Stevens Capital Management LP Has $3.07 Million Holdings in Noble Energy Inc. (NBL)
Stevens Capital Management LP reduced its stake in Noble Energy Inc. (NYSE:NBL) by 30.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,542 shares of the oil and gas development company’s stock after selling 48,503 shares during the quarter. Stevens Capital Management LP’s holdings in Noble Energy were worth $3,072,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of NBL. Fifth Third Bancorp grew its holdings in Noble Energy by 5.5% in the 1st quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock valued at $100,000 after buying an additional 153 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Noble Energy in the 1st quarter valued at $132,000. Harbour Capital Advisors LLC purchased a new stake in Noble Energy in the 1st quarter valued at $136,000. Global X Management Co. LLC grew its holdings in Noble Energy by 30.1% in the 1st quarter. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company’s stock valued at $196,000 after buying an additional 1,319 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in Noble Energy in the 1st quarter valued at $201,000. Institutional investors own 91.68% of the company’s stock.
Shares of Noble Energy Inc. (NYSE NBL) opened at 26.42 on Wednesday. The firm has a 50-day moving average price of $24.87 and a 200-day moving average price of $29.58. Noble Energy Inc. has a 52-week low of $22.99 and a 52-week high of $42.03. The firm’s market cap is $12.47 billion.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned ($0.24) earnings per share. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. Analysts predict that Noble Energy Inc. will post ($0.15) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Thursday, August 3rd. Noble Energy’s dividend payout ratio (DPR) is presently -9.90%.
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NBL has been the topic of several recent analyst reports. Seaport Global Securities lowered Noble Energy from a “neutral” rating to a “sell” rating and decreased their price target for the company from $36.00 to $23.00 in a research note on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 price target on shares of Noble Energy in a research note on Thursday, July 20th. Scotiabank set a $38.00 price target on Noble Energy and gave the company a “hold” rating in a research note on Thursday, August 3rd. BidaskClub lowered Noble Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Citigroup Inc. decreased their price target on Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $41.36.
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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