Tredje AP fonden Sells 9,250 Shares of Noble Energy Inc. (NBL)

Tredje AP fonden trimmed its holdings in shares of Noble Energy Inc. (NYSE:NBL) by 11.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,265 shares of the oil and gas development company’s stock after selling 9,250 shares during the period. Tredje AP fonden’s holdings in Noble Energy were worth $1,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NBL. Ares Management LLC acquired a new stake in Noble Energy during the second quarter worth approximately $499,364,000. Capital World Investors boosted its position in Noble Energy by 20.8% during the second quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock worth $1,561,730,000 after acquiring an additional 9,488,951 shares during the last quarter. Vanguard Group Inc. boosted its position in Noble Energy by 29.8% during the second quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock worth $1,101,810,000 after acquiring an additional 8,933,476 shares during the last quarter. Carmignac Gestion boosted its position in Noble Energy by 107.3% during the second quarter. Carmignac Gestion now owns 11,753,883 shares of the oil and gas development company’s stock worth $332,635,000 after acquiring an additional 6,084,237 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new stake in Noble Energy during the second quarter worth approximately $75,546,000. 94.32% of the stock is owned by institutional investors and hedge funds.

Noble Energy Inc. (NYSE NBL) traded down $0.73 during trading hours on Thursday, hitting $25.90. 4,328,300 shares of the company traded hands, compared to its average volume of 5,134,628. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $12,958.35, a price-to-earnings ratio of 110.96 and a beta of 1.16. Noble Energy Inc. has a 1-year low of $22.99 and a 1-year high of $42.03.

Noble Energy (NYSE:NBL) last posted its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The business had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) EPS. equities research analysts forecast that Noble Energy Inc. will post -0.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. Noble Energy’s payout ratio is -10.03%.

A number of analysts recently issued reports on NBL shares. Seaport Global Securities upgraded shares of Noble Energy from a “sell” rating to a “neutral” rating and raised their target price for the stock from $23.00 to $26.00 in a research report on Friday, August 11th. Piper Jaffray Companies restated a “buy” rating on shares of Noble Energy in a research report on Sunday, August 20th. Cowen set a $35.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a research report on Friday, August 25th. Jefferies Group restated a “buy” rating and set a $32.00 target price (down previously from $36.00) on shares of Noble Energy in a research report on Tuesday, August 29th. Finally, Imperial Capital started coverage on shares of Noble Energy in a research report on Thursday, September 28th. They set an “outperform” rating and a $40.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $40.43.

In other Noble Energy news, VP Gary W. Willingham bought 30,000 shares of Noble Energy stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average price of $26.00 per share, for a total transaction of $780,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James E. Craddock sold 18,787 shares of Noble Energy stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total transaction of $536,744.59. Following the transaction, the director now owns 114,226 shares in the company, valued at approximately $3,263,436.82. The disclosure for this sale can be found here. Insiders own 2.28% of the company’s stock.

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Noble Energy Company 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.

Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

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