Rothschild Capital Partners LLC Acquires Shares of 66,930 Noble Energy Inc. (NBL)
Rothschild Capital Partners LLC purchased a new stake in shares of Noble Energy Inc. (NYSE:NBL) during the second quarter, Holdings Channel reports. The firm purchased 66,930 shares of the oil and gas development company’s stock, valued at approximately $2,401,000. Noble Energy comprises 1.3% of Rothschild Capital Partners LLC’s investment portfolio, making the stock its 29th largest position.
Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Noble Energy during the fourth quarter valued at about $98,138,000. Wellington Management Group LLP increased its stake in Noble Energy by 60.6% in the first quarter. Wellington Management Group LLP now owns 4,684,149 shares of the oil and gas development company’s stock valued at $147,129,000 after buying an additional 1,767,615 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Noble Energy by 15.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 10,541,323 shares of the oil and gas development company’s stock valued at $331,103,000 after buying an additional 1,377,137 shares during the period. State Street Corp increased its stake in Noble Energy by 3.0% in the first quarter. State Street Corp now owns 22,085,356 shares of the oil and gas development company’s stock valued at $693,709,000 after buying an additional 650,673 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in Noble Energy by 709.9% in the first quarter. 1832 Asset Management L.P. now owns 278,600 shares of the oil and gas development company’s stock valued at $14,432,000 after buying an additional 244,200 shares during the period. Institutional investors own 93.85% of the company’s stock.
Noble Energy Inc. (NYSE:NBL) traded down 1.31% during trading on Tuesday, reaching $33.10. The company had a trading volume of 2,189,151 shares. The firm’s market capitalization is $14.23 billion. The firm’s 50 day moving average price is $34.89 and its 200 day moving average price is $34.83. Noble Energy Inc. has a 12-month low of $23.77 and a 12-month high of $39.85.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Wednesday, August 3rd. The oil and gas development company reported ($0.24) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. Noble Energy had a negative net margin of 90.52% and a negative return on equity of 2.16%. The business earned $847 million during the quarter, compared to analyst estimates of $909.36 million. During the same period last year, the business posted $0.26 earnings per share. Noble Energy’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts forecast that Noble Energy Inc. will post ($1.09) EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 22nd. Shareholders of record on Monday, August 8th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.40 annualized dividend and a yield of 1.21%. Noble Energy’s dividend payout ratio (DPR) is presently -5.88%.
Several research firms recently weighed in on NBL. Johnson Rice reissued a “buy” rating and set a $21.00 price objective (up previously from $19.00) on shares of Noble Energy in a report on Thursday, September 15th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Noble Energy in a report on Monday, July 18th. Barclays PLC reissued a “buy” rating on shares of Noble Energy in a report on Sunday, July 17th. Deutsche Bank AG reissued a “buy” rating on shares of Noble Energy in a report on Sunday, July 10th. Finally, Citigroup Inc. raised Noble Energy from a “neutral” rating to a “buy” rating in a report on Thursday, July 7th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $41.10.
In other Noble Energy news, Director Thomas J. Edelman sold 12,000 shares of the firm’s stock in a transaction dated Friday, June 24th. The shares were 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 in the company, valued at $106,427,198.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey L. Berenson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $34.05, for a total transaction of $340,500.00. Following the completion of the sale, the director now owns 82,269 shares of the company’s stock, valued at $2,801,259.45. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by company insiders.
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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