OxFORD Asset Management LLP Sells 13,945 Shares of Noble Energy Inc. (NBL)
OxFORD Asset Management LLP decreased its position in shares of Noble Energy Inc. (NYSE:NBL) by 23.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,324 shares of the oil and gas development company’s stock after selling 13,945 shares during the quarter. OxFORD Asset Management LLP’s holdings in Noble Energy were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in NBL. Beach Investment Management LLC. purchased a new stake in Noble Energy in the 2nd quarter valued at about $1,453,000. Global X Management Co. LLC raised its holdings in Noble Energy by 22.6% in the 2nd 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 buying an additional 1,291 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Noble Energy by 9.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,635,368 shares of the oil and gas development company’s stock valued at $46,281,000 after buying an additional 146,075 shares during the period. State of Wisconsin Investment Board raised its holdings in Noble Energy by 11.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 375,395 shares of the oil and gas development company’s stock valued at $10,624,000 after buying an additional 39,290 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Noble Energy by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,634,169 shares of the oil and gas development company’s stock valued at $102,846,000 after buying an additional 9,535 shares during the period. 94.16% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO David L. Stover acquired 19,000 shares of the stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of $26.31 per share, with a total value of $499,890.00. Following the completion of the transaction, the chief executive officer now owns 727,254 shares in the company, valued at approximately $19,134,052.74. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas J. Edelman sold 200,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $26.99, for a total value of $5,398,000.00. Following the transaction, the director now directly owns 2,952,878 shares of the company’s stock, valued at $79,698,177.22. The disclosure for this sale can be found here. Insiders have sold 518,787 shares of company stock worth $14,283,745 over the last quarter. Insiders own 2.28% of the company’s stock.
Several brokerages recently issued reports on NBL. Jefferies Group upgraded shares of Noble Energy from a “hold” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus set a $42.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a report on Monday. Seaport Global Securities upgraded shares of Noble Energy from a “neutral” rating to a “buy” rating in a report on Tuesday. Credit Suisse Group began coverage on shares of Noble Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $35.00 price objective on the stock. Finally, Imperial Capital began coverage on shares of Noble Energy in a report on Thursday, September 28th. They issued an “outperform” rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Noble Energy currently has an average rating of “Buy” and a consensus price target of $39.50.
Shares of Noble Energy Inc. (NYSE:NBL) opened at $27.23 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $12,792.91, a PE ratio of 109.54 and a beta of 1.16. Noble Energy Inc. has a one year low of $22.99 and a one year high of $40.89.
Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.11. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) earnings per share. sell-side analysts anticipate that Noble Energy Inc. will post -0.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.47%. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.
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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