Investment Management of Virginia LLC reduced its position in Noble Energy Inc. (NYSE:NBL) by 21.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,536 shares of the oil and gas development company’s stock after selling 25,800 shares during the period. Investment Management of Virginia LLC’s holdings in Noble Energy were worth $2,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NBL. HighTower Advisors LLC lifted its stake in Noble Energy by 0.4% during the 1st quarter. HighTower Advisors LLC now owns 12,644 shares of the oil and gas development company’s stock valued at $434,000 after acquiring an additional 52 shares in the last quarter. Cadence Capital Management LLC lifted its stake in Noble Energy by 1.0% during the 2nd 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 in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Noble Energy by 3.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,135 shares of the oil and gas development company’s stock valued at $259,000 after acquiring an additional 293 shares in the last quarter. Norway Savings Bank lifted its stake in Noble Energy by 1.9% during the 2nd quarter. Norway Savings Bank now owns 15,985 shares of the oil and gas development company’s stock valued at $452,000 after acquiring an additional 300 shares in the last quarter. Finally, Energy Opportunities Capital Management LLC lifted its stake in Noble Energy by 0.4% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 68,867 shares of the oil and gas development company’s stock valued at $1,949,000 after acquiring an additional 305 shares in the last quarter. Institutional investors own 91.65% of the company’s stock.

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In other news, Director James E. Craddock sold 18,787 shares of Noble Energy stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total transaction of $536,744.59. Following the completion of the sale, the director now owns 114,226 shares in the company, valued at approximately $3,263,436.82. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.28% of the company’s stock.

Noble Energy Inc. (NYSE NBL) traded up $0.70 during mid-day trading on Tuesday, reaching $29.00. The company’s stock had a trading volume of 6,056,905 shares, compared to its average volume of 4,640,000. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75. The stock has a market cap of $14,000.00, a price-to-earnings ratio of 117.92 and a beta of 1.18. 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 earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.11. The business had revenue of $960.00 million during the quarter, compared to analyst estimates of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS. sell-side analysts expect that Noble Energy Inc. will post -0.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. Noble Energy’s dividend payout ratio (DPR) is presently -10.03%.

Several equities analysts have weighed in on NBL shares. Citigroup Inc. dropped their price objective on Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and set a $38.00 price objective on shares of Noble Energy in a research note on Thursday, July 20th. Cowen and Company set a $35.00 price objective on Noble Energy and gave the company a “buy” rating in a research note on Tuesday, July 18th. Stifel Nicolaus restated a “buy” rating and set a $39.00 price objective on shares of Noble Energy in a research note on Friday, July 14th. Finally, Jefferies Group LLC restated a “buy” rating and set a $32.00 price objective (down from $36.00) on shares of Noble Energy in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.76.

About Noble Energy

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.

Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

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