Several other research firms have also recently issued reports on NBL. TD Securities set a $43.00 target price on Noble Energy and gave the company a buy rating in a research note on Sunday, August 5th. Stifel Nicolaus set a $40.00 target price on Noble Energy and gave the company a buy rating in a research note on Friday, August 3rd. Royal Bank of Canada reissued a buy rating and set a $44.00 target price on shares of Noble Energy in a research note on Friday, August 3rd. Jefferies Financial Group set a $46.00 target price on Noble Energy and gave the company a buy rating in a research note on Tuesday, August 7th. Finally, Morgan Stanley set a $38.00 target price on Noble Energy and gave the company a hold rating in a research note on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $41.54.
Shares of Noble Energy stock opened at $23.74 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 76.58, a P/E/G ratio of 2.46 and a beta of 1.08. Noble Energy has a one year low of $23.49 and a one year high of $37.76.
The company also recently declared 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 was Friday, November 2nd. This represents a $0.44 annualized dividend and a yield of 1.85%. Noble Energy’s payout ratio is 141.94%.
In related news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the company’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 can be accessed through this hyperlink. 1.96% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of NBL. Advisors Preferred LLC purchased a new stake in Noble Energy in the second quarter worth $126,000. Whittier Trust Co. purchased a new stake in Noble Energy in the second quarter worth $163,000. Piedmont Investment Advisors LLC purchased a new stake in Noble Energy in the second quarter worth $200,000. Ingalls & Snyder LLC purchased a new stake in Noble Energy in the second quarter worth $202,000. Finally, Chicago Equity Partners LLC purchased a new stake in Noble Energy in the second quarter worth $204,000. 99.00% of the stock is currently owned by institutional investors.
About Noble Energy
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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