AXA lowered its position in shares of Noble Energy, Inc. (NYSE:NBL) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 362,873 shares of the oil and gas development company’s stock after selling 27,284 shares during the quarter. AXA owned about 0.07% of Noble Energy worth $10,291,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. State of Tennessee Treasury Department increased its holdings in shares of Noble Energy by 68.3% during the second quarter. State of Tennessee Treasury Department now owns 200,290 shares of the oil and gas development company’s stock valued at $5,668,000 after acquiring an additional 81,285 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Noble Energy during the second quarter valued at $460,000. CNH Partners LLC bought a new position in shares of Noble Energy during the second quarter valued at $1,348,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Noble Energy in the 3rd quarter worth about $11,285,000. Finally, South Dakota Investment Council increased its holdings in Noble Energy by 1.0% in the 2nd quarter. South Dakota Investment Council now owns 783,998 shares of the oil and gas development company’s stock worth $22,187,000 after buying an additional 7,400 shares in the last quarter. 94.16% of the stock is owned by institutional investors and hedge funds.
NBL has been the subject of several research analyst reports. Stifel Nicolaus set a $39.00 price objective on Noble Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. Mizuho reiterated a “buy” rating on shares of Noble Energy in a report on Friday, September 29th. Royal Bank of Canada set a $37.00 price objective on Noble Energy and gave the stock a “buy” rating in a report on Sunday, October 15th. BMO Capital Markets set a $33.00 price objective on Noble Energy and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 target price on shares of Noble Energy in a research report on Friday, November 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.47.
Noble Energy, Inc. (NYSE:NBL) traded up $0.09 during midday trading on Friday, reaching $32.23. The company had a trading volume of 4,255,016 shares, compared to its average volume of 4,155,333. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. Noble Energy, Inc. has a one year low of $22.99 and a one year high of $40.89. The stock has a market cap of $15,660.00, a PE ratio of -8.08 and a beta of 1.16.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.11. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The company had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $961.61 million. During the same period in the previous year, the firm earned ($0.07) EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. sell-side analysts predict that Noble Energy, Inc. will post -0.01 earnings per share for the current fiscal year.
In other Noble Energy news, Director James E. Craddock sold 18,787 shares of Noble Energy stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total value of $536,744.59. Following the sale, the director now owns 114,226 shares of the company’s stock, valued at approximately $3,263,436.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David L. Stover acquired 19,000 shares of Noble Energy stock in a transaction on Monday, December 18th. The stock was purchased at an average cost of $26.31 per share, for a total transaction of $499,890.00. Following the purchase, the chief executive officer now owns 727,254 shares in the company, valued at $19,134,052.74. The disclosure for this purchase can be found here. Over the last three months, insiders sold 518,787 shares of company stock worth $14,283,745. 2.28% of the stock is owned by insiders.
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.
Receive News & Ratings for Noble Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy and related companies with MarketBeat.com's FREE daily email newsletter.