Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,200 shares of the oil and gas development company’s stock after acquiring an additional 10,300 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Noble Energy were worth $8,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Colony Group LLC grew its holdings in Noble Energy by 131.9% during the 2nd quarter. Colony Group LLC now owns 100,998 shares of the oil and gas development company’s stock worth $3,563,000 after acquiring an additional 57,453 shares in the last quarter. Paloma Partners Management Co grew its holdings in Noble Energy by 185.0% during the 2nd quarter. Paloma Partners Management Co now owns 54,359 shares of the oil and gas development company’s stock worth $1,918,000 after acquiring an additional 35,286 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Noble Energy by 67.4% in the 2nd quarter. Macquarie Group Ltd. now owns 374,189 shares of the oil and gas development company’s stock valued at $13,201,000 after buying an additional 150,650 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Noble Energy by 28.8% in the 2nd quarter. Sterling Capital Management LLC now owns 149,568 shares of the oil and gas development company’s stock valued at $5,277,000 after buying an additional 33,404 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Noble Energy by 588.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 72,240 shares of the oil and gas development company’s stock valued at $2,549,000 after buying an additional 61,750 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

A number of research firms have recently weighed in on NBL. Mizuho cut shares of Noble Energy from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a report on Monday, August 6th. Jefferies Financial Group set a $46.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Tuesday, August 7th. Royal Bank of Canada restated a “buy” rating and issued a $44.00 price target on shares of Noble Energy in a report on Friday, August 3rd. TD Securities began coverage on shares of Noble Energy in a report on Thursday, July 5th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Sanford C. Bernstein upgraded shares of Noble Energy from an “underperform” rating to a “market perform” rating and lowered their price target for the company from $37.67 to $22.99 in a report on Tuesday, June 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.75.

NBL stock opened at $29.38 on Friday. The company has a market capitalization of $14.14 billion, a P/E ratio of 94.77, a P/E/G ratio of 2.90 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 released its earnings results on Friday, August 3rd. The oil and gas development company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 2.89% and a net margin of 19.01%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business earned $0.05 earnings per share. equities research analysts forecast that Noble Energy, Inc. will post 1.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 20th. Investors 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 1.50%. The ex-dividend date of this dividend was Friday, August 3rd. Noble Energy’s dividend payout ratio (DPR) is presently 141.94%.

In related news, major shareholder Nbl Midstream, Llc sold 7,475,000 shares of Noble Energy 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gary W. Willingham sold 24,646 shares of Noble Energy 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 sale, the vice president now owns 194,640 shares of the company’s stock, valued at $7,299,000. The disclosure for this sale can be found here. 1.96% of the stock is owned by company 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: How Do You Calculate Return on Investment (ROI)?

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.