Speece Thorson Capital Group Inc. trimmed its holdings in Noble Co. (NYSE:NE) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,632,696 shares of the oil and gas company’s stock after selling 24,203 shares during the quarter. Speece Thorson Capital Group Inc.’s holdings in Noble were worth $7,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System increased its holdings in Noble by 0.8% during the 2nd quarter. California Public Employees Retirement System now owns 1,470,919 shares of the oil and gas company’s stock worth $5,325,000 after purchasing an additional 11,000 shares during the period. California State Teachers Retirement System increased its holdings in shares of Noble by 2.8% in the 3rd quarter. California State Teachers Retirement System now owns 444,840 shares of the oil and gas company’s stock valued at $2,046,000 after acquiring an additional 12,067 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Noble by 26.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 69,700 shares of the oil and gas company’s stock valued at $252,000 after acquiring an additional 14,590 shares during the period. Rhumbline Advisers increased its holdings in shares of Noble by 3.6% in the 3rd quarter. Rhumbline Advisers now owns 489,841 shares of the oil and gas company’s stock valued at $2,253,000 after acquiring an additional 17,231 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in shares of Noble by 0.9% in the 3rd quarter. Sterling Capital Management LLC now owns 2,302,948 shares of the oil and gas company’s stock valued at $10,594,000 after acquiring an additional 20,981 shares during the period. Hedge funds and other institutional investors own 85.57% of the company’s stock.

Shares of Noble Co. (NYSE:NE) opened at $3.84 on Wednesday. Noble Co. has a 52-week low of $3.14 and a 52-week high of $7.63. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $960.27, a PE ratio of -0.54 and a beta of 2.22.

A number of research analysts have recently issued reports on the company. Susquehanna Bancshares set a $5.00 price target on Noble and gave the company a “hold” rating in a report on Friday, January 12th. Royal Bank of Canada set a $5.00 price target on Noble and gave the company a “hold” rating in a report on Sunday, November 12th. Cowen set a $3.00 price target on Noble and gave the company a “hold” rating in a report on Wednesday, October 18th. Barclays set a $4.00 price target on Noble and gave the company a “hold” rating in a report on Tuesday, January 23rd. Finally, Zacks Investment Research cut Noble from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $4.97.

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About Noble

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.

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Institutional Ownership by Quarter for Noble (NYSE:NE)

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