Latest news with #NobleCorp
Forbes
3 days ago
- Business
- Forbes
Noble Passes Through 8% Yield Mark
In trading on Friday, shares of Noble were yielding above the 8% mark based on its quarterly dividend (annualized to $2), with the stock changing hands as low as $24.60 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 8% would appear considerably attractive if that yield is sustainable. Noble is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. 10 Stocks Where Yields Got More Juicy » In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Noble, looking at the history chart for NE below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 8% annual yield. NE tickertech Other Top Dividends
Yahoo
15-05-2025
- Business
- Yahoo
Wall Street Is Ignoring These Oil Stocks -- Value Investors Are Quietly Loading Up
Something weird is happening in energy stocks and it's catching the eyes of deep value diehards. Roughly 33% of small- and mid-cap oil and gas companies in the Russell 3000 are now trading below book value. That's not normal. It's the highest ratio since the pandemic meltdown. Names like Murphy Oil, Crescent Energy (NYSE:CRGY), and Noble Corp (NYSE:NE) are in the bargain bin literally priced as if their assets are worth more sold for scrap than kept running. Cole Smead, CEO of Smead Capital Management, isn't hesitating: We're going to take advantage of a lot of suckers, he said. He's been loading up on names he thinks could bounce no matter how ugly the headlines. It's been a brutal quarter for energy. The sector is down about 14% since Trump's early April tariff threat. Oil has been whipsawed by fears of a global slowdown, plus a supply spike from OPEC. West Texas Intermediate briefly hit $55 a barrel a level not seen since 2021 and while prices have rebounded slightly, many stocks haven't. But some insiders are starting to lean in. Cenovus Energy (NYSE:CVE) bought back $44 million in shares in Q1 then nearly tripled that pace in Q2. Diamondback Energy (NASDAQ:FANG) is doing the same. Buybacks are the right thing at these levels, said CEO Travis Stice. Others like Chevron don't have the firepower and are pulling back. Not everyone agrees on how to value these names. Book value can be misleading when oil is this volatile. BMO Capital's Jeremy McCrea prefers looking at cash flow and reserves and even on those measures, he still sees deep discounts. Typically, the best times to invest in energy are when it feels the worst, he said. And right now? It feels terrible. But that's exactly when the smart money usually starts buying. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
