Noble Energy Inc. (NBL) Position Lowered by Numeric Investors LLC
Numeric Investors LLC lowered its stake in Noble Energy Inc. (NYSE:NBL) by 89.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,100 shares of the oil and gas development company’s stock after selling 116,100 shares during the period. Numeric Investors LLC’s holdings in Noble Energy were worth $371,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp increased its position in shares of 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 worth $100,000 after purchasing an additional 153 shares during the period. Harbour Capital Advisors LLC bought a new position in shares of Noble Energy in the first quarter worth $136,000. Global X Management Co. LLC increased 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 purchasing an additional 1,319 shares during the period. Highbridge Capital Management LLC bought a new position in shares of Noble Energy in the first quarter worth $201,000. Finally, Blair William & Co. IL increased its position in shares of Noble Energy by 9.7% in the first quarter. Blair William & Co. IL now owns 5,913 shares of the oil and gas development company’s stock worth $206,000 after purchasing an additional 524 shares during the period. Institutional investors own 91.63% of the company’s stock.
Noble Energy Inc. (NYSE NBL) opened at 27.15 on Monday. The firm’s market capitalization is $12.81 billion. The company has a 50 day moving average price of $26.47 and a 200-day moving average price of $28.77. Noble Energy Inc. has a 1-year low of $22.99 and a 1-year 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 (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.18. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned ($0.24) EPS. Noble Energy’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, analysts forecast that Noble Energy Inc. will post ($0.15) EPS for the current fiscal year.
A number of research analysts recently commented on NBL shares. BMO Capital Markets set a $33.00 price target on Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies decreased their price target on Noble Energy from $47.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Cowen and Company set a $35.00 target price on Noble Energy and gave the company a “buy” rating in a research report on Tuesday, July 18th. Scotiabank set a $38.00 target price on Noble Energy and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Seaport Global Securities upgraded Noble Energy from a “sell” rating to a “neutral” rating and lifted their target price for the company 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, five have assigned a hold rating, eighteen 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 an average price target of $41.02.
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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