British Columbia Investment Management Corp raised its position in Noble Energy Inc. (NYSE:NBL) by 14.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,530 shares of the oil and gas development company’s stock after buying an additional 32,176 shares during the period. British Columbia Investment Management Corp owned approximately 0.06% of Noble Energy worth $9,133,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in 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. Vanguard Group Inc. raised its stake in Noble Energy by 1.6% in the second quarter. Vanguard Group Inc. now owns 27,700,989 shares of the oil and gas development company’s stock worth $993,635,000 after buying an additional 432,855 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Noble Energy by 1.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,211,942 shares of the oil and gas development company’s stock worth $402,172,000 after buying an additional 167,715 shares during the period. BlackRock Fund Advisors raised its stake in Noble Energy by 1.0% in the second quarter. BlackRock Fund Advisors now owns 7,705,343 shares of the oil and gas development company’s stock worth $276,391,000 after buying an additional 75,389 shares during the period. Finally, Carmignac Gestion acquired a new stake in Noble Energy during the second quarter worth approximately $218,343,000. Institutional investors and hedge funds own 93.26% of the company’s stock.

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

Noble Energy Inc. (NYSE:NBL) traded down 2.98% during trading on Monday, reaching $34.88. The company had a trading volume of 2,985,999 shares. Noble Energy Inc. has a one year low of $23.77 and a one year high of $38.62. The company has a 50-day moving average price of $35.97 and a 200 day moving average price of $35.60. The company’s market capitalization is $15.00 billion.

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

TRADEMARK VIOLATION NOTICE: This article was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright & trademark law. The original version of this article can be read at https://www.thecerbatgem.com/2016/11/28/noble-energy-inc-nbl-shares-bought-by-british-columbia-investment-management-corp.html.

A number of equities research analysts recently commented on NBL shares. Nomura restated a “buy” rating and set a $17.00 price target on shares of Noble Energy in a research report on Monday, September 26th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Noble Energy in a report on Thursday, November 10th. Bank of America Corp. reaffirmed a “hold” rating on shares of Noble Energy in a report on Thursday, November 17th. Jefferies Group reaffirmed a “buy” rating and set a $45.00 price objective on shares of Noble Energy in a report on Wednesday, October 19th. Finally, Seaport Global Securities downgraded Noble Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $45.00 to $38.00 in a report on Thursday, November 17th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company. Noble Energy currently has an average rating of “Buy” and an average price target of $40.71.

In related news, Director Jeffrey L. Berenson sold 10,000 shares of the company’s 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 directly owns 82,269 shares in the company, valued at approximately $2,801,259.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael W. Putnam sold 7,480 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $37.00, for a total transaction of $276,760.00. Following the sale, the vice president now owns 34,216 shares in the company, valued at $1,265,992. The disclosure for this sale can be found here. Corporate insiders own 2.17% of the company’s stock.

About Noble Energy

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

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