Bessemer Group Inc. Has $2.50 Million Position in Noble Energy Inc. (NBL)
Bessemer Group Inc. decreased its stake in Noble Energy Inc. (NYSE:NBL) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,318 shares of the oil and gas development company’s stock after selling 3,234 shares during the period. Bessemer Group Inc.’s holdings in Noble Energy were worth $2,499,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Cambiar Investors LLC boosted its position in Noble Energy by 15.9% in the second quarter. Cambiar Investors LLC now owns 1,401,507 shares of the oil and gas development company’s stock valued at $39,663,000 after buying an additional 192,062 shares during the last quarter. CIBC Asset Management Inc boosted its position in Noble Energy by 1.5% in the second quarter. CIBC Asset Management Inc now owns 39,704 shares of the oil and gas development company’s stock valued at $1,124,000 after buying an additional 603 shares during the last quarter. Eagle Global Advisors LLC acquired a new position in Noble Energy during the second quarter valued at approximately $508,000. Harbour Capital Advisors LLC boosted its position in Noble Energy by 2,544.2% in the second quarter. Harbour Capital Advisors LLC now owns 104,710 shares of the oil and gas development company’s stock valued at $3,700,000 after buying an additional 100,750 shares during the last quarter. Finally, IBM Retirement Fund boosted its position in Noble Energy by 50.1% in the second quarter. IBM Retirement Fund now owns 7,142 shares of the oil and gas development company’s stock valued at $202,000 after buying an additional 2,384 shares during the last quarter. Institutional investors and hedge funds own 96.94% of the company’s stock.
Shares of Noble Energy Inc. (NYSE NBL) opened at 25.28 on Thursday. The company’s 50-day moving average price is $27.92 and its 200 day moving average price is $32.45. The stock’s market capitalization is $10.90 billion. Noble Energy Inc. has a one year low of $25.10 and a one year high of $42.03.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.18. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. Noble Energy’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Analysts anticipate that Noble Energy Inc. will post ($0.20) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, August 3rd. Noble Energy’s dividend payout ratio (DPR) is -9.90%.
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Several equities analysts recently commented on the company. Barclays PLC boosted their target price on Noble Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday. BMO Capital Markets set a $37.00 target price on Noble Energy and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Scotiabank set a $38.00 target price on Noble Energy and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Citigroup Inc. reduced their target price on Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $38.00 target price on shares of Noble Energy in a research report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $41.34.
Noble Energy Company Profile
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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