Tufton Capital Management held its position in Noble Energy Inc. (NYSE:NBL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,000 shares of the oil and gas development company’s stock at the end of the second quarter. Tufton Capital Management’s holdings in Noble Energy were worth $574,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Strs Ohio boosted its position in Noble Energy by 10.1% in the second quarter. Strs Ohio now owns 1,455,163 shares of the oil and gas development company’s stock worth $52,196,000 after buying an additional 133,449 shares during the last quarter. Rothschild Capital Partners LLC bought a new position in Noble Energy during the second quarter worth $2,401,000. RS Investment Management Co. LLC boosted its position in Noble Energy by 0.5% in the second quarter. RS Investment Management Co. LLC now owns 1,653,953 shares of the oil and gas development company’s stock worth $59,327,000 after buying an additional 7,758 shares during the last quarter. National Investment Services Inc. WI boosted its position in Noble Energy by 119.4% in the second quarter. National Investment Services Inc. WI now owns 85,122 shares of the oil and gas development company’s stock worth $3,053,000 after buying an additional 46,332 shares during the last quarter. Finally, Shell Asset Management Co. boosted its position in Noble Energy by 59.1% in the second quarter. Shell Asset Management Co. now owns 34,082 shares of the oil and gas development company’s stock worth $1,223,000 after buying an additional 12,666 shares during the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Noble Energy Inc. (NYSE:NBL) traded up 2.48% during midday trading on Wednesday, hitting $33.92. The company had a trading volume of 3,237,121 shares. The company has a 50-day moving average of $34.88 and a 200 day moving average of $34.82. Noble Energy Inc. has a 12 month low of $23.77 and a 12 month high of $39.85. The firm’s market capitalization is $14.59 billion.

Noble Energy (NYSE:NBL) last posted its earnings results on Wednesday, August 3rd. The oil and gas development company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.05. The company earned $847 million during the quarter, compared to analysts’ expectations of $909.36 million. Noble Energy had a negative return on equity of 2.16% and a negative net margin of 90.52%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. On average, analysts expect that Noble Energy Inc. will post ($1.09) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Shareholders of record on Monday, August 8th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, August 4th. This represents a $0.40 annualized dividend and a yield of 1.18%. Noble Energy’s dividend payout ratio (DPR) is -5.88%.

A number of research analysts have recently weighed in on the company. Johnson Rice reaffirmed a “buy” rating and set a $21.00 price objective (up from $19.00) on shares of Noble Energy in a research report on Thursday, September 15th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Noble Energy in a research note on Monday, July 18th. Barclays PLC reissued a “buy” rating on shares of Noble Energy in a research note on Sunday, July 17th. Deutsche Bank AG reissued a “buy” rating on shares of Noble Energy in a research note on Sunday, July 10th. Finally, Citigroup Inc. raised Noble Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $41.10.

In other news, Director Thomas J. Edelman sold 12,000 shares of Noble Energy stock in a transaction on Friday, June 24th. The stock was sold at an average price of $35.09, for a total value of $421,080.00. Following the completion of the sale, the director now directly owns 3,032,978 shares of the company’s stock, valued at $106,427,198.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey L. Berenson sold 10,000 shares of Noble Energy stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $34.05, for a total value of $340,500.00. Following the completion of the sale, the director now directly owns 82,269 shares of the company’s stock, valued at $2,801,259.45. The disclosure for this sale can be found here. Company insiders own 2.17% of the company’s stock.

Noble Energy Company Profile

Noble Energy, Inc is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs.

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