First Trust Advisors LP reduced its stake in Noble Energy Inc. (NYSE:NBL) by 27.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 423,083 shares of the oil and gas development company’s stock after selling 158,656 shares during the period. First Trust Advisors LP owned approximately 0.10% of Noble Energy worth $15,121,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Capital Research Global Investors raised its stake in Noble Energy by 19.0% in the second quarter. Capital Research Global Investors now owns 49,608,485 shares of the oil and gas development company’s stock worth $1,779,456,000 after buying an additional 7,920,780 shares during the period. Carmignac Gestion bought a new stake in Noble Energy during the second quarter worth $218,343,000. Artisan Partners Limited Partnership raised its stake in Noble Energy by 46.8% in the second quarter. Artisan Partners Limited Partnership now owns 4,885,660 shares of the oil and gas development company’s stock worth $175,249,000 after buying an additional 1,557,412 shares during the period. Ameriprise Financial Inc. raised its stake in Noble Energy by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 4,945,066 shares of the oil and gas development company’s stock worth $177,375,000 after buying an additional 1,444,868 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Noble Energy during the second quarter worth $36,613,000. 93.26% of the stock is owned by institutional investors and hedge funds.

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

Noble Energy Inc. (NYSE:NBL) traded down 2.45% during midday trading on Monday, hitting $35.07. The company had a trading volume of 1,839,051 shares. The stock’s market capitalization is $15.08 billion. The stock has a 50 day moving average price of $35.97 and a 200-day moving average price of $35.60. Noble Energy Inc. has a 52 week low of $23.77 and a 52 week high of $38.62.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, November 3rd. Noble Energy’s payout ratio is currently -6.19%.

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A number of analysts have recently weighed in on the company. Credit Suisse Group AG reissued a “buy” rating on shares of Noble Energy in a research note on Thursday, November 10th. Nomura reissued a “buy” rating and set a $41.00 price objective on shares of Noble Energy in a research note on Monday, November 7th. Jefferies Group reissued a “buy” rating and set a $45.00 price objective on shares of Noble Energy in a research note on Thursday, November 3rd. Bank of America Corp. reissued a “hold” rating on shares of Noble Energy in a research note on Thursday, November 17th. Finally, Seaport Global Securities lowered Noble Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $45.00 to $38.00 in a research note on Thursday, November 17th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $40.71.

In related news, Director Thomas J. Edelman sold 12,000 shares of the business’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $33.62, for a total transaction of $403,440.00. Following the completion of the transaction, the director now owns 3,032,978 shares in the company, valued at approximately $101,968,720.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael W. Putnam sold 7,480 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $37.00, for a total value of $276,760.00. Following the transaction, the vice president now owns 34,216 shares of the company’s stock, valued at approximately $1,265,992. The disclosure for this sale can be found here. Corporate 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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