Toronto Dominion Bank Buys 266,884 Shares of Noble Energy Inc. (NBL)
Toronto Dominion Bank lifted its stake in shares of Noble Energy Inc. (NYSE:NBL) by 226.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 384,543 shares of the oil and gas development company’s stock after acquiring an additional 266,884 shares during the quarter. Toronto Dominion Bank owned approximately 0.08% of Noble Energy worth $10,880,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Capital World Investors grew its stake in shares of Noble Energy by 20.8% during the 2nd quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock valued at $1,561,730,000 after acquiring an additional 9,488,951 shares during the period. Vanguard Group Inc. grew its stake in shares of Noble Energy by 29.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock valued at $1,101,810,000 after acquiring an additional 8,933,476 shares during the period. BlackRock Inc. grew its stake in shares of Noble Energy by 7.4% during the 2nd quarter. BlackRock Inc. now owns 32,231,480 shares of the oil and gas development company’s stock valued at $912,152,000 after acquiring an additional 2,211,439 shares during the period. State Street Corp grew its stake in shares of Noble Energy by 5.7% during the 2nd quarter. State Street Corp now owns 27,225,558 shares of the oil and gas development company’s stock valued at $770,487,000 after acquiring an additional 1,471,064 shares during the period. Finally, Ares Management LLC bought a new position in shares of Noble Energy during the 2nd quarter valued at approximately $499,364,000. Institutional investors own 91.63% of the company’s stock.
Noble Energy Inc. (NYSE:NBL) traded up 1.47% on Monday, hitting $27.55. The stock had a trading volume of 1,565,678 shares. The company’s market cap is $13.00 billion. Noble Energy Inc. has a 12 month low of $22.99 and a 12 month high of $42.03. The company has a 50-day moving average of $26.47 and a 200 day moving average of $28.77.
Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.18. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The business’s revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.24) earnings per share. On average, analysts predict that Noble Energy Inc. will post ($0.15) EPS for the current fiscal year.
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A number of research analysts recently issued reports on NBL shares. BMO Capital Markets reiterated a “buy” rating and set a $45.00 price objective on shares of Noble Energy in a research note on Thursday, June 22nd. Citigroup Inc. cut their price objective on Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 price objective on shares of Noble Energy in a research note on Thursday, July 20th. Cowen and Company set a $35.00 price objective on Noble Energy and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $39.00 price target on shares of Noble Energy in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $40.98.
Noble Energy 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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