CIBC Asset Management Inc decreased its position in Noble Energy, Inc. (NYSE:NBL) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,823 shares of the oil and gas development company’s stock after selling 817 shares during the period. CIBC Asset Management Inc’s holdings in Noble Energy were worth $878,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Huntington National Bank lifted its stake in shares of Noble Energy by 59.2% in the fourth quarter. Huntington National Bank now owns 1,430 shares of the oil and gas development company’s stock valued at $27,000 after purchasing an additional 532 shares during the period. Paradigm Asset Management Co. LLC lifted its stake in shares of Noble Energy by 1.7% in the third quarter. Paradigm Asset Management Co. LLC now owns 35,930 shares of the oil and gas development company’s stock valued at $1,121,000 after purchasing an additional 600 shares during the period. M&T Bank Corp lifted its stake in shares of Noble Energy by 2.5% in the fourth quarter. M&T Bank Corp now owns 31,260 shares of the oil and gas development company’s stock valued at $587,000 after purchasing an additional 771 shares during the period. FDx Advisors Inc. lifted its stake in shares of Noble Energy by 10.4% in the fourth quarter. FDx Advisors Inc. now owns 10,959 shares of the oil and gas development company’s stock valued at $206,000 after purchasing an additional 1,033 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Noble Energy by 10.1% in the fourth quarter. LPL Financial LLC now owns 11,677 shares of the oil and gas development company’s stock valued at $219,000 after purchasing an additional 1,072 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of NBL opened at $22.69 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.29 and a beta of 1.33. Noble Energy, Inc. has a 12-month low of $17.11 and a 12-month high of $37.76.

Noble Energy (NYSE:NBL) last announced its earnings results on Tuesday, February 19th. The oil and gas development company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Noble Energy had a negative net margin of 1.32% and a positive return on equity of 3.93%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. As a group, research analysts anticipate that Noble Energy, Inc. will post 0.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 25th. Shareholders of record on Monday, February 11th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, February 8th. Noble Energy’s payout ratio is currently 48.89%.

Several analysts recently commented on the stock. Stephens set a $35.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research note on Tuesday, February 26th. Imperial Capital set a $39.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research note on Wednesday, February 20th. UBS Group set a $34.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research note on Wednesday, February 20th. Morgan Stanley set a $35.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research note on Tuesday, January 29th. Finally, Raymond James set a $32.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research note on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.92.

In other news, Director James E. Craddock sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $23.62, for a total value of $212,580.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kenneth M. Fisher sold 16,564 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $22.89, for a total transaction of $379,149.96. Following the completion of the transaction, the chief financial officer now directly owns 215,854 shares of the company’s stock, valued at approximately $4,940,898.06. The disclosure for this sale can be found here. Insiders own 1.81% of the company’s stock.

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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.

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

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