Everence Capital Management Inc. raised its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 34.3% in the 4th quarter, HoldingsChannel reports. The fund owned 23,358 shares of the oil and gas development company’s stock after buying an additional 5,960 shares during the period. Everence Capital Management Inc.’s holdings in Noble Energy were worth $438,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of NBL. Huntington National Bank boosted its position in Noble Energy by 59.2% during the fourth quarter. Huntington National Bank now owns 1,430 shares of the oil and gas development company’s stock worth $27,000 after purchasing an additional 532 shares during the period. Ayalon Holdings Ltd. bought a new position in Noble Energy during the fourth quarter worth $33,000. First Mercantile Trust Co. boosted its position in Noble Energy by 1,750.0% during the fourth quarter. First Mercantile Trust Co. now owns 2,960 shares of the oil and gas development company’s stock worth $55,000 after purchasing an additional 2,800 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Noble Energy by 69.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,900 shares of the oil and gas development company’s stock worth $73,000 after purchasing an additional 1,600 shares during the period. Finally, Ipswich Investment Management Co. Inc. bought a new position in Noble Energy during the fourth quarter worth $75,000. 98.23% of the stock is owned by institutional investors.
NBL has been the subject of a number of research analyst reports. Tudor Pickering raised shares of Noble Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Stifel Nicolaus set a $46.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research report on Thursday, November 1st. Raymond James raised shares of Noble Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 7th. Cowen began coverage on shares of Noble Energy in a research report on Thursday, November 29th. They set an “outperform” rating for the company. Finally, Morgan Stanley set a $35.00 target price on Noble Energy and gave the stock a “buy” rating in a report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.89.
NYSE:NBL opened at $21.00 on Tuesday. The stock has a market cap of $9.90 billion, a PE ratio of 67.74, a PEG ratio of 1.01 and a beta of 1.38. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Noble Energy, Inc. has a 1-year low of $17.11 and a 1-year high of $37.76.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Monday, February 11th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, February 8th. Noble Energy’s dividend payout ratio (DPR) is currently 141.94%.
In other news, CFO Kenneth M. Fisher sold 16,564 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $22.89, for a total transaction of $379,149.96. Following the sale, the chief financial officer now directly owns 215,854 shares in the company, valued at $4,940,898.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.96% of the company’s stock.
About Noble Energy
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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