Noble Energy, Inc. (NBL) Holdings Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Noble Energy, Inc. (NYSE:NBL) by 26.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 541,725 shares of the oil and gas development company’s stock after selling 191,353 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Noble Energy worth $19,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Global X Management Co. LLC lifted its stake in shares of Noble Energy by 32.6% during the first quarter. Global X Management Co. LLC now owns 9,550 shares of the oil and gas development company’s stock valued at $289,000 after acquiring an additional 2,349 shares during the period. Rhumbline Advisers lifted its stake in shares of Noble Energy by 1.7% during the first quarter. Rhumbline Advisers now owns 883,830 shares of the oil and gas development company’s stock valued at $26,780,000 after acquiring an additional 14,768 shares during the period. American Assets Investment Management LLC lifted its stake in shares of Noble Energy by 34.0% during the first quarter. American Assets Investment Management LLC now owns 67,000 shares of the oil and gas development company’s stock valued at $2,030,000 after acquiring an additional 17,000 shares during the period. Putnam FL Investment Management Co. lifted its stake in shares of Noble Energy by 23.2% during the first quarter. Putnam FL Investment Management Co. now owns 166,513 shares of the oil and gas development company’s stock valued at $5,045,000 after acquiring an additional 31,398 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Noble Energy by 8.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,383,039 shares of the oil and gas development company’s stock valued at $41,906,000 after acquiring an additional 104,750 shares during the period. Institutional investors and hedge funds own 99.48% of the company’s stock.

Shares of Noble Energy stock opened at $28.93 on Thursday. Noble Energy, Inc. has a 1 year low of $22.99 and a 1 year high of $37.76. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 93.32, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.58.

Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Friday, August 3rd. The oil and gas development company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). Noble Energy had a return on equity of 2.89% and a net margin of 19.01%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company earned $0.05 earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. research analysts predict that Noble Energy, Inc. will post 1.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 20th. Shareholders of record on Monday, August 6th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, August 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.52%. Noble Energy’s dividend payout ratio (DPR) is currently 141.94%.

NBL has been the topic of several analyst reports. Sanford C. Bernstein raised Noble Energy from an “underperform” rating to a “market perform” rating and cut their target price for the company from $37.67 to $22.99 in a research note on Tuesday, June 5th. Credit Suisse Group lowered Noble Energy from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 30th. Tudor Pickering lowered Noble Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Bank of America initiated coverage on Noble Energy in a research note on Tuesday, July 10th. They issued a “buy” rating and a $59.00 target price on the stock. Finally, Johnson Rice raised Noble Energy from an “accumulate” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, April 25th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Noble Energy has a consensus rating of “Buy” and an average target price of $41.79.

In other Noble Energy news, VP Gary W. Willingham sold 24,646 shares of the stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $37.50, for a total value of $924,225.00. Following the completion of the sale, the vice president now directly owns 194,640 shares in the company, valued at $7,299,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Andrea Lee Robison sold 8,760 shares of the stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $37.00, for a total value of $324,120.00. Following the completion of the sale, the vice president now owns 100,918 shares of the company’s stock, valued at $3,733,966. The disclosure for this sale can be found here. Insiders sold 7,508,406 shares of company stock valued at $136,022,595 over the last 90 days. Corporate insiders own 1.96% of the company’s stock.

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. 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.

Further Reading: Leveraged Buyout (LBO)

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

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