Loeb Partners Corp lowered its stake in Noble Energy, Inc. (NYSE:NBL) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,000 shares of the oil and gas development company’s stock after selling 2,250 shares during the period. Loeb Partners Corp’s holdings in Noble Energy were worth $3,399,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. raised its stake in Noble Energy by 47.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 120,640 shares of the oil and gas development company’s stock valued at $4,143,000 after buying an additional 38,652 shares during the period. Retirement Systems of Alabama raised its position in shares of Noble Energy by 3.6% in the first quarter. Retirement Systems of Alabama now owns 210,503 shares of the oil and gas development company’s stock valued at $7,229,000 after buying an additional 7,317 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Noble Energy during the first quarter valued at $255,000. Granite Investment Advisors LLC raised its position in shares of Noble Energy by 9.6% in the first quarter. Granite Investment Advisors LLC now owns 6,850 shares of the oil and gas development company’s stock valued at $235,000 after buying an additional 600 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Noble Energy by 0.9% in the first quarter. Nisa Investment Advisors LLC now owns 172,587 shares of the oil and gas development company’s stock valued at $5,927,000 after buying an additional 1,554 shares during the last quarter. 93.79% of the stock is currently owned by hedge funds and other institutional investors.
Noble Energy, Inc. (NYSE:NBL) traded down 0.09% during midday trading on Friday, hitting $34.15. 3,926,902 shares of the stock were exchanged. The company’s market capitalization is $14.75 billion. The company’s 50 day moving average is $34.44 and its 200 day moving average is $36.87. Noble Energy, Inc. has a 1-year low of $32.33 and a 1-year high of $42.03.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, February 13th. The oil and gas development company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.36. The firm earned $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Noble Energy had a negative return on equity of 2.51% and a negative net margin of 28.59%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Analysts predict that Noble Energy, Inc. will post ($0.23) earnings per share for the current fiscal year.
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Several brokerages have recently weighed in on NBL. Scotiabank set a $38.00 price objective on shares of Noble Energy and gave the company a “hold” rating in a research report on Monday, March 27th. KLR Group reissued a “buy” rating on shares of Noble Energy in a research report on Monday, March 13th. Credit Suisse Group AG set a $44.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research report on Saturday, March 11th. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 price objective on shares of Noble Energy in a research report on Friday, March 3rd. Finally, Wunderlich reissued a “buy” rating and issued a $53.00 price objective on shares of Noble Energy in a research report on Thursday, February 16th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $44.88.
In other news, Director Jeffrey L. Berenson sold 23,000 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $34.27, for a total transaction of $788,210.00. Following the completion of the sale, the director now owns 51,803 shares of the company’s stock, valued at $1,775,288.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David L. Stover sold 48,610 shares of the stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $39.63, for a total value of $1,926,414.30. Following the sale, the chief executive officer now directly owns 549,565 shares of the company’s stock, valued at approximately $21,779,260.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,610 shares of company stock valued at $2,833,154. Insiders own 2.17% of the company’s stock.
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.
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