Voya Investment Management LLC Has $15.74 Million Position in Noble Energy Inc. (NBL)
Voya Investment Management LLC lowered its holdings in Noble Energy Inc. (NYSE:NBL) by 14.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 556,346 shares of the oil and gas development company’s stock after selling 97,375 shares during the period. Voya Investment Management LLC owned about 0.12% of Noble Energy worth $15,744,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of NBL. Fifth Third Bancorp grew its stake in 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 valued at $100,000 after purchasing an additional 153 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Noble Energy in the 1st quarter valued at approximately $136,000. Global X Management Co. LLC raised its position in shares of Noble Energy by 30.1% in 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 purchasing an additional 1,319 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Noble Energy in the 1st quarter valued at approximately $201,000. Finally, Blair William & Co. IL raised its position in shares of 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 purchasing an additional 524 shares in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.
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Noble Energy Inc. (NYSE 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. Noble Energy Inc. has a one year low of $22.99 and a one year high of $42.03. The company’s market capitalization is $13.32 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 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted ($0.24) EPS. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. Equities research analysts anticipate that Noble Energy Inc. will post ($0.16) EPS for the current year.
A number of research firms have recently weighed in on NBL. Barclays PLC lifted their price target on shares of Noble Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $32.00 price target (down from $36.00) on shares of Noble Energy in a report on Tuesday, August 29th. Piper Jaffray Companies reiterated a “buy” rating on shares of Noble Energy in a research note on Sunday, August 20th. Stifel Nicolaus reiterated a “buy” rating and set a $39.00 price objective on shares of Noble Energy in a research note on Friday, July 14th. Finally, Mizuho reissued a “buy” rating on shares of Noble Energy in a report on Friday, September 29th. 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 issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $41.30.
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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