Banque Pictet & Cie SA increased its position in shares of Noble Energy Inc. (NYSE:NBL) by 53.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,000 shares of the oil and gas development company’s stock after acquiring an additional 17,000 shares during the quarter. Banque Pictet & Cie SA’s holdings in Noble Energy were worth $1,387,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NBL. Korea Investment CORP boosted its stake in Noble Energy by 22,039.6% during the 1st quarter. Korea Investment CORP now owns 112,248 shares of the oil and gas development company’s stock worth $3,855,000 after acquiring an additional 111,741 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in Noble Energy by 18.1% during the 1st quarter. Glen Harbor Capital Management LLC now owns 21,998 shares of the oil and gas development company’s stock worth $755,000 after acquiring an additional 3,366 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Noble Energy by 7.4% during the 1st quarter. Russell Investments Group Ltd. now owns 141,546 shares of the oil and gas development company’s stock worth $4,861,000 after acquiring an additional 9,699 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in Noble Energy by 2.4% during the 1st quarter. Wetherby Asset Management Inc. now owns 6,232 shares of the oil and gas development company’s stock worth $214,000 after acquiring an additional 147 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in Noble Energy by 13.8% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,447 shares of the oil and gas development company’s stock worth $1,251,000 after acquiring an additional 4,424 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Noble Energy Inc. (NYSE:NBL) opened at 24.22 on Monday. The company’s 50-day moving average is $25.98 and its 200-day moving average is $30.60. The firm’s market capitalization is $11.43 billion. Noble Energy Inc. has a one year low of $22.99 and a one year high of $42.03.

Noble Energy (NYSE:NBL) last issued 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 for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business earned ($0.24) EPS. The business’s revenue was up 25.0% on a year-over-year basis. Equities analysts forecast that Noble Energy Inc. will post ($0.15) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, August 3rd. Noble Energy’s dividend payout ratio (DPR) is presently -9.90%.

Several research analysts recently weighed in on the stock. Scotiabank reissued a “hold” rating and set a $38.00 price objective on shares of Noble Energy in a research note on Friday, June 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $47.00 price target on shares of Noble Energy in a research note on Tuesday, May 23rd. Citigroup Inc. cut their price target on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $43.00 price target on shares of Noble Energy in a research note on Friday, May 26th. Finally, Tudor Pickering raised shares of Noble Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $41.11.

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Noble Energy Profile

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.

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

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