United Capital Financial Advisers LLC increased its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 23.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,510 shares of the oil and gas development company’s stock after purchasing an additional 1,823 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Noble Energy were worth $288,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new position in Noble Energy during the fourth quarter worth $4,387,000. Hoylecohen LLC acquired a new position in Noble Energy during the fourth quarter worth $1,675,000. Amalgamated Bank boosted its holdings in Noble Energy by 10.4% during the fourth quarter. Amalgamated Bank now owns 57,039 shares of the oil and gas development company’s stock worth $1,662,000 after purchasing an additional 5,384 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in Noble Energy by 9.5% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 91,487 shares of the oil and gas development company’s stock worth $2,665,000 after purchasing an additional 7,964 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in Noble Energy by 2.0% during the fourth quarter. Guggenheim Capital LLC now owns 1,478,202 shares of the oil and gas development company’s stock worth $43,074,000 after purchasing an additional 28,550 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.
Several brokerages recently commented on NBL. Credit Suisse Group increased their target price on shares of Noble Energy from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Sunday, May 20th. SunTrust Banks began coverage on shares of Noble Energy in a report on Friday, May 18th. They set a “buy” rating and a $42.00 target price for the company. ValuEngine upgraded shares of Noble Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Stifel Nicolaus set a $44.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a report on Tuesday, April 24th. Finally, Tudor Pickering cut shares of Noble Energy from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $40.30.
In other news, VP J. Keith Elliott sold 6,000 shares of the stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $33.27, for a total value of $199,620.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Nbl Midstream, Llc sold 7,475,000 shares of the stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $18.03, for a total transaction of $134,774,250.00. The disclosure for this sale can be found here. Insiders sold 7,498,520 shares of company stock worth $135,604,590 over the last three months. Insiders own 1.96% of the company’s stock.
Shares of Noble Energy opened at $35.28 on Friday, according to Marketbeat. The stock has a market capitalization of $17.00 billion, a PE ratio of 50.14, a P/E/G ratio of 3.08 and a beta of 1.04. Noble Energy, Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $37.67. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Tuesday, May 1st. The oil and gas development company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.07. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.22 billion. Noble Energy had a negative net margin of 13.32% and a positive return on equity of 3.25%. The company’s revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. equities research analysts anticipate that Noble Energy, Inc. will post 1.14 EPS for the current fiscal year.
About Noble Energy
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.
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.