Noble Energy Inc. (NBL) Holdings Increased by First Trust Advisors LP

First Trust Advisors LP raised its holdings in Noble Energy Inc. (NYSE:NBL) by 27.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,050,176 shares of the oil and gas development company’s stock after acquiring an additional 225,302 shares during the period. First Trust Advisors LP owned approximately 0.22% of Noble Energy worth $29,783,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NBL. Ares Management LLC bought a new position in shares of Noble Energy during the 2nd quarter valued at about $499,364,000. Capital World Investors increased its position in shares of Noble Energy by 20.8% during the 2nd quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock valued at $1,561,730,000 after purchasing an additional 9,488,951 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Noble Energy by 29.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock valued at $1,101,810,000 after purchasing an additional 8,933,476 shares during the last quarter. Carmignac Gestion increased its position in shares of Noble Energy by 107.3% during the 2nd quarter. Carmignac Gestion now owns 11,753,883 shares of the oil and gas development company’s stock valued at $332,635,000 after purchasing an additional 6,084,237 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new position in shares of Noble Energy during the 2nd quarter valued at about $75,546,000. 91.56% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on NBL shares. Stifel Nicolaus reiterated a “buy” rating and set a $39.00 price objective on shares of Noble Energy in a research report on Friday, July 14th. Cowen and Company set a $35.00 price objective on Noble Energy and gave the company a “buy” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 price objective on shares of Noble Energy in a research report on Thursday, July 20th. Citigroup Inc. reduced their price objective on Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Finally, Scotiabank set a $38.00 price objective on Noble Energy and gave the company a “hold” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $40.76.

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Noble Energy Inc. (NYSE:NBL) opened at 27.87 on Wednesday. Noble Energy Inc. has a 1-year low of $22.99 and a 1-year high of $42.03. The stock has a 50 day moving average price of $27.44 and a 200-day moving average price of $28.20. The stock’s market cap is $13.15 billion.

Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.11. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The company had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $961.61 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. Noble Energy’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Noble Energy Inc. will post ($0.14) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.40 annualized dividend and a yield of 1.44%. Noble Energy’s dividend payout ratio (DPR) is currently -10.03%.

Noble Energy Profile

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

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