MAI Capital Management trimmed its position in shares of Noble Energy, Inc. (NYSE:NBL) by 61.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,289 shares of the oil and gas development company’s stock after selling 14,614 shares during the period. MAI Capital Management’s holdings in Noble Energy were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Noble Energy by 0.6% in the first quarter. BlackRock Inc. now owns 33,398,878 shares of the oil and gas development company’s stock valued at $1,011,986,000 after purchasing an additional 209,747 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of Noble Energy by 12.1% in the second quarter. Artisan Partners Limited Partnership now owns 17,770,684 shares of the oil and gas development company’s stock valued at $626,950,000 after purchasing an additional 1,916,041 shares during the last quarter. Jennison Associates LLC grew its position in Noble Energy by 2.1% during the second quarter. Jennison Associates LLC now owns 7,754,063 shares of the oil and gas development company’s stock worth $273,563,000 after buying an additional 160,549 shares in the last quarter. American Century Companies Inc. grew its position in Noble Energy by 1.6% during the second quarter. American Century Companies Inc. now owns 7,460,070 shares of the oil and gas development company’s stock worth $263,191,000 after buying an additional 119,166 shares in the last quarter. Finally, FMR LLC grew its position in Noble Energy by 56.8% during the second quarter. FMR LLC now owns 7,170,389 shares of the oil and gas development company’s stock worth $252,972,000 after buying an additional 2,597,747 shares in the last quarter. Institutional investors and hedge funds own 97.68% of the company’s stock.
NBL traded up $0.63 during trading on Friday, hitting $31.61. The company had a trading volume of 4,937,948 shares, compared to its average volume of 4,586,195. The stock has a market capitalization of $15.07 billion, a P/E ratio of 101.97, a P/E/G ratio of 3.14 and a beta of 0.96. Noble Energy, Inc. has a one year low of $24.28 and a one year high of $37.76. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58.
Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Friday, August 3rd. The oil and gas development company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. Noble Energy had a net margin of 19.01% and a return on equity of 2.89%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, equities research analysts predict that Noble Energy, Inc. will post 0.99 EPS for the current fiscal year.
In other Noble Energy news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the business’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $17.75, for a total transaction of $250,935,264.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.96% of the company’s stock.
A number of equities research analysts recently weighed in on NBL shares. KLR Group reissued a “buy” rating and set a $61.00 target price on shares of Noble Energy in a research report on Monday, August 20th. Stifel Nicolaus set a $40.00 target price on Noble Energy and gave the stock a “buy” rating in a research report on Friday, August 3rd. Oppenheimer assumed coverage on shares of Noble Energy in a research note on Wednesday, October 3rd. They set a “market perform” rating and a $43.00 price target for the company. Morgan Stanley set a $38.00 price target on shares of Noble Energy and gave the stock a “hold” rating in a research note on Friday. Finally, Bank of America initiated coverage on shares of Noble Energy in a research note on Tuesday, July 10th. They set a “buy” rating and a $59.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.88.
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. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.
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