Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in Noble Energy, Inc. (NYSE:NBL) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 221,187 shares of the oil and gas development company’s stock after purchasing an additional 875 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Noble Energy were worth $5,470,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Noble Energy by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 4,305,959 shares of the oil and gas development company’s stock worth $134,301,000 after buying an additional 40,955 shares in the last quarter. Pacer Advisors Inc. grew its position in Noble Energy by 42.6% during the third quarter. Pacer Advisors Inc. now owns 32,082 shares of the oil and gas development company’s stock worth $1,001,000 after buying an additional 9,579 shares in the last quarter. Verition Fund Management LLC grew its position in Noble Energy by 159.8% during the third quarter. Verition Fund Management LLC now owns 18,975 shares of the oil and gas development company’s stock worth $592,000 after buying an additional 11,672 shares in the last quarter. AQR Capital Management LLC grew its position in Noble Energy by 887.5% during the third quarter. AQR Capital Management LLC now owns 202,857 shares of the oil and gas development company’s stock worth $6,327,000 after buying an additional 182,314 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new stake in Noble Energy during the third quarter worth about $2,020,000. Institutional investors and hedge funds own 97.81% of the company’s stock.
A number of equities research analysts recently weighed in on NBL shares. Mizuho raised Noble Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $29.00 in a research report on Tuesday, March 19th. Stephens set a $35.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Tuesday, February 26th. Imperial Capital set a $39.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Wednesday, February 20th. UBS Group set a $34.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Wednesday, February 20th. Finally, Morgan Stanley set a $35.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $38.92.
Shares of NBL traded up $0.09 on Tuesday, hitting $27.97. The company’s stock had a trading volume of 111,424 shares, compared to its average volume of 6,089,835. The company has a market capitalization of $13.48 billion, a P/E ratio of 31.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. Noble Energy, Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $37.76.
Noble Energy (NYSE:NBL) last announced its earnings results on Tuesday, February 19th. The oil and gas development company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.14 billion. Noble Energy had a positive return on equity of 3.93% and a negative net margin of 1.32%. Noble Energy’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. On average, sell-side analysts anticipate that Noble Energy, Inc. will post 0.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be issued a $0.12 dividend. This is an increase from Noble Energy’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.72%. Noble Energy’s payout ratio is presently 48.89%.
In other news, CFO Kenneth M. Fisher sold 16,564 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 215,854 shares of the company’s stock, valued at approximately $4,940,898.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Craddock sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $23.62, for a total value of $212,580.00. The disclosure for this sale can be found here. 1.81% of the stock is owned by insiders.
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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. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.
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