Noble Energy, Inc. (NBL) Stake Lessened by National Investment Services Inc. WI

National Investment Services Inc. WI lessened its stake in Noble Energy, Inc. (NYSE:NBL) by 56.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,805 shares of the oil and gas development company’s stock after selling 58,628 shares during the quarter. National Investment Services Inc. WI’s holdings in Noble Energy were worth $1,581,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of NBL. BlackRock Inc. raised its stake in Noble Energy by 0.6% during the first quarter. BlackRock Inc. now owns 33,398,878 shares of the oil and gas development company’s stock worth $1,011,986,000 after acquiring an additional 209,747 shares during the period. Artisan Partners Limited Partnership raised its stake in Noble Energy by 95.1% during the first quarter. Artisan Partners Limited Partnership now owns 15,854,643 shares of the oil and gas development company’s stock worth $480,396,000 after acquiring an additional 7,730,137 shares during the period. Geode Capital Management LLC raised its stake in Noble Energy by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 5,235,837 shares of the oil and gas development company’s stock worth $152,254,000 after acquiring an additional 140,886 shares during the period. Dimensional Fund Advisors LP raised its stake in Noble Energy by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,145,255 shares of the oil and gas development company’s stock worth $125,601,000 after acquiring an additional 15,133 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Noble Energy by 2.7% during the first quarter. Neuberger Berman Group LLC now owns 4,120,531 shares of the oil and gas development company’s stock worth $124,213,000 after acquiring an additional 107,062 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Shares of Noble Energy stock traded down $0.63 on Monday, hitting $34.65. The company had a trading volume of 256,948 shares, compared to its average volume of 4,708,519. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $17.09 billion, a PE ratio of 111.61, a price-to-earnings-growth ratio of 3.09 and a beta of 1.07. Noble Energy, Inc. has a 52 week low of $22.99 and a 52 week high of $37.67.

Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Tuesday, May 1st. The oil and gas development company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.07. Noble Energy had a negative net margin of 13.32% and a positive return on equity of 3.25%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm posted ($0.05) earnings per share. The business’s revenue was up 24.1% on a year-over-year basis. analysts forecast that Noble Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on NBL shares. Johnson Rice upgraded shares of Noble Energy from an “accumulate” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, April 25th. Stifel Nicolaus set a $44.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Credit Suisse Group set a $40.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research note on Friday, April 13th. Royal Bank of Canada set a $39.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a research note on Friday, April 13th. Finally, BMO Capital Markets restated a “buy” rating and issued a $40.00 target price on shares of Noble Energy in a research report on Wednesday, April 11th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Noble Energy presently has a consensus rating of “Buy” and an average target price of $40.30.

In related news, VP J. Keith Elliott sold 6,000 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $33.27, for a total transaction of $199,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Nbl Midstream, Llc sold 7,475,000 shares of the stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $18.03, for a total transaction of $134,774,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,498,520 shares of company stock valued at $135,604,590. Company insiders own 1.96% of the company’s stock.

Noble Energy Profile

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

Want to see what other hedge funds are holding NBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Energy, Inc. (NYSE:NBL).

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

Receive News & Ratings for Noble Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply