First Midwest Bank Trust Division decreased its holdings in shares of Noble Energy Inc. (NYSE:NBL) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,857 shares of the oil and gas development company’s stock after selling 11,855 shares during the quarter. First Midwest Bank Trust Division’s holdings in Noble Energy were worth $336,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Highstreet Asset Management Inc. boosted its stake in Noble Energy by 69.3% during the 3rd quarter. Highstreet Asset Management Inc. now owns 70,082 shares of the oil and gas development company’s stock valued at $1,988,000 after purchasing an additional 28,679 shares during the period. First Trust Advisors LP boosted its stake in Noble Energy by 27.3% during the 3rd quarter. First Trust Advisors LP now owns 1,050,176 shares of the oil and gas development company’s stock valued at $29,783,000 after purchasing an additional 225,302 shares during the period. Xact Kapitalforvaltning AB boosted its stake in Noble Energy by 4.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 41,203 shares of the oil and gas development company’s stock valued at $1,169,000 after purchasing an additional 1,943 shares during the period. Nationwide Fund Advisors boosted its stake in Noble Energy by 2.5% during the 3rd quarter. Nationwide Fund Advisors now owns 765,933 shares of the oil and gas development company’s stock valued at $21,722,000 after purchasing an additional 18,528 shares during the period. Finally, Strs Ohio boosted its stake in Noble Energy by 5.3% during the 3rd quarter. Strs Ohio now owns 1,523,837 shares of the oil and gas development company’s stock valued at $43,216,000 after purchasing an additional 76,488 shares during the period. Hedge funds and other institutional investors own 91.56% of the company’s stock.
Shares of Noble Energy Inc. (NBL) opened at 27.87 on Wednesday. Noble Energy Inc. has a 12 month low of $22.99 and a 12 month high of $42.03. The firm’s 50-day moving average is $27.44 and its 200-day moving average is $28.20. The company’s market cap is $13.15 billion.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $961.61 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Noble Energy Inc. will post ($0.14) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 3rd. Noble Energy’s payout ratio is -10.03%.
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Several research firms have commented on NBL. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 price target on shares of Noble Energy in a report on Thursday, July 20th. Scotiabank set a $38.00 target price on Noble Energy and gave the stock a “hold” rating in a report on Thursday, August 3rd. Citigroup Inc. dropped their target price on Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, July 21st. Cowen and Company set a $35.00 target price on Noble Energy and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, BMO Capital Markets set a $37.00 target price on Noble Energy and gave the stock a “buy” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Noble Energy currently has a consensus rating of “Buy” and a consensus target price of $40.76.
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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