Mitsubishi UFJ Trust & Banking Corp decreased its position in Noble Energy, Inc. (NYSE:NBL) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 922,136 shares of the oil and gas development company’s stock after selling 7,307 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.19% of Noble Energy worth $26,152,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in shares of Noble Energy during the 2nd quarter worth approximately $106,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Noble Energy during the 3rd quarter worth approximately $155,000. Global X Management Co. LLC increased its stake in shares of Noble Energy by 22.6% during the 2nd quarter. Global X Management Co. LLC now owns 6,993 shares of the oil and gas development company’s stock worth $198,000 after purchasing an additional 1,291 shares during the last quarter. IndexIQ Advisors LLC purchased a new stake in shares of Noble Energy during the 2nd quarter worth approximately $214,000. Finally, Pacer Advisors Inc. increased its stake in shares of Noble Energy by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock worth $215,000 after purchasing an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.
In related news, Director Thomas J. Edelman sold 300,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.83, for a total transaction of $8,349,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Gary W. Willingham acquired 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $780,000.00. The disclosure for this purchase can be found here. Insiders sold 518,787 shares of company stock worth $14,283,745 in the last 90 days. Corporate insiders own 2.28% of the company’s stock.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $961.61 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities research analysts predict that Noble Energy, Inc. will post -0.01 EPS for the current fiscal year.
Several brokerages have recently issued reports on NBL. Barclays decreased their price target on shares of Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, November 16th. Jefferies Group downgraded shares of Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Monday, October 9th. JPMorgan Chase & Co. downgraded shares of Noble Energy from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Friday, December 15th. BMO Capital Markets set a $33.00 price objective on shares of Noble Energy and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Royal Bank of Canada set a $37.00 price target on shares of Noble Energy and gave the company a “buy” rating in a report on Sunday, October 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.35.
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Noble Energy Profile
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.
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