Noble Corporation (NE) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC decreased its stake in Noble Corporation (NYSE:NE) by 11.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,706 shares of the oil and gas company’s stock after selling 17,331 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Noble Corporation were worth $502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chicago Equity Partners LLC raised its position in shares of Noble Corporation by 50.7% in the first quarter. Chicago Equity Partners LLC now owns 16,650 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 5,600 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Noble Corporation by 16.8% in the first quarter. Teacher Retirement System of Texas now owns 19,601 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 2,816 shares in the last quarter. Tiedemann Wealth Management LLC raised its position in shares of Noble Corporation by 41.6% in the first quarter. Tiedemann Wealth Management LLC now owns 20,730 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 6,086 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new position in shares of Noble Corporation during the first quarter valued at about $129,000. Finally, World Asset Management Inc raised its position in shares of Noble Corporation by 1.4% in the first quarter. World Asset Management Inc now owns 21,981 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 295 shares in the last quarter. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Noble Corporation (NYSE NE) opened at 3.36 on Thursday. Noble Corporation has a 1-year low of $3.27 and a 1-year high of $8.37. The stock’s market cap is $822.14 million. The stock has a 50 day moving average of $3.83 and a 200 day moving average of $5.17.

Noble Corporation (NYSE:NE) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.31) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.02. Noble Corporation had a negative net margin of 122.04% and a negative return on equity of 3.19%. The firm had revenue of $278.10 million during the quarter, compared to analyst estimates of $284.99 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was down 68.9% compared to the same quarter last year. Equities analysts anticipate that Noble Corporation will post ($1.29) EPS for the current fiscal year.

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A number of research firms have weighed in on NE. Goldman Sachs Group, Inc. (The) raised shares of Noble Corporation to a “sell” rating in a research note on Wednesday. Seaport Global Securities reaffirmed a “neutral” rating on shares of Noble Corporation in a research note on Monday. ValuEngine lowered shares of Noble Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC set a $7.00 price objective on shares of Noble Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Finally, Piper Jaffray Companies set a $4.00 price objective on shares of Noble Corporation and gave the company a “hold” rating in a research note on Monday. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.10.

About Noble Corporation

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

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Institutional Ownership by Quarter for Noble Corporation (NYSE:NE)

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