American International Group Inc. Has $4.96 Million Position in Noble Energy Inc. (NBL)
American International Group Inc. cut its position in Noble Energy Inc. (NYSE:NBL) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,957 shares of the oil and gas development company’s stock after selling 13,364 shares during the quarter. American International Group Inc.’s holdings in Noble Energy were worth $4,962,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of Noble Energy in the second quarter valued at $106,000. Massey Quick Simon & CO. LLC bought a new position in shares of Noble Energy in the third quarter valued at $155,000. Global X Management Co. LLC grew its stake in shares of Noble Energy by 22.6% in the second quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock valued at $198,000 after buying an additional 1,291 shares in the last quarter. IndexIQ Advisors LLC bought a new position in shares of Noble Energy in the second quarter valued at $214,000. Finally, Pacer Advisors Inc. grew its stake in shares of Noble Energy by 8.3% in the second quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock valued at $215,000 after buying an additional 580 shares in the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on NBL. Barclays raised their target price on shares of Noble Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Jefferies Group cut shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research note on Monday, October 9th. BMO Capital Markets set a $33.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies reissued a “buy” rating on shares of Noble Energy in a research note on Sunday, August 20th. Finally, Royal Bank Of Canada set a $37.00 price target on Noble Energy and gave the company a “buy” rating in a report on Sunday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Noble Energy has an average rating of “Buy” and an average price target of $40.60.
In related news, VP Gary W. Willingham purchased 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was acquired at an average price of $26.00 per share, with a total value of $780,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Craddock sold 18,787 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total value of $536,744.59. Following the completion of the transaction, the director now directly owns 114,226 shares of the company’s stock, valued at approximately $3,263,436.82. The disclosure for this sale can be found here. 2.28% of the stock is owned by insiders.
Noble Energy Inc. (NYSE NBL) traded down $0.16 on Tuesday, hitting $26.84. The stock had a trading volume of 4,080,700 shares, compared to its average volume of 5,142,619. Noble Energy Inc. has a 12 month low of $22.99 and a 12 month high of $42.03. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $13,138.40, a P/E ratio of 112.50 and a beta of 1.16.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.11. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. Noble Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. sell-side analysts expect that Noble Energy Inc. will post -0.05 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Friday, November 3rd. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.
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Noble Energy Company Profile
Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.
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