Noble Energy Inc. (NBL) Shares Bought by Van ECK Associates Corp
Van ECK Associates Corp increased its holdings in shares of Noble Energy Inc. (NYSE:NBL) by 59.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,037 shares of the oil and gas development company’s stock after buying an additional 29,203 shares during the quarter. Van ECK Associates Corp’s holdings in Noble Energy were worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the company. Fifth Third Bancorp grew 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 purchasing an additional 153 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Noble Energy in the first quarter worth about $132,000. Harbour Capital Advisors LLC acquired a new stake in shares of Noble Energy in the first quarter worth about $136,000. Global X Management Co. LLC lifted its position in shares of 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 worth $196,000 after buying an additional 1,319 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Noble Energy in the first quarter worth about $201,000. Institutional investors and hedge funds own 91.68% of the company’s stock.
NBL has been the subject of a number of analyst reports. ValuEngine cut Noble Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Noble Energy in a research report on Friday, June 2nd. Tudor Pickering raised Noble Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. BidaskClub raised Noble Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Citigroup Inc. cut Noble Energy from a “buy” rating to a “neutral” rating in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $41.36.
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Noble Energy Inc. (NYSE:NBL) opened at 27.76 on Tuesday. The company’s market capitalization is $13.10 billion. The firm has a 50-day moving average price of $24.87 and a 200-day moving average price of $29.58. Noble Energy Inc. has a 12 month low of $22.99 and a 12 month high of $42.03.
Noble Energy (NYSE:NBL) last posted its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.18. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The company’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. On average, equities analysts anticipate that Noble Energy Inc. will post ($0.15) earnings per share for the current fiscal year.
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.
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