Jane Street Group LLC Buys New Holdings in Noble Energy Inc. (NBL)
Jane Street Group LLC bought a new position in Noble Energy Inc. (NYSE:NBL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 88,166 shares of the oil and gas development company’s stock, valued at approximately $2,500,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vident Investment Advisory LLC bought a new position in Noble Energy in the 3rd quarter worth $361,000. Chevy Chase Trust Holdings Inc. raised its holdings in Noble Energy by 8.1% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 427,585 shares of the oil and gas development company’s stock worth $12,126,000 after acquiring an additional 32,208 shares during the period. Boothbay Fund Management LLC raised its holdings in Noble Energy by 56.3% in the 3rd quarter. Boothbay Fund Management LLC now owns 16,732 shares of the oil and gas development company’s stock worth $475,000 after acquiring an additional 6,028 shares during the period. AMP Capital Investors Ltd raised its holdings in Noble Energy by 3.2% in the 3rd quarter. AMP Capital Investors Ltd now owns 124,748 shares of the oil and gas development company’s stock worth $3,538,000 after acquiring an additional 3,900 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Noble Energy by 7.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 71,420 shares of the oil and gas development company’s stock worth $2,026,000 after acquiring an additional 5,074 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.
Noble Energy Inc. (NYSE NBL) opened at $26.94 on Friday. Noble Energy Inc. has a twelve month low of $22.99 and a twelve month high of $42.03. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The stock has a market cap of $13,109.19, a PE ratio of 112.25 and a beta of 1.16.
Noble Energy (NYSE:NBL) last issued its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The business had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. During the same period in the previous year, the business earned ($0.07) EPS. The firm’s revenue was up 5.5% on a year-over-year basis. equities research analysts forecast that Noble Energy Inc. will post -0.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. Noble Energy’s dividend payout ratio (DPR) is currently -10.03%.
In other news, Director James E. Craddock sold 18,787 shares of Noble Energy stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total transaction of $536,744.59. Following the sale, the director now directly owns 114,226 shares in the company, valued at approximately $3,263,436.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gary W. Willingham bought 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average price of $26.00 per share, for a total transaction of $780,000.00. The disclosure for this purchase can be found here. 2.28% of the stock is currently owned by insiders.
NBL has been the topic of several recent analyst reports. Piper Jaffray Companies reiterated a “buy” rating on shares of Noble Energy in a report on Sunday, August 20th. Cowen set a $35.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a report on Friday, August 25th. Jefferies Group reiterated a “buy” rating and issued a $32.00 target price (down previously from $36.00) on shares of Noble Energy in a report on Tuesday, August 29th. Imperial Capital assumed coverage on shares of Noble Energy in a report on Thursday, September 28th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Mizuho restated a “buy” rating on shares of Noble Energy in a report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.43.
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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