Renaissance Technologies LLC raised its stake in shares of Noble Energy, Inc. (NYSE:NBL) by 26.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,077 shares of the oil and gas development company’s stock after buying an additional 62,600 shares during the period. Renaissance Technologies LLC’s holdings in Noble Energy were worth $11,345,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of NBL. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Noble Energy during the fourth quarter valued at about $212,000. Wetherby Asset Management Inc. raised its stake in shares of Noble Energy by 4.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 6,085 shares of the oil and gas development company’s stock valued at $232,000 after buying an additional 249 shares during the period. Pacer Advisors Inc. raised its stake in shares of Noble Energy by 8.0% in the third quarter. Pacer Advisors Inc. now owns 6,838 shares of the oil and gas development company’s stock valued at $244,000 after buying an additional 507 shares during the period. Buckingham Asset Management LLC raised its stake in shares of Noble Energy by 7.5% in the third quarter. Buckingham Asset Management LLC now owns 6,845 shares of the oil and gas development company’s stock valued at $245,000 after buying an additional 479 shares during the period. Finally, Aveo Capital Partners LLC purchased a new stake in shares of Noble Energy during the fourth quarter valued at about $277,000. 93.79% of the stock is owned by institutional investors.
Noble Energy, Inc. (NYSE:NBL) opened at 33.86 on Monday. The stock’s market cap is $14.63 billion. Noble Energy, Inc. has a one year low of $28.82 and a one year high of $42.03. The company’s 50-day moving average price is $37.11 and its 200-day moving average price is $36.94.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Monday, February 13th. The oil and gas development company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.36. The firm earned $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Noble Energy had a negative return on equity of 2.51% and a negative net margin of 28.59%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. Analysts forecast that Noble Energy, Inc. will post ($0.15) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 21st. Stockholders of record on Monday, February 6th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. Noble Energy’s payout ratio is -17.24%.
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Several equities research analysts have issued reports on the company. Credit Suisse Group AG reaffirmed a “buy” rating and set a $46.00 price target on shares of Noble Energy in a research note on Monday, December 19th. Barclays PLC dropped their price target on Noble Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. Mizuho lifted their price target on Noble Energy from $37.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, January 18th. KLR Group reaffirmed a “buy” rating and set a $67.00 price target (up previously from $55.00) on shares of Noble Energy in a research note on Wednesday, December 7th. Finally, Vetr lowered Noble Energy from a “buy” rating to a “hold” rating and set a $41.00 price target for the company. in a research note on Tuesday, December 13th. Six research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.28.
In other news, CEO David L. Stover sold 48,610 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $39.63, for a total transaction of $1,926,414.30. Following the completion of the transaction, the chief executive officer now owns 549,565 shares in the company, valued at $21,779,260.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey L. Berenson sold 23,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $34.27, for a total value of $788,210.00. Following the transaction, the director now owns 51,803 shares of the company’s stock, valued at approximately $1,775,288.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,610 shares of company stock valued at $3,210,754. Company insiders own 2.17% of the company’s stock.
About Noble Energy
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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