Ibex Investors LLC increased its position in shares of Noble Energy, Inc. (NYSE:NBL) by 30.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600,000 shares of the oil and gas development company’s stock after purchasing an additional 140,000 shares during the period. Noble Energy accounts for 1.3% of Ibex Investors LLC’s portfolio, making the stock its 6th largest holding. Ibex Investors LLC’s holdings in Noble Energy were worth $14,838,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Noble Energy by 5.8% in the fourth quarter. Legal & General Group Plc now owns 2,442,745 shares of the oil and gas development company’s stock valued at $45,787,000 after buying an additional 134,069 shares during the last quarter. Gotham Asset Management LLC purchased a new position in Noble Energy during the fourth quarter worth about $297,000. RNC Capital Management LLC boosted its stake in Noble Energy by 73.1% during the first quarter. RNC Capital Management LLC now owns 179,898 shares of the oil and gas development company’s stock worth $4,449,000 after buying an additional 75,975 shares during the period. Guinness Asset Management Ltd boosted its stake in Noble Energy by 15.5% during the fourth quarter. Guinness Asset Management Ltd now owns 373,525 shares of the oil and gas development company’s stock worth $7,007,000 after buying an additional 50,000 shares during the period. Finally, Advisor Partners LLC purchased a new position in Noble Energy during the first quarter worth about $271,000. Hedge funds and other institutional investors own 98.57% of the company’s stock.
In related news, Director James E. Craddock sold 9,000 shares of Noble Energy stock in a transaction on Tuesday, March 5th. The shares were 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 is available through the SEC website. Company insiders own 1.81% of the company’s stock.
Noble Energy (NYSE:NBL) last announced its earnings results on Friday, May 3rd. The oil and gas development company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1 billion. Noble Energy had a positive return on equity of 2.05% and a negative net margin of 19.63%. The business’s revenue was down 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. As a group, equities research analysts forecast that Noble Energy, Inc. will post 0.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from Noble Energy’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.00%. Noble Energy’s dividend payout ratio (DPR) is 53.33%.
Several research analysts have recently commented on the stock. Mitsubishi UFJ Financial Group lowered their price objective on shares of Noble Energy to $34.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. TD Securities reduced their target price on shares of Noble Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, May 6th. ValuEngine cut shares of Noble Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Barclays raised shares of Noble Energy from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $26.00 to $33.00 in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. raised shares of Noble Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $28.00 to $32.00 in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. Noble Energy presently has an average rating of “Buy” and an average target price of $38.19.
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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