Thompson Investment Management Inc. Has $3.65 Million Holdings in Noble Energy, Inc. (NBL)

Thompson Investment Management Inc. grew its stake in Noble Energy, Inc. (NYSE:NBL) by 10.9% in the first quarter, Holdings Channel reports. The institutional investor owned 147,669 shares of the oil and gas development company’s stock after buying an additional 14,456 shares during the quarter. Thompson Investment Management Inc.’s holdings in Noble Energy were worth $3,652,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Huntington National Bank lifted its position 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 worth $27,000 after buying an additional 532 shares during the last quarter. Pearl River Capital LLC acquired a new position in shares of Noble Energy during the 4th quarter worth about $30,000. Moody National Bank Trust Division acquired a new position in shares of Noble Energy during the 1st quarter worth about $31,000. Rational Advisors LLC lifted its position in shares of Noble Energy by 2,271.8% during the 4th quarter. Rational Advisors LLC now owns 1,684 shares of the oil and gas development company’s stock worth $32,000 after purchasing an additional 1,613 shares during the last quarter. Finally, Ayalon Holdings Ltd. acquired a new position in shares of Noble Energy during the 4th quarter worth about $33,000. 97.81% of the stock is owned by institutional investors.

In other news, Director James E. Craddock sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $23.62, for a total value of $212,580.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kenneth M. Fisher sold 16,564 shares of the company’s stock in a transaction that occurred on 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 $4,940,898.06. The disclosure for this sale can be found here. Insiders own 1.81% of the company’s stock.

NBL has been the subject of several research analyst reports. UBS Group set a $34.00 price objective on Noble Energy and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Barclays set a $27.00 price objective on Noble Energy and gave the stock a “sell” rating in a research report on Wednesday, January 16th. Morgan Stanley raised Noble Energy from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $37.00 to $33.00 in a research report on Wednesday, January 9th. Raymond James set a $32.00 price objective on Noble Energy and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Finally, Mizuho raised Noble Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $28.00 to $29.00 in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $38.92.

NBL traded down $0.28 on Wednesday, hitting $27.58. 5,882,758 shares of the stock traded hands, compared to its average volume of 6,067,794. Noble Energy, Inc. has a 52 week low of $17.11 and a 52 week high of $37.76. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 30.64 and a beta of 1.35.

Noble Energy (NYSE:NBL) last issued 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 positive return on equity of 3.93% and a negative net margin of 1.32%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. Equities research analysts expect 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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.74%. This is a positive change from Noble Energy’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, May 3rd. Noble Energy’s payout ratio is currently 48.89%.

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Noble Energy Company 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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