National Pension Service Increases Stock Position in Noble Energy, Inc. (NYSE:NBL)

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National Pension Service boosted its stake in Noble Energy, Inc. (NYSE:NBL) by 5.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 645,232 shares of the oil and gas development company’s stock after buying an additional 33,688 shares during the quarter. National Pension Service owned approximately 0.13% of Noble Energy worth $14,492,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in Noble Energy in the 2nd quarter valued at about $498,000. Dupont Capital Management Corp purchased a new stake in shares of Noble Energy in the second quarter valued at $427,000. Comerica Bank grew its position in shares of Noble Energy by 27.6% in the second quarter. Comerica Bank now owns 117,692 shares of the oil and gas development company’s stock valued at $2,421,000 after purchasing an additional 25,466 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Noble Energy by 2.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,192,328 shares of the oil and gas development company’s stock valued at $49,109,000 after buying an additional 59,028 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Noble Energy by 16.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 243,058 shares of the oil and gas development company’s stock valued at $5,459,000 after acquiring an additional 34,498 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

NYSE NBL opened at $20.58 on Tuesday. The stock has a market cap of $9.93 billion, a P/E ratio of 22.87 and a beta of 1.43. The company’s fifty day simple moving average is $20.55 and its 200-day simple moving average is $21.59. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.69. Noble Energy, Inc. has a 52 week low of $17.11 and a 52 week high of $28.40.

Noble Energy (NYSE:NBL) last announced its earnings results on Thursday, November 7th. The oil and gas development company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. Noble Energy had a negative return on equity of 0.82% and a negative net margin of 25.33%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $0.27 earnings per share. The company’s revenue was down 12.1% on a year-over-year basis. On average, research analysts expect that Noble Energy, Inc. will post -0.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 4th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, November 1st. Noble Energy’s dividend payout ratio (DPR) is 53.33%.

A number of analysts have recently commented on NBL shares. Wells Fargo & Co upped their price objective on Noble Energy from $26.00 to $28.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Citigroup raised their price objective on Noble Energy from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Morgan Stanley reaffirmed a “buy” rating and set a $29.00 price target on shares of Noble Energy in a research report on Tuesday, November 12th. Oppenheimer upgraded shares of Noble Energy from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a report on Thursday, August 22nd. Finally, MKM Partners began coverage on shares of Noble Energy in a research report on Wednesday, November 20th. They set a “buy” rating and a $27.00 price target for the company. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Noble Energy currently has an average rating of “Buy” and a consensus target price of $30.89.

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. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.

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

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