Teacher Retirement System of Texas cut its position in shares of Noble Energy Inc. (NYSE:NBL) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 248,533 shares of the oil and gas development company’s stock after selling 14,070 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Noble Energy worth $8,883,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NBL. Delta Lloyd NV raised its stake in shares of Noble Energy by 29.5% in the third quarter. Delta Lloyd NV now owns 32,946 shares of the oil and gas development company’s stock valued at $1,177,000 after buying an additional 7,510 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Noble Energy by 434.3% in the third quarter. Toronto Dominion Bank now owns 12,599 shares of the oil and gas development company’s stock valued at $451,000 after buying an additional 10,241 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Noble Energy by 2,899.4% in the third quarter. Victory Capital Management Inc. now owns 2,023,812 shares of the oil and gas development company’s stock valued at $72,331,000 after buying an additional 1,956,339 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Noble Energy by 1.3% in the third quarter. TD Asset Management Inc. now owns 200,149 shares of the oil and gas development company’s stock valued at $7,153,000 after buying an additional 2,602 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Noble Energy by 0.7% in the third quarter. State Treasurer State of Michigan now owns 149,913 shares of the oil and gas development company’s stock valued at $5,358,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 93.26% of the company’s stock.

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

Noble Energy Inc. (NYSE:NBL) traded up 11.05% during mid-day trading on Wednesday, reaching $38.50. 4,271,143 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $35.96 and a 200-day moving average of $35.57. Noble Energy Inc. has a 12 month low of $23.77 and a 12 month high of $38.92. The firm’s market cap is $16.55 billion.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. Noble Energy’s payout ratio is presently -6.19%.

ILLEGAL ACTIVITY WARNING: This report was first published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this report on another website, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2016/11/30/noble-energy-inc-nbl-shares-sold-by-teacher-retirement-system-of-texas.html.

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

In other Noble Energy news, VP Michael W. Putnam sold 7,480 shares of the 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 transaction, the vice president now owns 34,216 shares in the company, valued at approximately $1,265,992. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas J. Edelman sold 12,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,032,978 shares in the company, valued at approximately $101,968,720.36. 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

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.