Noble Energy Inc. (NBL) Position Raised by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Noble Energy Inc. (NYSE:NBL) by 56.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,968 shares of the oil and gas development company’s stock after purchasing an additional 36,589 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Noble Energy were worth $2,863,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in NBL. State of Alaska Department of Revenue grew its holdings in Noble Energy by 6.2% in the second quarter. State of Alaska Department of Revenue now owns 7,912 shares of the oil and gas development company’s stock valued at $223,000 after purchasing an additional 460 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Noble Energy by 6.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 47,896 shares of the oil and gas development company’s stock valued at $1,355,000 after purchasing an additional 3,000 shares during the period. LS Investment Advisors LLC grew its holdings in Noble Energy by 7.8% in the second quarter. LS Investment Advisors LLC now owns 19,571 shares of the oil and gas development company’s stock valued at $554,000 after purchasing an additional 1,413 shares during the period. Louisiana State Employees Retirement System grew its holdings in Noble Energy by 5.2% in the second quarter. Louisiana State Employees Retirement System now owns 28,200 shares of the oil and gas development company’s stock valued at $798,000 after purchasing an additional 1,400 shares during the period. Finally, Aperio Group LLC grew its holdings in Noble Energy by 12.6% in the second quarter. Aperio Group LLC now owns 169,985 shares of the oil and gas development company’s stock valued at $4,811,000 after purchasing an additional 19,013 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.
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Shares of Noble Energy Inc. (NYSE NBL) opened at $25.76 on Tuesday. The stock has a market cap of $12,630.00, a price-to-earnings ratio of 108.17 and a beta of 1.18. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. Noble Energy Inc. has a twelve month low of $22.99 and a twelve month high of $42.03.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.11. The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. equities analysts predict that Noble Energy Inc. will post -0.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were issued a $0.10 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.40 annualized dividend and a yield of 1.55%. Noble Energy’s dividend payout ratio is presently -10.03%.
In related news, Director Thomas J. Edelman sold 300,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Craddock sold 18,787 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total transaction of $536,744.59. Following the completion of the sale, the director now directly owns 114,226 shares in the company, valued at $3,263,436.82. The disclosure for this sale can be found here. Corporate insiders own 2.28% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 target price on shares of Noble Energy in a report on Friday. Barclays PLC lowered their target price on shares of Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, November 16th. Morgan Stanley boosted their target price on shares of Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Royal Bank Of Canada set a $37.00 target price on shares of Noble Energy and gave the company a “buy” rating in a report on Sunday, October 15th. Finally, BMO Capital Markets set a $33.00 target price on shares of Noble Energy and gave the company a “buy” rating in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Noble Energy has an average rating of “Buy” and an average price target of $40.64.
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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