Shares of Noble Energy, Inc. (NYSE:NBL) hit a new 52-week low on Friday . The stock traded as low as $22.18 and last traded at $22.07, with a volume of 162745 shares traded. The stock had previously closed at $22.71.
Several analysts have recently weighed in on the company. Oppenheimer assumed coverage on Noble Energy in a report on Wednesday, October 3rd. They set a “market perform” rating and a $43.00 price objective on the stock. Tudor Pickering raised Noble Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. JPMorgan Chase & Co. set a $28.00 price objective on Noble Energy and gave the stock a “hold” rating in a report on Friday, December 7th. Morgan Stanley decreased their price objective on Noble Energy from $38.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, November 20th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $37.00 price objective on shares of Noble Energy in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Noble Energy presently has a consensus rating of “Buy” and an average target price of $41.46.
The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $10.45 billion, a P/E ratio of 70.29, a P/E/G ratio of 2.21 and a beta of 1.10.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Monday, November 5th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $0.44 annualized dividend and a yield of 2.02%. Noble Energy’s payout ratio is 141.94%.
In other Noble Energy news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of Noble Energy stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $17.75, for a total value of $250,935,264.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.96% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of NBL. Janney Montgomery Scott LLC bought a new position in Noble Energy in the 2nd quarter valued at $268,000. Raymond James Financial Services Advisors Inc. bought a new position in Noble Energy in the 2nd quarter valued at $207,000. Cognios Capital LLC bought a new position in Noble Energy in the 2nd quarter valued at $1,054,000. Nomura Asset Management Co. Ltd. raised its position in Noble Energy by 13.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 82,156 shares of the oil and gas development company’s stock valued at $2,899,000 after purchasing an additional 9,468 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Noble Energy by 35.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 141,211 shares of the oil and gas development company’s stock valued at $4,982,000 after purchasing an additional 37,007 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.
Noble Energy Company Profile (NYSE:NBL)
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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