Principal Financial Group Inc. raised its stake in shares of Noble Energy Inc. (NYSE:NBL) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 641,539 shares of the oil and gas development company’s stock after buying an additional 3,022 shares during the period. Principal Financial Group Inc. owned about 0.15% of Noble Energy worth $23,012,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Legal & General Group Plc raised its stake in Noble Energy by 3.2% in the first quarter. Legal & General Group Plc now owns 1,865,006 shares of the oil and gas development company’s stock valued at $58,576,000 after buying an additional 57,066 shares in the last quarter. Strs Ohio raised its stake in Noble Energy by 10.1% in the second quarter. Strs Ohio now owns 1,455,163 shares of the oil and gas development company’s stock valued at $52,196,000 after buying an additional 133,449 shares in the last quarter. Geode Capital Management LLC raised its stake in Noble Energy by 2.7% in the first quarter. Geode Capital Management LLC now owns 3,493,380 shares of the oil and gas development company’s stock valued at $109,506,000 after buying an additional 91,877 shares in the last quarter. Wellington Management Group LLP raised its stake in Noble Energy by 60.6% in the first quarter. Wellington Management Group LLP now owns 4,684,149 shares of the oil and gas development company’s stock valued at $147,129,000 after buying an additional 1,767,615 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in Noble Energy during the first quarter valued at $3,241,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Noble Energy Inc. (NYSE:NBL) traded up 2.74% during trading on Thursday, reaching $35.65. The company had a trading volume of 1,502,092 shares. The stock’s 50-day moving average price is $34.89 and its 200-day moving average price is $34.88. Noble Energy Inc. has a 52 week low of $23.77 and a 52 week high of $39.85. The company’s market capitalization is $15.33 billion.
Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Wednesday, August 3rd. The oil and gas development company reported ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. Noble Energy had a negative return on equity of 2.16% and a negative net margin of 90.52%. The firm earned $847 million during the quarter, compared to analyst estimates of $909.36 million. During the same quarter in the previous year, the business earned $0.26 EPS. Noble Energy’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts expect that Noble Energy Inc. will post ($1.09) EPS for the current fiscal year.
Several equities research analysts recently weighed in on NBL shares. JPMorgan Chase & Co. restated a “buy” rating on shares of Noble Energy in a research report on Wednesday, June 1st. Credit Suisse Group AG reissued a “buy” rating on shares of Noble Energy in a report on Thursday, June 2nd. Seaport Global Securities raised Noble Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $45.00 in a report on Tuesday, June 7th. Simmons initiated coverage on Noble Energy in a report on Wednesday, June 8th. They issued an “overweight” rating and a $48.00 target price on the stock. Finally, Stifel Nicolaus boosted their target price on Noble Energy from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Noble Energy currently has an average rating of “Buy” and a consensus price target of $40.05.
In other Noble Energy news, Director Thomas J. Edelman sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $33.62, for a total transaction of $403,440.00. Following the completion of the sale, the director now directly owns 3,032,978 shares in the company, valued at approximately $101,968,720.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey L. Berenson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $34.05, for a total value of $340,500.00. Following the sale, the director now owns 82,269 shares of the company’s stock, valued at $2,801,259.45. The disclosure for this sale can be found here. 2.17% of the stock is owned by corporate insiders.
Noble Energy Company Profile
Noble Energy, Inc is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs.
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