Pinebridge Investments L.P. increased its holdings in shares of Noble Energy Inc. (NYSE:NBL) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,748 shares of the oil and gas development company’s stock after buying an additional 872 shares during the period. Pinebridge Investments L.P.’s holdings in Noble Energy were worth $276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NBL. HighTower Advisors LLC lifted its holdings in Noble Energy by 0.4% in the first quarter. HighTower Advisors LLC now owns 12,644 shares of the oil and gas development company’s stock valued at $434,000 after buying an additional 52 shares during the period. Fifth Third Bancorp boosted 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 acquiring an additional 153 shares during the last quarter. Cadence Capital Management LLC boosted its stake in Noble Energy by 1.0% in the second quarter. Cadence Capital Management LLC now owns 15,922 shares of the oil and gas development company’s stock valued at $451,000 after acquiring an additional 163 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Noble Energy by 2.3% in the first 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 acquiring an additional 203 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Noble Energy by 3.2% in the first quarter. Pacer Advisors Inc. now owns 7,018 shares of the oil and gas development company’s stock valued at $241,000 after acquiring an additional 220 shares during the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

NBL has been the subject of a number of analyst reports. Barclays PLC lifted their target price on shares of Noble Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 price target (down previously from $36.00) on shares of Noble Energy in a research note on Tuesday, August 29th. Piper Jaffray Companies reissued a “buy” rating on shares of Noble Energy in a research note on Sunday, August 20th. Stifel Nicolaus restated a “buy” rating and issued a $39.00 price target on shares of Noble Energy in a research report on Friday, July 14th. Finally, Mizuho restated a “buy” rating on shares of Noble Energy in a research report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.30.

Shares of Noble Energy Inc. (NBL) opened at 28.21 on Wednesday. The company has a 50-day moving average price of $25.42 and a 200-day moving average price of $29.10. The firm’s market cap is $13.32 billion. 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 quarterly 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 business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.24) EPS. Analysts forecast that Noble Energy Inc. will post ($0.16) earnings per share for the current fiscal year.

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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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