Cipher Capital LP boosted its holdings in shares of Noble Energy Inc. (NYSE:NBL) by 26.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,043 shares of the oil and gas development company’s stock after acquiring an additional 7,323 shares during the quarter. Cipher Capital LP’s holdings in Noble Energy were worth $992,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in NBL. Fifth Third Bancorp raised its stake in shares of 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 acquiring an additional 153 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Noble Energy in the 1st quarter valued at approximately $132,000. Harbour Capital Advisors LLC bought a new position in shares of Noble Energy in the 1st quarter valued at approximately $136,000. Global X Management Co. LLC raised its stake in shares of 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 acquiring an additional 1,319 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in shares of Noble Energy in the 1st quarter valued at approximately $201,000. Institutional investors and hedge funds own 91.83% of the company’s stock.
NBL has been the topic of a number of recent analyst reports. Seaport Global Securities downgraded Noble Energy from a “neutral” rating to a “sell” rating and cut their price objective 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 report on Thursday, July 20th. Scotiabank set a $38.00 price target on Noble Energy and gave the stock a “hold” rating in a research report on Thursday, August 3rd. BidaskClub downgraded Noble Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Finally, Citigroup Inc. dropped their price target on Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $41.11.
Shares of Noble Energy Inc. (NYSE NBL) traded down 0.04% on Friday, reaching $25.97. The company had a trading volume of 583,166 shares. The stock has a 50-day moving average price of $25.11 and a 200-day moving average price of $29.91. The stock’s market cap is $12.26 billion. Noble Energy Inc. has a 12 month low of $22.99 and a 12 month high of $42.03.
Noble Energy (NYSE:NBL) last announced its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned ($0.24) EPS. The company’s revenue was up 25.0% compared to the same quarter last year. Analysts predict that Noble Energy Inc. will post ($0.15) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. Noble Energy’s payout ratio is presently -9.90%.
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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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