Noble Energy, Inc. (NYSE:NBL) Shares Sold by Seeyond

Seeyond reduced its stake in shares of Noble Energy, Inc. (NYSE:NBL) by 18.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,614 shares of the oil and gas development company’s stock after selling 2,104 shares during the period. Seeyond’s holdings in Noble Energy were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Noble Energy by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 6,154,920 shares of the oil and gas development company’s stock valued at $115,261,000 after buying an additional 425,920 shares during the period. Stephens Inc. AR acquired a new position in shares of Noble Energy in the 1st quarter valued at about $583,000. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Noble Energy by 4.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 38,327 shares of the oil and gas development company’s stock valued at $948,000 after buying an additional 1,691 shares during the period. First Mercantile Trust Co. boosted its holdings in shares of Noble Energy by 114.2% in the 1st quarter. First Mercantile Trust Co. now owns 6,341 shares of the oil and gas development company’s stock valued at $157,000 after buying an additional 3,381 shares during the period. Finally, State Treasurer State of Michigan boosted its holdings in shares of Noble Energy by 1.5% in the 1st quarter. State Treasurer State of Michigan now owns 139,361 shares of the oil and gas development company’s stock valued at $3,446,000 after buying an additional 2,000 shares during the period. 99.36% of the stock is owned by institutional investors.

NBL has been the subject of several research reports. Capital One Financial raised shares of Noble Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Oppenheimer raised shares of Noble Energy from a “market perform” rating to an “outperform” rating and set a $33.00 price target for the company in a report on Thursday, August 22nd. Morgan Stanley decreased their price target on shares of Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Piper Jaffray Companies set a $28.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Wells Fargo & Co lifted their price target on shares of Noble Energy from $26.00 to $28.00 and gave the company a “market perform” rating in a report on Monday, August 12th. Four analysts have rated the stock with a hold rating and fifteen 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 $32.21.

NYSE:NBL traded up $0.40 during mid-day trading on Friday, hitting $25.04. The stock had a trading volume of 3,417,587 shares, compared to its average volume of 4,529,087. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 27.82 and a beta of 1.36. The company has a 50 day simple moving average of $22.08 and a 200-day simple moving average of $23.00. Noble Energy, Inc. has a 52 week low of $17.11 and a 52 week high of $32.73. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.68.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas development company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a negative net margin of 19.93% and a positive return on equity of 0.87%. During the same period last year, the firm posted $0.17 EPS. As a group, equities research analysts anticipate that Noble Energy, Inc. will post -0.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.48 annualized dividend and a yield of 1.92%. Noble Energy’s dividend payout ratio is presently 53.33%.

Noble Energy Company 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. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.

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

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