Fruth Investment Management lessened its stake in Noble Energy, Inc. (NYSE:NBL) by 8.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,050 shares of the oil and gas development company’s stock after selling 1,100 shares during the quarter. Fruth Investment Management’s holdings in Noble Energy were worth $297,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank raised its position in shares of Noble Energy by 59.2% during 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 in the last quarter. Paradigm Asset Management Co. LLC raised its position in shares of Noble Energy by 1.7% during 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 in the last quarter. M&T Bank Corp raised its position in shares of Noble Energy by 2.5% during 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 in the last quarter. BOKF NA raised its position in shares of Noble Energy by 4.3% during 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 in the last quarter. Finally, FDx Advisors Inc. increased its position in Noble Energy by 10.4% during the fourth quarter. FDx Advisors Inc. now owns 10,959 shares of the oil and gas development company’s stock worth $206,000 after buying an additional 1,033 shares during the period. Institutional investors and hedge funds own 97.81% of the company’s stock.
Several research firms have commented on NBL. ValuEngine raised Noble Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Imperial Capital set a $39.00 target price on Noble Energy and gave the company a “buy” rating in a report on Wednesday, February 20th. UBS Group set a $34.00 target price on Noble Energy and gave the company a “buy” rating in a report on Wednesday, February 20th. Mizuho raised Noble Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $28.00 to $29.00 in a report on Tuesday, March 19th. Finally, Barclays set a $27.00 target price on Noble Energy and gave the company a “sell” rating in a report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Noble Energy currently has a consensus rating of “Buy” and a consensus target price of $38.92.
NBL opened at $27.10 on Wednesday. The firm has a market cap of $12.80 billion, a price-to-earnings ratio of 29.08 and a beta of 1.35. Noble Energy, Inc. has a one year low of $17.11 and a one year high of $37.76. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63.
Noble Energy (NYSE:NBL) last released its earnings results on Tuesday, February 19th. The oil and gas development company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 positive return on equity of 3.93% and a negative net margin of 1.32%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, equities analysts anticipate that Noble Energy, Inc. will post 0.29 earnings per share for the current year.
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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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