Noble Energy, Inc. (NBL) Shares Bought by Twin Tree Management LP
Twin Tree Management LP increased its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 60,547.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,984 shares of the oil and gas development company’s stock after purchasing an additional 110,801 shares during the quarter. Twin Tree Management LP’s holdings in Noble Energy were worth $3,462,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. CI Investments Inc. lifted its stake in shares of Noble Energy by 0.6% in the 3rd quarter. CI Investments Inc. now owns 525,050 shares of the oil and gas development company’s stock valued at $16,376,000 after purchasing an additional 2,950 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Noble Energy by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,305,959 shares of the oil and gas development company’s stock valued at $134,301,000 after purchasing an additional 40,955 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Noble Energy by 13.8% in the 3rd quarter. Janus Henderson Group PLC now owns 3,760,993 shares of the oil and gas development company’s stock valued at $117,305,000 after purchasing an additional 456,383 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Noble Energy by 150.2% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 80,828 shares of the oil and gas development company’s stock valued at $2,521,000 after purchasing an additional 48,528 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Noble Energy by 1.0% in the 3rd quarter. Sei Investments Co. now owns 2,825,841 shares of the oil and gas development company’s stock valued at $88,150,000 after purchasing an additional 27,607 shares during the last quarter. Hedge funds and other institutional investors own 99.00% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Mizuho downgraded Noble Energy from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a report on Monday, August 6th. Jefferies Financial Group set a $46.00 price target on Noble Energy and gave the stock a “buy” rating in a report on Tuesday, August 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $44.00 price target on shares of Noble Energy in a report on Friday, August 3rd. Citigroup reduced their price target on Noble Energy from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of Noble Energy in a report on Friday, September 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Noble Energy presently has a consensus rating of “Buy” and a consensus price target of $41.80.
NBL opened at $24.94 on Tuesday. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 80.45, a PEG ratio of 2.47 and a beta of 1.08. Noble Energy, Inc. has a 52 week low of $23.83 and a 52 week high of $37.76. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Thursday, November 1st. The oil and gas development company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.16 billion. Noble Energy had a return on equity of 4.82% and a net margin of 25.09%. Noble Energy’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the business posted ($0.02) EPS. On average, equities research analysts forecast that Noble Energy, Inc. will post 1.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Monday, November 5th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $0.44 annualized dividend and a yield of 1.76%. Noble Energy’s payout ratio is currently 141.94%.
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About Noble Energy
Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.
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