Aristotle Capital Boston LLC reduced its holdings in Noble Energy, Inc. (NYSE:NBL) by 79.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,500 shares of the oil and gas development company’s stock after selling 237,261 shares during the period. Aristotle Capital Boston LLC’s holdings in Noble Energy were worth $2,205,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NBL. Point72 Asia Hong Kong Ltd lifted its stake in Noble Energy by 656.0% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,833 shares of the oil and gas development company’s stock worth $116,000 after acquiring an additional 3,326 shares in the last quarter. Advisors Preferred LLC purchased a new stake in Noble Energy in the 2nd quarter worth about $126,000. Whittier Trust Co. purchased a new stake in Noble Energy in the 2nd quarter worth about $163,000. Piedmont Investment Advisors LLC purchased a new stake in Noble Energy in the 2nd quarter worth about $200,000. Finally, Ingalls & Snyder LLC purchased a new stake in Noble Energy in the 2nd quarter worth about $202,000. 97.65% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on NBL shares. KLR Group reissued a “buy” rating and issued a $61.00 price objective on shares of Noble Energy in a research note on Monday, August 20th. Stifel Nicolaus set a $40.00 price objective on Noble Energy and gave the stock a “buy” rating in a research note on Friday, August 3rd. Tudor Pickering downgraded Noble Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Morgan Stanley started coverage on Noble Energy in a research note on Thursday, July 12th. They issued an “equal weight” rating and a $39.00 price objective for the company. Finally, Bank of America started coverage on Noble Energy in a research note on Tuesday, July 10th. They set a “buy” rating and a $59.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $41.75.

Shares of NBL stock opened at $29.14 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. Noble Energy, Inc. has a twelve month low of $24.06 and a twelve month high of $37.76. The company has a market capitalization of $14.36 billion, a P/E ratio of 95.65, a P/E/G ratio of 2.95 and a beta of 1.02.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Friday, August 3rd. The oil and gas development company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.05). Noble Energy had a net margin of 19.01% and a return on equity of 2.89%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business posted $0.05 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. research analysts forecast that Noble Energy, Inc. will post 1.01 EPS for the current year.

The business also recently disclosed 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 dividend yield of 1.51%. The ex-dividend date was Friday, August 3rd. Noble Energy’s payout ratio is 141.94%.

In other Noble Energy news, VP Gary W. Willingham sold 24,646 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $37.50, for a total value of $924,225.00. Following the sale, the vice president now owns 194,640 shares of the company’s stock, valued at approximately $7,299,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Nbl Midstream, Llc sold 7,475,000 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.

About Noble Energy

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.

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Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

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