UMB Bank N A MO Sells 2,100 Shares of Noble Energy Inc. (NYSE:NBL)
UMB Bank N A MO decreased its position in Noble Energy Inc. (NYSE:NBL) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,007 shares of the oil and gas development company’s stock after selling 2,100 shares during the period. UMB Bank N A MO’s holdings in Noble Energy were worth $679,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of NBL. Fifth Third Bancorp raised its position in Noble Energy by 5.5% in the first quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock worth $100,000 after buying an additional 153 shares in the last quarter. Private Advisor Group LLC acquired a new position in Noble Energy during the first quarter worth about $132,000. Harbour Capital Advisors LLC acquired a new position in Noble Energy during the first quarter worth about $136,000. Global X Management Co. LLC raised its position in Noble Energy by 30.1% in the first quarter. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company’s stock worth $196,000 after buying an additional 1,319 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in Noble Energy during the first quarter worth about $201,000. 96.94% of the stock is owned by institutional investors.
Shares of Noble Energy Inc. (NYSE NBL) opened at 24.65 on Friday. The firm’s 50-day moving average is $27.74 and its 200 day moving average is $32.28. The firm’s market cap is $11.63 billion. Noble Energy Inc. has a 52 week low of $24.63 and a 52 week high of $42.03.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.18. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.24) EPS. Equities research analysts forecast that Noble Energy Inc. will post ($0.14) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, August 3rd. Noble Energy’s dividend payout ratio (DPR) is presently -9.90%.
A number of equities analysts have issued reports on NBL shares. Bank of America Corporation raised shares of Noble Energy from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $53.00 to $49.00 in a research report on Thursday, May 11th. Jefferies Group LLC set a $40.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Credit Suisse Group reissued a “buy” rating and set a $44.00 price target on shares of Noble Energy in a research report on Thursday, April 27th. Royal Bank Of Canada reissued a “buy” rating and set a $48.00 price target on shares of Noble Energy in a research report on Tuesday, April 25th. Finally, Cowen and Company set a $45.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Noble Energy presently has a consensus rating of “Buy” and a consensus target price of $41.48.
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.
Want to see what other hedge funds are holding NBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Energy Inc. (NYSE:NBL).
Receive News & Ratings for Noble Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.