Nikko Asset Management Americas Inc. Acquires 19,400 Shares of Noble Energy Inc. (NBL)
Nikko Asset Management Americas Inc. raised its position in Noble Energy Inc. (NYSE:NBL) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 603,700 shares of the oil and gas development company’s stock after buying an additional 19,400 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Noble Energy were worth $17,085,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of NBL. Fifth Third Bancorp boosted its position in shares of 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 during the period. Private Advisor Group LLC acquired a new position in shares of Noble Energy during the first quarter worth $132,000. Harbour Capital Advisors LLC acquired a new position in shares of Noble Energy during the first quarter worth $136,000. Global X Management Co. LLC boosted its position in shares of 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 during the period. Finally, Highbridge Capital Management LLC acquired a new position in shares of Noble Energy during the first quarter worth $201,000. 86.57% of the stock is owned by institutional investors and hedge funds.
Noble Energy Inc. (NYSE NBL) opened at 23.02 on Friday. Noble Energy Inc. has a one year low of $23.01 and a one year high of $42.03. The firm has a 50 day moving average of $27.28 and a 200-day moving average of $31.82. The firm’s market cap is $10.87 billion.
Noble Energy (NYSE:NBL) last posted its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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%. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.24) earnings per share. Equities research analysts forecast that Noble Energy Inc. will post ($0.14) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, August 3rd. Noble Energy’s dividend payout ratio is -9.90%.
A number of brokerages have recently weighed in on NBL. Bank of America Corporation began coverage on shares of Noble Energy in a research note on Tuesday, May 23rd. They set a “buy” rating and a $49.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price objective on shares of Noble Energy in a research note on Friday, May 26th. ValuEngine cut shares of Noble Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Barclays PLC raised their price objective on shares of Noble Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Finally, Scotiabank reissued a “hold” rating and set a $38.00 price objective on shares of Noble Energy in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $41.48.
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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