Northern Trust Corp cut its stake in shares of Noble Energy, Inc. (NYSE:NBL) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,603,802 shares of the oil and gas development company’s stock after selling 592 shares during the quarter. Northern Trust Corp owned approximately 1.17% of Noble Energy worth $125,525,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Noble Energy by 0.3% in the 1st quarter. BlackRock Inc. now owns 33,299,281 shares of the oil and gas development company’s stock worth $823,491,000 after buying an additional 103,574 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Noble Energy by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 6,154,920 shares of the oil and gas development company’s stock worth $115,261,000 after purchasing an additional 425,920 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Noble Energy by 3.7% during the 1st quarter. Neuberger Berman Group LLC now owns 3,883,229 shares of the oil and gas development company’s stock worth $96,054,000 after purchasing an additional 140,047 shares during the last quarter. Ceredex Value Advisors LLC lifted its position in shares of Noble Energy by 20.4% during the 1st quarter. Ceredex Value Advisors LLC now owns 2,474,050 shares of the oil and gas development company’s stock worth $61,183,000 after purchasing an additional 419,300 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Noble Energy by 2.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,192,328 shares of the oil and gas development company’s stock worth $49,109,000 after purchasing an additional 59,028 shares during the last quarter. 99.36% of the stock is owned by institutional investors.
NBL has been the subject of several research analyst reports. UBS Group set a $34.00 price objective on Noble Energy and gave the stock a “buy” rating in a research report on Thursday, May 16th. Wells Fargo & Co upped their price target on Noble Energy from $26.00 to $28.00 and gave the company a “market perform” rating in a report on Monday, August 12th. Piper Jaffray Companies set a $28.00 price target on Noble Energy and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer raised Noble Energy from a “market perform” rating to an “outperform” rating and set a $33.00 price target for the company in a report on Thursday, August 22nd. Finally, Capital One Financial raised Noble Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $32.21.
Shares of NBL traded up $0.16 during mid-day trading on Friday, reaching $24.80. The company had a trading volume of 104,692 shares, compared to its average volume of 4,495,463. Noble Energy, Inc. has a twelve month low of $17.11 and a twelve month high of $32.73. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.59 and a quick ratio of 0.59. The company’s 50-day moving average is $22.01 and its 200-day moving average is $22.99. The company has a market capitalization of $11.58 billion, a P/E ratio of 27.62 and a beta of 1.36.
Noble Energy (NYSE:NBL) last issued its earnings results on Friday, August 2nd. The oil and gas development company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Noble Energy had a positive return on equity of 0.87% and a negative net margin of 19.93%. During the same period in the prior year, the firm posted $0.17 EPS. As a group, equities analysts expect that Noble Energy, Inc. will post -0.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.94%. Noble Energy’s payout ratio is 53.33%.
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.
See Also: Equity Income
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.