QS Investors LLC Raises Stake in Noble Energy, Inc. (NBL)

QS Investors LLC lifted its position in shares of Noble Energy, Inc. (NYSE:NBL) by 14.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 62,939 shares of the oil and gas development company’s stock after purchasing an additional 7,800 shares during the period. QS Investors LLC’s holdings in Noble Energy were worth $1,181,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Huntington National Bank boosted its holdings in Noble Energy by 59.2% in the 4th quarter. Huntington National Bank now owns 1,430 shares of the oil and gas development company’s stock worth $27,000 after acquiring an additional 532 shares during the period. Paradigm Asset Management Co. LLC boosted its holdings in Noble Energy by 1.7% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 35,930 shares of the oil and gas development company’s stock worth $1,121,000 after acquiring an additional 600 shares during the period. M&T Bank Corp boosted its holdings in Noble Energy by 2.5% in the 4th quarter. M&T Bank Corp now owns 31,260 shares of the oil and gas development company’s stock worth $587,000 after acquiring an additional 771 shares during the period. BOKF NA boosted its holdings in Noble Energy by 4.3% in the 4th quarter. BOKF NA now owns 19,160 shares of the oil and gas development company’s stock worth $360,000 after acquiring an additional 794 shares during the period. Finally, FDx Advisors Inc. boosted its holdings in Noble Energy by 10.4% in the 4th quarter. FDx Advisors Inc. now owns 10,959 shares of the oil and gas development company’s stock worth $206,000 after acquiring an additional 1,033 shares during the period. Institutional investors and hedge funds own 97.11% of the company’s stock.

In other Noble Energy news, Director James E. Craddock sold 9,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $23.62, for a total transaction of $212,580.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kenneth M. Fisher sold 16,564 shares of the company’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $22.89, for a total transaction of $379,149.96. Following the sale, the chief financial officer now owns 215,854 shares of the company’s stock, valued at $4,940,898.06. The disclosure for this sale can be found here. Corporate insiders own 1.81% of the company’s stock.

A number of equities analysts have issued reports on NBL shares. Stephens started coverage on Noble Energy in a research report on Thursday, December 6th. They issued an “overweight” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. set a $28.00 target price on Noble Energy and gave the company a “hold” rating in a research report on Friday, December 7th. Cowen started coverage on Noble Energy in a research report on Thursday, November 29th. They issued an “outperform” rating on the stock. Mizuho set a $28.00 target price on Noble Energy and gave the company a “hold” rating in a research report on Wednesday, November 28th. Finally, Imperial Capital set a $39.00 target price on Noble Energy and gave the company a “buy” rating in a research report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $38.97.

NYSE:NBL opened at $24.87 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $11.61 billion, a P/E ratio of 27.63 and a beta of 1.33. Noble Energy, Inc. has a 12 month low of $17.11 and a 12 month high of $37.76.

Noble Energy (NYSE:NBL) last released its quarterly earnings results on Tuesday, February 19th. The oil and gas development company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.14 billion. Noble Energy had a negative net margin of 1.32% and a positive return on equity of 3.93%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. As a group, sell-side analysts expect that Noble Energy, Inc. will post 0.19 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 25th. Investors of record on Monday, February 11th were given a $0.11 dividend. The ex-dividend date was Friday, February 8th. This represents a $0.44 annualized dividend and a yield of 1.77%. Noble Energy’s dividend payout ratio (DPR) is presently 48.89%.

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Noble Energy Company Profile

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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