Capital International Investors Raises Holdings in Noble Energy, Inc. (NYSE:NBL)
Capital International Investors lifted its stake in Noble Energy, Inc. (NYSE:NBL) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,603,752 shares of the oil and gas development company’s stock after buying an additional 514,767 shares during the quarter. Capital International Investors owned approximately 0.12% of Noble Energy worth $1,381,197,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Research Global Investors increased its stake in Noble Energy by 7.7% during the fourth quarter. Capital Research Global Investors now owns 44,012,968 shares of the oil and gas development company’s stock worth $1,093,282,000 after acquiring an additional 3,133,993 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Noble Energy during the 4th quarter valued at about $67,781,000. Phoenix Holdings Ltd. acquired a new stake in shares of Noble Energy during the 3rd quarter valued at about $28,283,000. Millennium Management LLC boosted its position in shares of Noble Energy by 17.3% during the 3rd quarter. Millennium Management LLC now owns 8,578,658 shares of the oil and gas development company’s stock valued at $192,676,000 after acquiring an additional 1,268,245 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Noble Energy by 5.0% during the 4th quarter. Boston Partners now owns 22,638,990 shares of the oil and gas development company’s stock valued at $562,240,000 after acquiring an additional 1,083,382 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.
NBL has been the topic of several recent research reports. Raymond James lowered shares of Noble Energy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 17th. Evercore ISI lowered shares of Noble Energy to a “sell” rating in a research report on Tuesday, March 17th. Wells Fargo & Co lowered their price target on shares of Noble Energy from $19.00 to $10.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. ValuEngine lowered shares of Noble Energy from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Finally, Cfra lowered their price target on shares of Noble Energy from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.33.
Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Wednesday, February 12th. The oil and gas development company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.10 billion. Noble Energy had a negative net margin of 25.33% and a negative return on equity of 0.82%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. On average, analysts expect that Noble Energy, Inc. will post -0.41 earnings per share for the current fiscal year.
In related news, COO Brent J. Smolik acquired 9,850 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $15.19 per share, for a total transaction of $149,621.50. Also, CEO David L. Stover acquired 36,000 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $4.31 per share, with a total value of $155,160.00. Following the purchase, the chief executive officer now directly owns 711,153 shares in the company, valued at $3,065,069.43. The disclosure for this purchase can be found here. Insiders have acquired 107,143 shares of company stock worth $543,966 over the last quarter. Corporate insiders own 1.81% of the company’s stock.
Noble Energy Company Profile
Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.
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