Mackenzie Financial Corp Has $21.33 Million Stake in Noble Energy, Inc. (NBL)

Mackenzie Financial Corp lifted its stake in Noble Energy, Inc. (NYSE:NBL) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,137,133 shares of the oil and gas development company’s stock after buying an additional 167,489 shares during the period. Mackenzie Financial Corp owned approximately 0.24% of Noble Energy worth $21,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NBL. FMR LLC boosted its position in shares of Noble Energy by 56.8% in the second quarter. FMR LLC now owns 7,170,389 shares of the oil and gas development company’s stock worth $252,972,000 after buying an additional 2,597,747 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Noble Energy by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 4,265,004 shares of the oil and gas development company’s stock worth $150,469,000 after buying an additional 93,686 shares during the period. Bank of Montreal Can boosted its position in shares of Noble Energy by 29.3% in the third quarter. Bank of Montreal Can now owns 216,958 shares of the oil and gas development company’s stock worth $6,767,000 after buying an additional 49,206 shares during the period. First Hawaiian Bank purchased a new stake in shares of Noble Energy in the third quarter worth about $662,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Noble Energy by 1.3% in the third quarter. Nisa Investment Advisors LLC now owns 152,805 shares of the oil and gas development company’s stock worth $4,766,000 after buying an additional 1,915 shares during the period. 98.23% of the stock is owned by institutional investors.

NBL opened at $22.64 on Tuesday. Noble Energy, Inc. has a 12 month low of $17.11 and a 12 month high of $37.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $10.86 billion, a P/E ratio of 73.03, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38.

Noble Energy (NYSE:NBL) last posted its earnings results on Tuesday, February 19th. The oil and gas development company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.03). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.14 billion. Noble Energy had a net margin of 25.09% and a return on equity of 4.82%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. As a group, research analysts expect that Noble Energy, Inc. will post 0.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Monday, February 11th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, February 8th. This represents a $0.44 annualized dividend and a dividend yield of 1.94%. Noble Energy’s dividend payout ratio (DPR) is presently 141.94%.

In other news, CFO Kenneth M. Fisher sold 16,564 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $22.89, for a total value of $379,149.96. Following the completion of the sale, the chief financial officer now owns 215,854 shares of the company’s stock, valued at $4,940,898.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.96% of the company’s stock.

NBL has been the topic of a number of research analyst reports. Stifel Nicolaus set a $46.00 target price on Noble Energy and gave the stock a “buy” rating in a report on Thursday, November 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $37.00 target price on shares of Noble Energy in a report on Monday, November 19th. Tudor Pickering raised Noble Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. TD Securities reduced their target price on Noble Energy from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Finally, Raymond James set a $32.00 target price on Noble Energy and gave the stock a “buy” rating in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company. Noble Energy currently has a consensus rating of “Buy” and a consensus price target of $39.89.

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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. 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.

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

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