Capital International Investors grew its holdings in Noble Energy Inc. (NYSE:NBL) by 0.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,412,205 shares of the oil and gas development company’s stock after buying an additional 15,527 shares during the quarter. Capital International Investors owned 0.72% of Noble Energy worth $96,565,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp raised its stake in shares of Noble Energy by 5.5% during the 1st quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock worth $100,000 after buying an additional 153 shares during the period. Harbour Capital Advisors LLC purchased a new position in shares of Noble Energy during the 1st quarter valued at approximately $136,000. Global X Management Co. LLC lifted its position in shares of Noble Energy by 30.1% during the 1st quarter. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company’s stock valued at $196,000 after buying an additional 1,319 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Noble Energy during the 1st quarter valued at approximately $201,000. Finally, Blair William & Co. IL grew its stake in Noble Energy by 9.7% in the 1st quarter. Blair William & Co. IL now owns 5,913 shares of the oil and gas development company’s stock valued at $206,000 after acquiring an additional 524 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

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Noble Energy Inc. (NYSE:NBL) traded up 0.57% during midday trading on Wednesday, reaching $28.37. The company’s stock had a trading volume of 603,703 shares. The firm’s 50-day moving average price is $25.42 and its 200-day moving average price is $29.10. Noble Energy Inc. has a 52 week low of $22.99 and a 52 week high of $42.03. The stock’s market capitalization is $13.39 billion.

Noble Energy (NYSE:NBL) last released its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm earned ($0.24) EPS. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. On average, analysts anticipate that Noble Energy Inc. will post ($0.16) earnings per share for the current year.

A number of equities analysts have weighed in on NBL shares. Piper Jaffray Companies reduced their price objective on shares of Noble Energy from $47.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. BidaskClub upgraded shares of Noble Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Cowen and Company set a $35.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Scotiabank set a $38.00 target price on shares of Noble Energy and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, Seaport Global Securities upgraded shares of Noble Energy from a “sell” rating to a “neutral” rating and upped their price target for the stock from $23.00 to $26.00 in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $41.30.

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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