Prudential Financial Inc. Has $18.56 Million Position in Noble Energy Inc. (NBL)
Prudential Financial Inc. decreased its position in Noble Energy Inc. (NYSE:NBL) by 31.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 654,267 shares of the oil and gas development company’s stock after selling 303,832 shares during the quarter. Prudential Financial Inc. owned 0.14% of Noble Energy worth $18,555,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of NBL. American Century Companies Inc. raised its holdings in Noble Energy by 1.8% during the third quarter. American Century Companies Inc. now owns 8,404,332 shares of the oil and gas development company’s stock worth $238,347,000 after purchasing an additional 145,922 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in Noble Energy by 3.3% during the third quarter. State of Tennessee Treasury Department now owns 206,880 shares of the oil and gas development company’s stock worth $5,867,000 after purchasing an additional 6,590 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in Noble Energy by 6.9% during the third quarter. State of Wisconsin Investment Board now owns 401,438 shares of the oil and gas development company’s stock worth $11,385,000 after purchasing an additional 26,043 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Noble Energy by 7.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 71,969 shares of the oil and gas development company’s stock worth $2,041,000 after purchasing an additional 4,929 shares in the last quarter. Finally, Syntal Capital Partners LLC raised its holdings in Noble Energy by 102.9% during the third quarter. Syntal Capital Partners LLC now owns 16,059 shares of the oil and gas development company’s stock worth $455,000 after purchasing an additional 8,144 shares in the last quarter. 91.49% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $35.00 price objective on shares of Noble Energy in a report on Friday. Barclays PLC cut their price objective on shares of Noble Energy from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley raised their price objective on shares of Noble Energy from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Royal Bank Of Canada set a $37.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a report on Sunday, October 15th. Finally, BMO Capital Markets set a $33.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $40.64.
In other Noble Energy news, Director James E. Craddock sold 18,787 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total value of $536,744.59. Following the completion of the sale, the director now owns 114,226 shares of the company’s stock, valued at $3,263,436.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Edelman sold 300,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by company insiders.
Shares of Noble Energy Inc. (NBL) opened at $25.96 on Friday. Noble Energy Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $42.03. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $12,632.32, a price-to-earnings ratio of 108.17 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) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. During the same quarter last year, the company earned ($0.07) earnings per share. Noble Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. equities research analysts expect that Noble Energy Inc. will post -0.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, November 3rd. Noble Energy’s dividend payout ratio (DPR) is currently -10.03%.
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Noble Energy 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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