California Public Employees Retirement System boosted its stake in Noble Energy, Inc. (NYSE:NBL) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 872,389 shares of the oil and gas development company’s stock after buying an additional 22,605 shares during the period. California Public Employees Retirement System owned 0.18% of Noble Energy worth $24,741,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Capital World Investors lifted its holdings in Noble Energy by 20.8% in the second quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock worth $1,561,730,000 after buying an additional 9,488,951 shares during the period. Vanguard Group Inc. lifted its holdings in Noble Energy by 29.8% in the second quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock worth $1,101,810,000 after buying an additional 8,933,476 shares during the period. BlackRock Inc. increased its stake in shares of Noble Energy by 7.4% during the second quarter. BlackRock Inc. now owns 32,231,480 shares of the oil and gas development company’s stock valued at $912,152,000 after purchasing an additional 2,211,439 shares in the last quarter. State Street Corp increased its stake in shares of Noble Energy by 5.7% during the second quarter. State Street Corp now owns 27,225,558 shares of the oil and gas development company’s stock valued at $770,487,000 after purchasing an additional 1,471,064 shares in the last quarter. Finally, Ares Management LLC bought a new position in shares of Noble Energy during the second quarter valued at approximately $499,364,000. Institutional investors and hedge funds own 94.16% of the company’s stock.
A number of equities analysts have weighed in on NBL shares. Piper Jaffray Companies decreased their target price on shares of Noble Energy from $47.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Imperial Capital started coverage on shares of Noble Energy in a research note on Thursday, September 28th. They set an “outperform” rating and a $40.00 target price for the company. Mizuho reaffirmed a “buy” rating on shares of Noble Energy in a research note on Friday, September 29th. Stifel Nicolaus set a $39.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Jefferies Group downgraded shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $39.47.
In other Noble Energy news, CEO David L. Stover purchased 19,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were acquired at an average price of $26.31 per share, for a total transaction of $499,890.00. Following the purchase, the chief executive officer now directly owns 727,254 shares of the company’s stock, valued at approximately $19,134,052.74. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James E. Craddock sold 18,787 shares of Noble Energy stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total transaction of $536,744.59. Following the transaction, the director now owns 114,226 shares in the company, valued at approximately $3,263,436.82. The disclosure for this sale can be found here. Insiders have sold 518,787 shares of company stock valued at $14,283,745 in the last three months. 2.28% of the stock is owned by insiders.
Shares of Noble Energy, Inc. (NYSE:NBL) traded up $0.80 on Thursday, hitting $32.14. 3,882,663 shares of the company traded hands, compared to its average volume of 4,142,883. The company has a market capitalization of $15,640.00, a P/E ratio of -8.06 and a beta of 1.16. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. Noble Energy, Inc. has a 12 month low of $22.99 and a 12 month high of $40.89.
Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) earnings per share. equities analysts predict that Noble Energy, Inc. will post -0.01 earnings per share for the current fiscal year.
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About Noble Energy
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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