CFO4Life Group LLC lowered its position in Noble Co. (NYSE:NE) by 16.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,660 shares of the oil and gas company’s stock after selling 10,077 shares during the period. CFO4Life Group LLC’s holdings in Noble were worth $234,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Schroder Investment Management Group increased its position in Noble by 159.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,408,446 shares of the oil and gas company’s stock valued at $6,395,000 after buying an additional 864,600 shares in the last quarter. Russell Investments Group Ltd. increased its position in Noble by 13.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 322,105 shares of the oil and gas company’s stock valued at $1,482,000 after buying an additional 38,761 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Noble by 23.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 268,117 shares of the oil and gas company’s stock valued at $1,233,000 after buying an additional 50,085 shares in the last quarter. State Street Corp increased its position in Noble by 31.7% during the 2nd quarter. State Street Corp now owns 22,444,196 shares of the oil and gas company’s stock valued at $81,248,000 after buying an additional 5,405,697 shares in the last quarter. Finally, Northern Trust Corp increased its position in Noble by 33.8% during the 2nd quarter. Northern Trust Corp now owns 3,337,639 shares of the oil and gas company’s stock valued at $12,082,000 after buying an additional 843,007 shares in the last quarter. 86.80% of the stock is owned by hedge funds and other institutional investors.

NE has been the topic of several recent analyst reports. Zacks Investment Research upgraded Noble from a “sell” rating to a “hold” rating in a research note on Monday. Cowen set a $5.00 target price on Noble and gave the company a “hold” rating in a research note on Thursday, January 11th. Piper Jaffray Companies reiterated an “underweight” rating on shares of Noble in a research note on Thursday, January 11th. UBS Group upgraded Noble from a “neutral” rating to a “buy” rating and increased their target price for the company from $4.00 to $6.00 in a research note on Monday, September 25th. Finally, Susquehanna Bancshares set a $5.00 target price on Noble and gave the company a “hold” rating in a research note on Friday, January 12th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $5.41.

Noble Co. (NE) traded up $0.10 during mid-day trading on Monday, hitting $5.10. The stock had a trading volume of 10,280,300 shares, compared to its average volume of 10,102,377. The stock has a market cap of $1,250.00, a P/E ratio of -0.70 and a beta of 2.34. Noble Co. has a 52-week low of $3.14 and a 52-week high of $7.76. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.64.

Noble (NYSE:NE) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.36) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.36). The firm had revenue of $266.20 million for the quarter, compared to the consensus estimate of $269.61 million. Noble had a negative return on equity of 3.94% and a negative net margin of 136.22%. The company’s revenue for the quarter was down 30.9% on a year-over-year basis. During the same period last year, the business posted ($0.23) EPS. sell-side analysts expect that Noble Co. will post -1.18 earnings per share for the current year.

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Noble Company Profile

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

Institutional Ownership by Quarter for Noble (NYSE:NE)

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