Anchor Bolt Capital LP Has $85.27 Million Stake in Noble Energy Inc. (NBL)
Anchor Bolt Capital LP lowered its position in Noble Energy Inc. (NYSE:NBL) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,006,819 shares of the oil and gas development company’s stock after selling 84,741 shares during the quarter. Noble Energy accounts for approximately 3.5% of Anchor Bolt Capital LP’s investment portfolio, making the stock its 2nd largest position. Anchor Bolt Capital LP owned approximately 0.62% of Noble Energy worth $85,273,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. AMP Capital Investors Ltd boosted its holdings in Noble Energy by 3.2% in the third quarter. AMP Capital Investors Ltd now owns 124,748 shares of the oil and gas development company’s stock valued at $3,538,000 after acquiring an additional 3,900 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Noble Energy by 7.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 71,420 shares of the oil and gas development company’s stock valued at $2,026,000 after acquiring an additional 5,074 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Noble Energy by 2.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 153,479 shares of the oil and gas development company’s stock valued at $4,371,000 after acquiring an additional 3,100 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Noble Energy by 32.9% in the third quarter. Envestnet Asset Management Inc. now owns 46,684 shares of the oil and gas development company’s stock valued at $1,326,000 after acquiring an additional 11,555 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Noble Energy by 21.0% in the third quarter. Mackenzie Financial Corp now owns 1,764,326 shares of the oil and gas development company’s stock valued at $50,036,000 after acquiring an additional 306,662 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.
In other news, VP Gary W. Willingham bought 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average cost of $26.00 per share, for a total transaction of $780,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas J. Edelman sold 300,000 shares of the stock in a transaction on Monday, November 13th. The stock was 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 owned by company insiders.
Shares of Noble Energy Inc. (NYSE NBL) traded down $0.73 on Thursday, hitting $25.90. The company had a trading volume of 4,328,300 shares, compared to its average volume of 5,134,628. Noble Energy Inc. has a 12 month low of $22.99 and a 12 month high of $42.03. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The company has a market cap of $12,958.35, a PE ratio of 110.96 and a beta of 1.16.
Noble Energy (NYSE:NBL) last issued its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $961.61 million. During the same period last year, the business earned ($0.07) EPS. Noble Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. analysts anticipate that Noble Energy Inc. will post -0.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, November 3rd. Noble Energy’s dividend payout ratio is currently -10.03%.
Several analysts recently commented on NBL shares. BMO Capital Markets set a $33.00 target price on Noble Energy and gave the company a “buy” rating in a report on Tuesday, October 10th. Piper Jaffray Companies reduced their target price on Noble Energy from $47.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Morgan Stanley upped their target price on Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Barclays upped their target price on Noble Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Finally, Seaport Global Securities upgraded Noble Energy from a “sell” rating to a “neutral” rating and upped their target price for the company from $23.00 to $26.00 in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Noble Energy presently has a consensus rating of “Buy” and a consensus price target of $40.43.
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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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