 1.96% of the stock is owned by insiders.
A number of analysts recently issued reports on the company. UBS Group assumed coverage on Noble Energy in a report on Wednesday, March 7th. They issued a “buy” rating and a $40.00 price target for the company. Royal Bank of Canada set a $39.00 price target on Noble Energy and gave the company a “buy” rating in a report on Friday, April 13th. Johnson Rice upgraded Noble Energy from an “accumulate” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, April 25th. ValuEngine upgraded Noble Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Finally, Sanford C. Bernstein upgraded Noble Energy from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from $37.67 to $22.99 in a report on Tuesday, June 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $40.30.
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. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.
Want to see what other hedge funds are holding NBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Energy, Inc. (NYSE:NBL).
Receive News & Ratings for Noble Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy and related companies with MarketBeat.com's FREE daily email newsletter.