Fmr LLC Has $216.08 Million Stake in Noble Energy Inc. (NBL)
Fmr LLC lessened its stake in shares of Noble Energy Inc. (NYSE:NBL) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,635,330 shares of the oil and gas development company’s stock after selling 1,074,528 shares during the quarter. Fmr LLC owned about 1.57% of Noble Energy worth $216,080,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of NBL. Creative Planning grew its position in Noble Energy by 34.1% in the 2nd quarter. Creative Planning now owns 36,377 shares of the oil and gas development company’s stock valued at $1,029,000 after buying an additional 9,247 shares during the last quarter. Shell Asset Management Co. raised its position in Noble Energy by 4.4% during the 2nd quarter. Shell Asset Management Co. now owns 108,468 shares of the oil and gas development company’s stock worth $3,070,000 after buying an additional 4,528 shares during the last quarter. Morgan Stanley raised its position in Noble Energy by 12.5% during the 1st quarter. Morgan Stanley now owns 2,704,117 shares of the oil and gas development company’s stock worth $92,859,000 after buying an additional 301,069 shares during the last quarter. Bridgewater Associates LP raised its position in Noble Energy by 1.3% during the 1st quarter. Bridgewater Associates LP now owns 107,164 shares of the oil and gas development company’s stock worth $3,680,000 after buying an additional 1,402 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its position in Noble Energy by 68.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 200,290 shares of the oil and gas development company’s stock worth $5,668,000 after buying an additional 81,285 shares during the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on NBL. Imperial Capital started coverage on shares of Noble Energy in a research note on Thursday, September 28th. They set an “outperform” rating and a $40.00 price target on the stock. Mizuho restated a “buy” rating on shares of Noble Energy in a research report on Friday. Seaport Global Securities raised Noble Energy from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $23.00 to $26.00 in a report on Friday, August 11th. Cowen and Company set a $35.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Barclays PLC boosted their target price on Noble Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $41.30.
Shares of Noble Energy Inc. (NYSE:NBL) opened at 28.30 on Tuesday. The firm’s 50 day moving average is $25.31 and its 200 day moving average is $29.14. The firm’s market capitalization is $13.36 billion. Noble Energy Inc. has a 1-year low of $22.99 and a 1-year high of $42.03.
Noble Energy (NYSE:NBL) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 positive return on equity of 0.86% and a negative net margin of 46.63%. Noble Energy’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) EPS. Analysts anticipate that Noble Energy Inc. will post ($0.16) EPS for the current fiscal year.
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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.
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