Teachers Advisors LLC trimmed its position in shares of Noble Energy Inc. (NYSE:NBL) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 848,018 shares of the oil and gas development company’s stock after selling 19,146 shares during the period. Teachers Advisors LLC owned approximately 0.17% of Noble Energy worth $23,999,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NBL. Russell Investments Group Ltd. grew its holdings 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 valued at $4,861,000 after purchasing an additional 9,699 shares in the last quarter. US Bancorp DE grew its holdings in Noble Energy by 6.8% during the 1st quarter. US Bancorp DE now owns 37,947 shares of the oil and gas development company’s stock valued at $1,303,000 after purchasing an additional 2,421 shares in the last quarter. Virginia Retirement Systems ET AL grew its holdings in Noble Energy by 5.1% during the 1st quarter. Virginia Retirement Systems ET AL now owns 19,238 shares of the oil and gas development company’s stock valued at $661,000 after purchasing an additional 938 shares in the last quarter. Martingale Asset Management L P grew its holdings in Noble Energy by 9.8% during the 1st quarter. Martingale Asset Management L P now owns 43,149 shares of the oil and gas development company’s stock valued at $1,482,000 after purchasing an additional 3,867 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Noble Energy by 2.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,842 shares of the oil and gas development company’s stock valued at $304,000 after purchasing an additional 203 shares in the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

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Noble Energy Inc. (NYSE NBL) opened at 27.02 on Friday. The stock has a 50 day moving average of $24.87 and a 200-day moving average of $29.58. Noble Energy Inc. has a 52-week low of $22.99 and a 52-week high of $42.03. The company’s market capitalization is $12.75 billion.

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

A number of equities research analysts recently weighed in on NBL shares. Seaport Global Securities lowered shares of Noble Energy from a “neutral” rating to a “sell” rating and lowered their price target for the company from $36.00 to $23.00 in a report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price target on shares of Noble Energy in a report on Thursday, July 20th. Scotiabank set a $38.00 price target on shares of Noble Energy and gave the company a “hold” rating in a report on Thursday, August 3rd. BidaskClub lowered shares of Noble Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Finally, Citigroup Inc. lowered their price target on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $41.36.

Noble Energy Company 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.

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

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