Retirement Systems of Alabama cut its stake in shares of Noble Energy, Inc. (NYSE:NBL) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,050 shares of the oil and gas development company’s stock after selling 2,128 shares during the quarter. Retirement Systems of Alabama’s holdings in Noble Energy were worth $4,996,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NBL. Moody National Bank Trust Division bought a new position in shares of Noble Energy during the 1st quarter valued at approximately $31,000. Truvestments Capital LLC bought a new position in shares of Noble Energy during the 1st quarter valued at approximately $47,000. Investors Research Corp bought a new position in shares of Noble Energy during the 1st quarter valued at approximately $75,000. Quadrant Capital Group LLC grew its stake in shares of Noble Energy by 1,500.5% during the 1st quarter. Quadrant Capital Group LLC now owns 3,281 shares of the oil and gas development company’s stock valued at $76,000 after acquiring an additional 3,076 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of Noble Energy by 24.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,071 shares of the oil and gas development company’s stock valued at $76,000 after acquiring an additional 600 shares during the period. Institutional investors own 99.00% of the company’s stock.

A number of brokerages recently issued reports on NBL. Barclays reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. Mitsubishi UFJ Financial Group cut their price objective on Noble Energy to $34.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. UBS Group set a $34.00 price objective on Noble Energy and gave the company a “buy” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. set a €118.00 ($137.21) price target on Deutsche Boerse and gave the stock a “neutral” rating in a research note on Monday, April 29th. Finally, TD Securities upped their price target on Westshore Terminals Investment from C$20.00 to C$21.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $37.07.

Shares of NBL traded up $0.73 during mid-day trading on Tuesday, hitting $21.60. 1,744,103 shares of the stock were exchanged, compared to its average volume of 4,024,757. The stock has a market cap of $9.92 billion, a P/E ratio of 24.00 and a beta of 1.45. Noble Energy, Inc. has a 52-week low of $17.11 and a 52-week high of $36.27. The stock has a 50-day simple moving average of $21.38. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Friday, May 3rd. The oil and gas development company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1 billion. Noble Energy had a positive return on equity of 2.05% and a negative net margin of 19.63%. The firm’s revenue was down 18.2% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. On average, analysts predict that Noble Energy, Inc. will post -0.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 5th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, August 2nd. This represents a $0.48 annualized dividend and a dividend yield of 2.22%. Noble Energy’s dividend payout ratio (DPR) is 53.33%.

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. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.

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

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