Noble Energy Inc. (NBL) Shares Bought by Bridgewater Associates LP
Bridgewater Associates LP increased its stake in Noble Energy Inc. (NYSE:NBL) by 1.3% during the first quarter, Holdings Channel reports. The institutional investor owned 107,164 shares of the oil and gas development company’s stock after buying an additional 1,402 shares during the period. Bridgewater Associates LP’s holdings in Noble Energy were worth $3,680,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its position in Noble Energy by 4.3% in the first quarter. FMR LLC now owns 8,709,858 shares of the oil and gas development company’s stock valued at $299,097,000 after buying an additional 358,456 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Noble Energy by 1.8% in the first quarter. Jennison Associates LLC now owns 8,059,455 shares of the oil and gas development company’s stock valued at $276,762,000 after buying an additional 142,417 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Noble Energy by 3.5% in the first quarter. American Century Companies Inc. now owns 7,189,889 shares of the oil and gas development company’s stock valued at $246,901,000 after buying an additional 240,712 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Noble Energy by 22.6% in the first quarter. Artisan Partners Limited Partnership now owns 6,663,944 shares of the oil and gas development company’s stock valued at $228,840,000 after buying an additional 1,227,939 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Noble Energy during the fourth quarter valued at approximately $116,738,000. Institutional investors and hedge funds own 97.42% of the company’s stock.
Shares of Noble Energy Inc. (NYSE:NBL) traded up 2.47% on Monday, hitting $29.84. 4,126,217 shares of the stock traded hands. The firm’s market cap is $12.86 billion. Noble Energy Inc. has a 52 week low of $27.92 and a 52 week high of $42.03. The stock has a 50-day moving average price of $30.88 and a 200 day moving average price of $35.58.
Noble Energy (NYSE:NBL) last issued its earnings results on Monday, May 1st. The oil and gas development company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $974.54 million. Noble Energy had a negative net margin of 17.75% and a negative return on equity of 0.44%. The firm’s revenue was up 43.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.53) EPS. Equities research analysts predict that Noble Energy Inc. will post ($0.01) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 8th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, May 4th. Noble Energy’s payout ratio is -25.48%.
Several analysts recently commented on NBL shares. Scotiabank reaffirmed a “hold” rating and set a $46.00 price objective on shares of Noble Energy in a research note on Tuesday, February 14th. Credit Suisse Group reaffirmed a “buy” rating and set a $46.00 price objective on shares of Noble Energy in a research note on Wednesday, February 15th. KLR Group raised their price objective on Noble Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, February 16th. Wunderlich reaffirmed a “buy” rating and set a $53.00 price objective on shares of Noble Energy in a research note on Thursday, February 16th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $47.00 price target on shares of Noble Energy in a research note on Friday, March 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $44.53.
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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