Great West Life Assurance Co. Can increased its stake in Noble Corporation (NYSE:NE) by 85.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,139 shares of the oil and gas company’s stock after buying an additional 179,142 shares during the period. Great West Life Assurance Co. Can owned approximately 0.16% of Noble Corporation worth $1,401,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NE. BlackRock Inc. increased its stake in Noble Corporation by 13,598.2% in the first quarter. BlackRock Inc. now owns 23,547,082 shares of the oil and gas company’s stock valued at $145,756,000 after buying an additional 23,375,183 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Noble Corporation by 57.3% in the first quarter. Dimensional Fund Advisors LP now owns 20,624,594 shares of the oil and gas company’s stock valued at $127,666,000 after buying an additional 7,514,153 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Noble Corporation during the first quarter valued at approximately $30,425,000. Marshall Wace North America L.P. acquired a new stake in shares of Noble Corporation during the first quarter valued at approximately $30,425,000. Finally, State Street Corp increased its stake in shares of Noble Corporation by 24.1% in the first quarter. State Street Corp now owns 17,038,499 shares of the oil and gas company’s stock valued at $105,467,000 after buying an additional 3,303,316 shares in the last quarter. Institutional investors own 95.64% of the company’s stock.

Shares of Noble Corporation (NYSE NE) opened at 3.26 on Friday. The company’s market capitalization is $798.38 million. The firm’s 50-day moving average price is $3.65 and its 200-day moving average price is $4.76. Noble Corporation has a 12-month low of $3.14 and a 12-month high of $8.37.

Noble Corporation (NYSE:NE) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.02. The business had revenue of $278.10 million during the quarter, compared to analyst estimates of $284.99 million. Noble Corporation had a negative net margin of 122.04% and a negative return on equity of 3.19%. The company’s revenue was down 68.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. On average, analysts expect that Noble Corporation will post ($1.25) EPS for the current fiscal year.

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Several brokerages have commented on NE. Seaport Global Securities reiterated a “neutral” rating on shares of Noble Corporation in a research note on Monday, August 7th. Argus reiterated a “sell” rating and set a $6.00 target price on shares of Noble Corporation in a research note on Friday, August 18th. Jefferies Group LLC set a $7.00 target price on Noble Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Royal Bank Of Canada upgraded Noble Corporation from an “underperform” rating to a “sector perform” rating and set a $5.00 target price on the stock in a research note on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) upgraded Noble Corporation to a “sell” rating in a research note on Wednesday, August 9th. Seven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Noble Corporation presently has an average rating of “Hold” and a consensus target price of $6.09.

Noble Corporation Company Profile

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

Institutional Ownership by Quarter for Noble Corporation (NYSE:NE)

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