Trexquant Investment LP purchased a new stake in Noble Energy Inc. (NYSE:NBL) during the second quarter, Holdings Channel reports. The firm purchased 11,200 shares of the oil and gas development company’s stock, valued at approximately $317,000.
A number of other large investors also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Noble Energy by 7.7% in the fourth quarter. AQR Capital Management LLC now owns 11,471 shares of the oil and gas development company’s stock valued at $437,000 after buying an additional 821 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Noble Energy by 0.9% in the first quarter. Nisa Investment Advisors LLC now owns 172,587 shares of the oil and gas development company’s stock valued at $5,927,000 after buying an additional 1,554 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Noble Energy during the first quarter valued at approximately $255,000. Retirement Systems of Alabama raised its stake in shares of Noble Energy by 3.6% in the first quarter. Retirement Systems of Alabama now owns 210,503 shares of the oil and gas development company’s stock valued at $7,229,000 after buying an additional 7,317 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of Noble Energy by 47.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 120,640 shares of the oil and gas development company’s stock valued at $4,143,000 after buying an additional 38,652 shares during the last quarter. 86.57% of the stock is owned by institutional investors.
Noble Energy Inc. (NBL) opened at 23.02 on Friday. Noble Energy Inc. has a 52-week low of $23.01 and a 52-week high of $42.03. The firm has a 50-day moving average of $27.28 and a 200-day moving average of $31.82. The firm’s market cap is $10.87 billion.
Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.18. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned ($0.24) EPS. Noble Energy’s revenue for the quarter was up 25.0% compared to the same quarter last year. Equities analysts anticipate that Noble Energy Inc. will post ($0.14) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.40 annualized dividend and a yield of 1.74%. Noble Energy’s dividend payout ratio is presently -9.90%.
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Several equities research analysts recently commented on NBL shares. Barclays PLC reissued an “overweight” rating and issued a $41.00 price target (down previously from $46.00) on shares of Noble Energy in a report on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $48.00 target price on shares of Noble Energy in a research note on Tuesday, April 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 target price on shares of Noble Energy in a research note on Thursday, April 27th. Evercore ISI reaffirmed an “outperform” rating and set a $40.00 target price on shares of Noble Energy in a research note on Tuesday, May 2nd. Finally, Scotiabank reaffirmed a “hold” rating and set a $38.00 target price on shares of Noble Energy in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Noble Energy presently has a consensus rating of “Buy” and an average price target of $41.48.
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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