Bank of New York Mellon Corp boosted its stake in shares of Noble Energy Inc. (NYSE:NBL) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,634,169 shares of the oil and gas development company’s stock after buying an additional 9,535 shares during the period. Bank of New York Mellon Corp owned about 0.84% of Noble Energy worth $102,846,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in NBL. Fifth Third Bancorp raised its stake in Noble Energy by 5.5% in the first quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock valued at $100,000 after buying an additional 153 shares during the period. Harbour Capital Advisors LLC bought a new stake in Noble Energy during the first quarter valued at $136,000. Global X Management Co. LLC raised its stake in Noble Energy by 30.1% in the first quarter. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company’s stock valued at $196,000 after buying an additional 1,319 shares during the period. Highbridge Capital Management LLC bought a new stake in Noble Energy during the first quarter valued at $201,000. Finally, Blair William & Co. IL raised its stake in Noble Energy by 9.7% in the first quarter. Blair William & Co. IL now owns 5,913 shares of the oil and gas development company’s stock valued at $206,000 after buying an additional 524 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Shares of Noble Energy Inc. (NYSE NBL) opened at 23.65 on Friday. The stock’s 50 day moving average price is $26.53 and its 200-day moving average price is $31.13. Noble Energy Inc. has a 52-week low of $23.01 and a 52-week high of $42.03. The company’s market capitalization is $11.16 billion.

Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.18. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company earned ($0.24) earnings per share. Noble Energy’s revenue was up 25.0% compared to the same quarter last year. On average, analysts expect that Noble Energy Inc. will post ($0.15) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.69%. The ex-dividend date was Thursday, August 3rd. Noble Energy’s dividend payout ratio (DPR) is -9.90%.

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Several equities research analysts recently weighed in on NBL shares. Jefferies Group LLC set a $40.00 target price on Noble Energy and gave the stock a “buy” rating in a report on Wednesday, May 17th. Bank of America Corporation upgraded Noble Energy from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $53.00 to $49.00 in a report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and issued a $43.00 target price on shares of Noble Energy in a report on Friday, May 26th. Piper Jaffray Companies restated a “buy” rating and issued a $47.00 target price on shares of Noble Energy in a report on Tuesday, May 23rd. Finally, Cowen and Company set a $45.00 target price on Noble Energy and gave the stock a “buy” rating in a report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Noble Energy has an average rating of “Buy” and a consensus price target of $41.48.

About Noble Energy

Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.

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

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