Teacher Retirement System of Texas Trims Stake in Noble Energy, Inc. (NBL)

Teacher Retirement System of Texas trimmed its position in Noble Energy, Inc. (NYSE:NBL) by 62.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 275,972 shares of the oil and gas development company’s stock after selling 450,649 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Noble Energy worth $8,042,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Massey Quick Simon & CO. LLC bought a new stake in shares of Noble Energy in the third quarter worth about $155,000. Sawyer & Company Inc bought a new stake in shares of Noble Energy in the fourth quarter worth about $169,000. Lourd Capital LLC bought a new stake in shares of Noble Energy in the fourth quarter worth about $203,000. Gofen & Glossberg LLC IL increased its holdings in shares of Noble Energy by 5.3% in the second quarter. Gofen & Glossberg LLC IL now owns 9,129 shares of the oil and gas development company’s stock worth $258,000 after purchasing an additional 456 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Noble Energy by 3.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,135 shares of the oil and gas development company’s stock worth $259,000 after purchasing an additional 293 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

In other Noble Energy news, VP Gary W. Willingham bought 30,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was acquired at an average price of $26.00 per share, for a total transaction of $780,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David L. Stover bought 19,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were acquired at an average price of $26.31 per share, with a total value of $499,890.00. Following the transaction, the chief executive officer now directly owns 727,254 shares of the company’s stock, valued at $19,134,052.74. The disclosure for this purchase can be found here. 2.28% of the stock is owned by insiders.

NBL has been the topic of several research reports. Morgan Stanley lifted their target price on Noble Energy from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Barclays reduced their price objective on Noble Energy from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, November 16th. Piper Jaffray Companies reissued a “buy” rating and set a $35.00 price objective on shares of Noble Energy in a research note on Friday, November 17th. Scotiabank set a $35.00 price objective on Noble Energy and gave the stock a “hold” rating in a research note on Saturday, November 25th. Finally, Stifel Nicolaus set a $41.00 price objective on Noble Energy and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the stock. Noble Energy currently has a consensus rating of “Buy” and a consensus price target of $39.89.

Noble Energy, Inc. (NYSE:NBL) opened at $26.46 on Thursday. Noble Energy, Inc. has a 12-month low of $22.99 and a 12-month high of $37.91. The stock has a market capitalization of $12,610.00, a P/E ratio of -6.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, February 9th. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.

TRADEMARK VIOLATION WARNING: “Teacher Retirement System of Texas Trims Stake in Noble Energy, Inc. (NBL)” was reported by Week Herald and is owned by of Week Herald. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://weekherald.com/2018/02/15/teacher-retirement-system-of-texas-trims-stake-in-noble-energy-inc-nbl.html.

About Noble Energy

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.

Want to see what other hedge funds are holding NBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Energy, Inc. (NYSE:NBL).

Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

Receive News & Ratings for Noble Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply