Raymond James Financial Services Advisors Inc. Takes Position in Noble Energy, Inc. (NBL)

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Raymond James Financial Services Advisors Inc. purchased a new position in Noble Energy, Inc. (NYSE:NBL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,854 shares of the oil and gas development company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D lifted its position in shares of Noble Energy by 17.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 238,300 shares of the oil and gas development company’s stock valued at $8,407,000 after buying an additional 35,300 shares during the last quarter. BP PLC lifted its position in shares of Noble Energy by 5.2% during the second quarter. BP PLC now owns 61,000 shares of the oil and gas development company’s stock valued at $2,152,000 after buying an additional 3,000 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Noble Energy by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 729,518 shares of the oil and gas development company’s stock valued at $25,737,000 after buying an additional 3,098 shares during the last quarter. Cypress Asset Management Inc. TX lifted its position in shares of Noble Energy by 44.3% during the second quarter. Cypress Asset Management Inc. TX now owns 14,726 shares of the oil and gas development company’s stock valued at $520,000 after buying an additional 4,524 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Noble Energy during the second quarter valued at about $200,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

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

Shares of Noble Energy stock opened at $29.08 on Friday. The company has a market capitalization of $14.41 billion, a P/E ratio of 93.81, a P/E/G ratio of 2.96 and a beta of 1.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.58. Noble Energy, Inc. has a 52 week low of $24.28 and a 52 week high of $37.76.

Noble Energy (NYSE:NBL) last announced its quarterly earnings data 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 analysts’ expectations of $1.15 billion. Noble Energy had a net margin of 19.01% and a return on equity of 2.89%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. analysts expect that Noble Energy, Inc. will post 1.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 20th. Investors of record on Monday, August 6th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, August 3rd. Noble Energy’s payout ratio is currently 141.94%.

NBL has been the subject of several analyst reports. Stifel Nicolaus set a $40.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research report on Friday, August 3rd. Royal Bank of Canada reissued a “buy” rating and set a $44.00 price target on shares of Noble Energy in a research report on Friday, August 3rd. Mizuho initiated coverage on shares of Noble Energy in a research report on Monday, July 23rd. They set a “buy” rating and a $51.00 price target for the company. Bank of America initiated coverage on shares of Noble Energy in a research report on Tuesday, July 10th. They set a “buy” rating and a $59.00 price target for the company. Finally, TD Securities initiated coverage on shares of Noble Energy in a research report on Thursday, July 5th. They set a “buy” rating and a $45.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $41.75.

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.

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

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