State Board of Administration of Florida Retirement System cut its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 690,555 shares of the oil and gas development company’s stock after selling 1,322 shares during the period. State Board of Administration of Florida Retirement System owned about 0.14% of Noble Energy worth $12,955,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of NBL. Huntington National Bank increased its stake in shares of 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 buying an additional 532 shares during the period. Ayalon Holdings Ltd. purchased a new stake in shares of Noble Energy during the fourth quarter worth approximately $33,000. First Mercantile Trust Co. increased its stake in shares of 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 buying an additional 2,800 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of 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 buying an additional 1,600 shares during the period. Finally, Ipswich Investment Management Co. Inc. purchased a new stake in shares of Noble Energy during the fourth quarter worth approximately $75,000. Institutional investors own 98.23% of the company’s stock.
A number of analysts recently weighed in on NBL shares. Tudor Pickering upgraded shares of Noble Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Stifel Nicolaus set a $46.00 price target on Noble Energy and gave the company a “buy” rating in a report on Thursday, November 1st. Raymond James raised Noble Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 7th. Cowen began coverage on Noble Energy in a report on Thursday, November 29th. They issued an “outperform” rating for the company. Finally, Morgan Stanley set a $35.00 price target on Noble Energy and gave the company a “buy” rating in a report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $39.89.
In other news, CFO Kenneth M. Fisher sold 16,564 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $22.89, for a total value of $379,149.96. Following the completion of the sale, the chief financial officer now directly owns 215,854 shares of the company’s stock, valued at $4,940,898.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.96% of the stock is currently owned by corporate insiders.
Shares of NBL stock traded down $0.13 during trading hours on Monday, hitting $20.51. The stock had a trading volume of 98,700 shares, compared to its average volume of 5,263,423. The company has a market capitalization of $9.90 billion, a P/E ratio of 66.16, a PEG ratio of 1.01 and a beta of 1.38. Noble Energy, Inc. has a twelve month low of $17.11 and a twelve month high of $37.76. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Monday, February 11th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, February 8th. Noble Energy’s payout ratio is currently 141.94%.
Noble Energy 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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