Sumitomo Mitsui Trust Holdings Inc. decreased its stake in shares of Noble Energy Inc. (NYSE:NBL) by 21.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,228,153 shares of the oil and gas development company’s stock after selling 336,226 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.29% of Noble Energy worth $44,054,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Noble Energy by 2.7% in the first quarter. Geode Capital Management LLC now owns 3,493,380 shares of the oil and gas development company’s stock worth $109,506,000 after buying an additional 91,877 shares during the period. Cleararc Capital Inc. boosted its stake in shares of Noble Energy by 0.4% in the first quarter. Cleararc Capital Inc. now owns 10,453 shares of the oil and gas development company’s stock worth $328,000 after buying an additional 39 shares during the period. AXA boosted its stake in shares of Noble Energy by 3.4% in the first quarter. AXA now owns 228,124 shares of the oil and gas development company’s stock worth $7,165,000 after buying an additional 7,473 shares during the period. Pictet Asset Management Ltd. boosted its stake in shares of Noble Energy by 2.1% in the first quarter. Pictet Asset Management Ltd. now owns 226,139 shares of the oil and gas development company’s stock worth $6,671,000 after buying an additional 4,700 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Noble Energy during the first quarter worth $153,000. Institutional investors own 93.82% of the company’s stock.

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

Noble Energy Inc. (NYSE:NBL) traded down 0.51% during trading on Tuesday, reaching $35.09. 2,206,739 shares of the company traded hands. The company’s market capitalization is $15.09 billion. The firm has a 50-day moving average price of $34.96 and a 200-day moving average price of $35.17. Noble Energy Inc. has a 52 week low of $23.77 and a 52 week high of $39.85.

Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Wednesday, August 3rd. The oil and gas development company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.05. Noble Energy had a negative net margin of 90.52% and a negative return on equity of 2.16%. The business earned $847 million during the quarter, compared to analysts’ expectations of $909.36 million. During the same period in the previous year, the business posted $0.26 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. Analysts forecast that Noble Energy Inc. will post ($1.06) earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on NBL shares. Johnson Rice restated a “buy” rating and issued a $21.00 price objective (up previously from $19.00) on shares of Noble Energy in a report on Thursday, September 15th. Nomura restated a “buy” rating and issued a $17.00 price objective on shares of Noble Energy in a report on Monday, September 26th. Mizuho started coverage on shares of Noble Energy in a report on Friday. They issued a “buy” rating and a $44.00 price objective on the stock. Barclays PLC upped their price objective on shares of Noble Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, July 14th. Finally, Citigroup Inc. upgraded shares of Noble Energy from a “neutral” rating to a “buy” rating in a report on Thursday, July 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $40.23.

In other Noble Energy news, Director Thomas J. Edelman sold 12,000 shares of Noble Energy stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $33.62, for a total transaction of $403,440.00. Following the completion of the sale, the director now directly owns 3,032,978 shares in the company, valued at approximately $101,968,720.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey L. Berenson sold 10,000 shares of Noble Energy stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $34.05, for a total transaction of $340,500.00. Following the sale, the director now owns 82,269 shares of the company’s stock, valued at $2,801,259.45. The disclosure for this sale can be found here. Company insiders own 2.17% of the company’s stock.

Noble Energy Company Profile

Noble Energy, Inc is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs.

5 Day Chart for NYSE:NBL

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