The Elkfork Partners LLC Has $489,000 Stake in Noble Energy, Inc. (NBL)

The Elkfork Partners LLC Has $489,000 Stake in Noble Energy, Inc. (NBL)

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD increased its position in Noble Energy by 0.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 32,496 shares of the oil and gas development company’s stock valued at $1,161,000 after buying an additional 130 shares during the period. Wetherby Asset Management Inc. increased its position in Noble Energy by 2.4% in the first quarter. Wetherby Asset Management Inc. now owns 6,232 shares of the oil and gas development company’s stock valued at $214,000 after buying an additional 147 shares during the period. Verition Fund Management LLC increased its position in Noble Energy by 0.4% in the third quarter. Verition Fund Management LLC now owns 45,371 shares of the oil and gas development company’s stock valued at $1,622,000 after buying an additional 178 shares during the period. Cadence Capital Management LLC increased its position in Noble Energy by 2.9% in the fourth quarter. Cadence Capital Management LLC now owns 15,067 shares of the oil and gas development company’s stock valued at $573,000 after buying an additional 428 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in Noble Energy by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 11,460 shares of the oil and gas development company’s stock valued at $368,000 after buying an additional 448 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.

Elkfork Partners LLC boosted its stake in Noble Energy, Inc. (NYSE:NBL) by 18.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,234 shares of the oil and gas development company’s stock after buying an additional 2,178 shares during the period. Elkfork Partners LLC’s holdings in Noble Energy were worth $489,000 at the end of the most recent quarter.

Noble Energy, Inc. (NYSE NBL) opened at 28.51 on Monday. The stock’s market cap is $12.29 billion. Noble Energy, Inc. has a 12-month low of $28.29 and a 12-month high of $42.03. The firm has a 50-day moving average price of $31.62 and a 200-day moving average price of $35.85.

Noble Energy (NYSE:NBL) last posted its earnings results on Monday, May 1st. The oil and gas development company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. Noble Energy had a negative return on equity of 2.51% and a negative net margin of 28.59%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $974.54 million. During the same quarter in the prior year, the business earned ($0.53) earnings per share. The firm’s revenue for the quarter was up 43.1% on a year-over-year basis. Analysts forecast that Noble Energy, Inc. will post ($0.01) EPS for the current fiscal year. The company also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Monday, May 8th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, May 4th. Noble Energy’s payout ratio is -17.24%.

NBL has been the subject of several analyst reports. Credit Suisse Group AG reissued a “buy” rating and issued a $44.00 target price on shares of Noble Energy in a research note on Thursday, April 27th. Royal Bank of Canada reissued a “buy” rating and issued a $48.00 target price on shares of Noble Energy in a research note on Tuesday, April 25th. KLR Group reissued a “buy” rating on shares of Noble Energy in a research note on Monday, March 13th. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 target price on shares of Noble Energy in a research note on Friday, March 3rd. Finally, Wunderlich reissued a “buy” rating and issued a $53.00 target price on shares of Noble Energy in a research note on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Noble Energy presently has a consensus rating of “Buy” and a consensus price target of $44.69. In other news, Director Jeffrey L. Berenson sold 23,000 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $34.27, for a total value of $788,210.00. Following the transaction, the director now owns 51,803 shares of the company’s stock, valued at $1,775,288.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.17% of the stock is currently owned by corporate insiders.

Noble Energy Company Profile Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NBL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Noble Energy Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Noble Energy Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment