Noble Energy, Inc. (NBL) Position Boosted by Jane Street Group LLC

Jane Street Group LLC lifted its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 279.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,484 shares of the oil and gas development company’s stock after buying an additional 47,484 shares during the period. Jane Street Group LLC’s holdings in Noble Energy were worth $1,209,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Noble Energy by 59.2% in the fourth quarter. Huntington National Bank now owns 1,430 shares of the oil and gas development company’s stock valued at $27,000 after acquiring an additional 532 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its stake in Noble Energy by 1.7% during the third quarter. Paradigm Asset Management Co. LLC now owns 35,930 shares of the oil and gas development company’s stock valued at $1,121,000 after purchasing an additional 600 shares during the last quarter. M&T Bank Corp lifted its stake in Noble Energy by 2.5% during the fourth quarter. M&T Bank Corp now owns 31,260 shares of the oil and gas development company’s stock valued at $587,000 after purchasing an additional 771 shares during the last quarter. BOKF NA lifted its stake in Noble Energy by 4.3% during the fourth quarter. BOKF NA now owns 19,160 shares of the oil and gas development company’s stock valued at $360,000 after purchasing an additional 794 shares during the last quarter. Finally, FDx Advisors Inc. lifted its stake in Noble Energy by 10.4% during the fourth quarter. FDx Advisors Inc. now owns 10,959 shares of the oil and gas development company’s stock valued at $206,000 after purchasing an additional 1,033 shares during the last quarter. 97.81% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:NBL traded down $0.28 during midday trading on Wednesday, reaching $27.58. 5,796,816 shares of the company’s stock were exchanged, compared to its average volume of 6,067,841. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 30.64 and a beta of 1.35. Noble Energy, Inc. has a 12 month low of $17.11 and a 12 month high of $37.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Tuesday, February 19th. The oil and gas development company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Noble Energy had a negative net margin of 1.32% and a positive return on equity of 3.93%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.32 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts forecast that Noble Energy, Inc. will post 0.14 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be issued a dividend of $0.12 per share. This is an increase from Noble Energy’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, May 3rd. Noble Energy’s dividend payout ratio (DPR) is currently 48.89%.

Several research firms recently commented on NBL. Morgan Stanley raised shares of Noble Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $37.00 to $33.00 in a research note on Wednesday, January 9th. Raymond James set a $32.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research report on Wednesday, January 23rd. UBS Group set a $34.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research report on Wednesday, February 20th. ValuEngine upgraded shares of Noble Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Mizuho upgraded shares of Noble Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $28.00 to $29.00 in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have assigned a buy rating to the company. Noble Energy currently has a consensus rating of “Buy” and an average price target of $38.92.

In other Noble Energy news, CFO Kenneth M. Fisher sold 16,564 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $22.89, for a total value of $379,149.96. Following the completion of the sale, the chief financial officer now owns 215,854 shares in the company, valued at approximately $4,940,898.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Craddock sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $23.62, for a total transaction of $212,580.00. The disclosure for this sale can be found here. Company insiders own 1.81% of the company’s stock.

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Noble Energy Profile

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. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.

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Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

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