Noble Energy, Inc. (NBL) Holdings Lifted by Great West Life Assurance Co. Can

Share on StockTwits

Great West Life Assurance Co. Can boosted its holdings in Noble Energy, Inc. (NYSE:NBL) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 346,350 shares of the oil and gas development company’s stock after buying an additional 2,557 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of Noble Energy worth $12,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Management Co. LLC grew its holdings in shares of Noble Energy by 32.6% during the 1st quarter. Global X Management Co. LLC now owns 9,550 shares of the oil and gas development company’s stock worth $289,000 after purchasing an additional 2,349 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Noble Energy by 1.7% during the 1st quarter. Rhumbline Advisers now owns 883,830 shares of the oil and gas development company’s stock worth $26,780,000 after purchasing an additional 14,768 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Noble Energy by 8.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,383,039 shares of the oil and gas development company’s stock worth $41,906,000 after purchasing an additional 104,750 shares in the last quarter. Westpac Banking Corp grew its holdings in shares of Noble Energy by 75.7% during the 1st quarter. Westpac Banking Corp now owns 40,362 shares of the oil and gas development company’s stock worth $1,223,000 after purchasing an additional 17,393 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Noble Energy by 3.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 349,782 shares of the oil and gas development company’s stock worth $10,354,000 after purchasing an additional 11,852 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors.

Shares of NBL stock opened at $29.83 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $14.36 billion, a P/E ratio of 42.46, a P/E/G ratio of 2.95 and a beta of 1.01. Noble Energy, Inc. has a one year low of $24.28 and a one year high of $37.76.

Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Friday, August 3rd. The oil and gas development company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.05). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.15 billion. Noble Energy had a net margin of 19.01% and a return on equity of 2.89%. Noble Energy’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. research analysts expect that Noble Energy, Inc. will post 1.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 20th. Shareholders of record on Monday, August 6th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Friday, August 3rd. Noble Energy’s dividend payout ratio is currently 141.94%.

Several brokerages have recently weighed in on NBL. Mizuho lowered Noble Energy from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Monday, August 6th. Jefferies Financial Group set a $46.00 price objective on Noble Energy and gave the stock a “buy” rating in a report on Tuesday, August 7th. ValuEngine raised Noble Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Royal Bank of Canada reissued a “buy” rating and set a $44.00 price objective on shares of Noble Energy in a report on Friday, August 3rd. Finally, TD Securities began coverage on Noble Energy in a report on Thursday, July 5th. They set a “buy” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.75.

In other Noble Energy news, major shareholder Nbl Midstream, Llc sold 7,475,000 shares of the business’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of $18.03, for a total value of $134,774,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Gary W. Willingham sold 24,646 shares of the business’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $37.50, for a total value of $924,225.00. Following the completion of the transaction, the vice president now directly owns 194,640 shares in the company, valued at approximately $7,299,000. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by insiders.

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. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

See Also: Earnings Per Share

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

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.

Leave a Reply