Great West Life Assurance Co. Can Has $9.14 Million Position in Noble Energy Inc. (NBL)

Great West Life Assurance Co. Can lowered its stake in shares of Noble Energy Inc. (NYSE:NBL) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 323,329 shares of the oil and gas development company’s stock after selling 11,060 shares during the period. Great West Life Assurance Co. Can’s holdings in Noble Energy were worth $9,137,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. HighTower Advisors LLC boosted its stake in shares of Noble Energy by 0.4% in the first quarter. HighTower Advisors LLC now owns 12,644 shares of the oil and gas development company’s stock valued at $434,000 after buying an additional 52 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of 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 in the last quarter. Fifth Third Bancorp boosted its stake in shares of Noble Energy by 5.5% in the first quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock valued at $100,000 after buying an additional 153 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Noble Energy by 2.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,842 shares of the oil and gas development company’s stock valued at $304,000 after buying an additional 203 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Noble Energy by 3.2% in the first quarter. Pacer Advisors Inc. now owns 7,018 shares of the oil and gas development company’s stock valued at $241,000 after buying an additional 220 shares in the last quarter. Institutional investors own 96.94% of the company’s stock.

Noble Energy Inc. (NBL) opened at 24.92 on Friday. Noble Energy Inc. has a 52-week low of $24.84 and a 52-week high of $42.03. The company’s market cap is $11.76 billion. The company’s 50-day moving average price is $27.83 and its 200-day moving average price is $32.39.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.18. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. Noble Energy’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Equities research analysts expect that Noble Energy Inc. will post ($0.19) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, August 3rd. Noble Energy’s dividend payout ratio (DPR) is -9.90%.

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Several equities research analysts recently weighed in on the company. Scotiabank restated a “hold” rating and set a $38.00 target price on shares of Noble Energy in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $48.00 price target on shares of Noble Energy in a research report on Tuesday, April 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $47.00 price target on shares of Noble Energy in a research report on Tuesday, May 23rd. Citigroup Inc. lowered their price target on Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 price target on shares of Noble Energy in a research report on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Noble Energy presently has a consensus rating of “Buy” and an average target price of $41.34.

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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Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

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