Dimensional Fund Advisors LP Increases Holdings in Noble Energy, Inc. (NBL)

Dimensional Fund Advisors LP raised its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 14.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,644,940 shares of the oil and gas development company’s stock after purchasing an additional 721,541 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Noble Energy were worth $176,071,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NBL. FMR LLC lifted its holdings in Noble Energy by 121.2% during the 3rd quarter. FMR LLC now owns 15,861,163 shares of the oil and gas development company’s stock valued at $494,709,000 after purchasing an additional 8,690,774 shares during the last quarter. Boston Partners acquired a new stake in Noble Energy during the 2nd quarter valued at $102,102,000. Artisan Partners Limited Partnership lifted its holdings in Noble Energy by 12.1% during the 2nd quarter. Artisan Partners Limited Partnership now owns 17,770,684 shares of the oil and gas development company’s stock valued at $626,950,000 after purchasing an additional 1,916,041 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in Noble Energy by 888.7% during the 2nd quarter. King Luther Capital Management Corp now owns 1,808,942 shares of the oil and gas development company’s stock valued at $63,819,000 after purchasing an additional 1,625,983 shares during the last quarter. Finally, BlueMountain Capital Management LLC acquired a new stake in Noble Energy during the 2nd quarter valued at $53,200,000. 99.00% of the stock is owned by institutional investors and hedge funds.

NBL stock opened at $23.74 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 76.58, a PEG ratio of 2.46 and a beta of 1.08. Noble Energy, Inc. has a fifty-two week low of $23.49 and a fifty-two week high of $37.76.

Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Thursday, November 1st. The oil and gas development company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Noble Energy had a return on equity of 4.82% and a net margin of 25.09%. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.02) EPS. As a group, equities analysts expect that Noble Energy, Inc. will post 0.99 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Monday, November 5th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.85%. The ex-dividend date was Friday, November 2nd. Noble Energy’s payout ratio is 141.94%.

In related news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the firm’s stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $17.75, for a total value of $250,935,264.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.96% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on NBL shares. Tudor Pickering raised Noble Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Stifel Nicolaus set a $46.00 price target on Noble Energy and gave the company a “buy” rating in a report on Thursday, November 1st. Raymond James raised Noble Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 7th. Cowen started coverage on Noble Energy in a report on Thursday. They set an “outperform” rating for the company. Finally, KLR Group reaffirmed a “buy” rating and set a $61.00 price target on shares of Noble Energy in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $41.54.

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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. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

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

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