Korea Investment CORP boosted its position in shares of Noble Energy, Inc. (NYSE:NBL) by 225.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 358,887 shares of the oil and gas development company’s stock after purchasing an additional 248,516 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Noble Energy worth $11,194,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Noble Energy by 4.5% during the third quarter. State of Alaska Department of Revenue now owns 112,759 shares of the oil and gas development company’s stock worth $3,515,000 after purchasing an additional 4,867 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Noble Energy by 29.3% in the third quarter. Bank of Montreal Can now owns 216,958 shares of the oil and gas development company’s stock worth $6,767,000 after acquiring an additional 49,206 shares during the last quarter. Putnam Investments LLC raised its holdings in shares of Noble Energy by 28.1% in the second quarter. Putnam Investments LLC now owns 151,413 shares of the oil and gas development company’s stock worth $5,342,000 after acquiring an additional 33,248 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Noble Energy by 1.6% in the second quarter. American Century Companies Inc. now owns 7,460,070 shares of the oil and gas development company’s stock worth $263,191,000 after acquiring an additional 119,166 shares during the last quarter. Finally, CIBC World Markets Inc. raised its holdings in shares of Noble Energy by 50.0% in the second quarter. CIBC World Markets Inc. now owns 19,206 shares of the oil and gas development company’s stock worth $678,000 after acquiring an additional 6,404 shares during the last quarter. Institutional investors own 99.00% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Mizuho cut Noble Energy from a “buy” rating to a “neutral” rating and set a $40.00 price target for the company. in a report on Monday, August 6th. TD Securities set a $43.00 price target on Noble Energy and gave the stock a “buy” rating in a report on Sunday, August 5th. Jefferies Financial Group set a $46.00 price target on Noble Energy and gave the stock a “buy” rating in a report on Tuesday, August 7th. Morgan Stanley set a $38.00 price target on Noble Energy and gave the stock a “hold” rating in a report on Friday, October 12th. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Noble Energy in a report on Friday, September 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $41.54.
Noble Energy stock opened at $23.74 on Friday. The firm has a market capitalization of $11.39 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08. Noble Energy, Inc. has a 52 week low of $23.49 and a 52 week high of $37.76. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.
Noble Energy (NYSE:NBL) last released its earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.09. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.16 billion. Noble Energy had a return on equity of 4.82% and a net margin of 25.09%. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) earnings per share. Research analysts predict that Noble Energy, Inc. will post 0.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Monday, November 5th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $0.44 annualized dividend and a yield of 1.85%. Noble Energy’s payout ratio is currently 141.94%.
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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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