Noble Energy Inc. (NBL) Shares Sold by Dupont Capital Management Corp
Dupont Capital Management Corp reduced its holdings in shares of Noble Energy Inc. (NYSE:NBL) by 90.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,488 shares of the oil and gas development company’s stock after selling 51,285 shares during the quarter. Dupont Capital Management Corp’s holdings in Noble Energy were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in shares of Noble Energy during the second quarter valued at $106,000. Global X Management Co. LLC lifted its holdings in shares of Noble Energy by 22.6% during the second quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock valued at $198,000 after purchasing an additional 1,291 shares in the last quarter. IBM Retirement Fund lifted its holdings in shares of Noble Energy by 50.1% during 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 purchasing an additional 2,384 shares in the last quarter. IndexIQ Advisors LLC bought a new position in shares of Noble Energy during the second quarter valued at $214,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Noble Energy by 8.3% during the second quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock valued at $215,000 after purchasing an additional 580 shares in the last quarter. 91.49% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director James E. Craddock sold 18,787 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total transaction of $536,744.59. Following the completion of the sale, the director now owns 114,226 shares in the company, valued at $3,263,436.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.28% of the company’s stock.
A number of research analysts have recently issued reports on NBL shares. Cowen and Company set a $35.00 price target on Noble Energy and gave the company a “buy” rating in a report on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price target on shares of Noble Energy in a report on Thursday, July 20th. Citigroup Inc. lowered their price target on Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Scotiabank set a $38.00 price target on Noble Energy and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets set a $37.00 price target on Noble Energy and gave the company a “buy” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Noble Energy currently has a consensus rating of “Buy” and a consensus price target of $40.66.
Shares of Noble Energy Inc. (NYSE NBL) opened at $27.53 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. Noble Energy Inc. has a 1 year low of $22.99 and a 1 year high of $42.03. The stock has a market capitalization of $13,678.53, a PE ratio of 117.13 and a beta of 1.18.
Noble Energy (NYSE:NBL) last released its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.11. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The firm had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $961.61 million. During the same quarter last year, the business posted ($0.07) earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. analysts forecast that Noble Energy Inc. will post -0.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, November 3rd. Noble Energy’s dividend payout ratio is currently -10.03%.
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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