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.
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%.
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.
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