KeyCorp initiated coverage on shares of Noble Energy (NYSE:NBL) in a report released on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a sector weight rating on the oil and gas development company’s stock.
A number of other equities research analysts also recently weighed in on the company. UBS Group set a $34.00 price objective on Noble Energy and gave the company a buy rating in a research report on Thursday, May 16th. TD Securities decreased their target price on Noble Energy from $33.00 to $32.00 and set a buy rating for the company in a research report on Monday, May 6th. Mitsubishi UFJ Financial Group decreased their target price on Noble Energy to $34.00 and set an overweight rating for the company in a research report on Monday, May 6th. Barclays raised Noble Energy from an underweight rating to an equal weight rating and upped their target price for the company from $26.00 to $33.00 in a research report on Tuesday, April 30th. Finally, ValuEngine cut Noble Energy from a hold rating to a sell rating in a research report on Saturday, May 4th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $37.07.
NBL traded up $1.50 during trading on Wednesday, reaching $21.88. 12,090,193 shares of the company’s stock were exchanged, compared to its average volume of 4,186,783. The stock has a fifty day moving average price of $21.44. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. Noble Energy has a one year low of $17.11 and a one year high of $33.50. The stock has a market capitalization of $10.46 billion, a PE ratio of 24.31 and a beta of 1.41.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 5th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, August 2nd. Noble Energy’s dividend payout ratio is currently 53.33%.
Institutional investors have recently made changes to their positions in the stock. NuWave Investment Management LLC boosted its stake in Noble Energy by 719.3% in the 2nd quarter. NuWave Investment Management LLC now owns 1,147 shares of the oil and gas development company’s stock worth $26,000 after purchasing an additional 1,007 shares in the last quarter. Moody National Bank Trust Division purchased a new stake in shares of Noble Energy during the 1st quarter valued at about $31,000. Truvestments Capital LLC purchased a new stake in shares of Noble Energy during the 1st quarter valued at about $47,000. Investors Research Corp purchased a new stake in shares of Noble Energy during the 1st quarter valued at about $75,000. Finally, Quadrant Capital Group LLC increased its position in shares of Noble Energy by 1,500.5% during the 1st quarter. Quadrant Capital Group LLC now owns 3,281 shares of the oil and gas development company’s stock valued at $76,000 after purchasing an additional 3,076 shares during the last quarter. 99.00% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Article: How do candlesticks reflect price movement?
Receive News & Ratings for Noble Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy and related companies with MarketBeat.com's FREE daily email newsletter.