Prudential Financial Inc. boosted its stake in shares of Noble Energy Inc. (NYSE:NBL) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 789,114 shares of the oil and gas development company’s stock after buying an additional 66,271 shares during the period. Prudential Financial Inc. owned 0.18% of Noble Energy worth $28,305,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Checchi Capital Advisers LLC increased its stake in shares of Noble Energy by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,592 shares of the oil and gas development company’s stock valued at $129,000 after buying an additional 49 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Noble Energy during the first quarter valued at approximately $150,000. Meeder Asset Management Inc. purchased a new stake in shares of Noble Energy during the first quarter valued at approximately $153,000. Creative Planning increased its stake in shares of Noble Energy by 34.7% in the second quarter. Creative Planning now owns 5,281 shares of the oil and gas development company’s stock valued at $189,000 after buying an additional 1,360 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. purchased a new stake in shares of Noble Energy during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.
Shares of Noble Energy Inc. (NYSE:NBL) traded up 0.62% on Thursday, hitting $34.13. 506,923 shares of the stock were exchanged. The company’s 50 day moving average is $34.88 and its 200-day moving average is $34.82. The stock’s market cap is $14.68 billion. Noble Energy Inc. has a 52-week low of $23.77 and a 52-week high of $39.85.
Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Wednesday, August 3rd. The oil and gas development company reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.05. Noble Energy had a negative net margin of 90.52% and a negative return on equity of 2.16%. The firm earned $847 million during the quarter, compared to analyst estimates of $909.36 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Noble Energy’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts predict that Noble Energy Inc. will post ($1.09) EPS for the current fiscal year.
Several research firms recently weighed in on NBL. Barclays PLC reaffirmed a “buy” rating on shares of Noble Energy in a research note on Sunday, July 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Noble Energy in a research note on Wednesday, June 1st. Sterne Agee CRT raised shares of Noble Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $35.33 to $47.00 in a research note on Wednesday, May 25th. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “buy” rating on shares of Noble Energy in a research note on Sunday, July 10th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Noble Energy in a research note on Thursday, June 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $41.10.
In other Noble Energy news, Director Thomas J. Edelman sold 12,000 shares of the stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $35.09, for a total transaction of $421,080.00. Following the completion of the transaction, the director now owns 3,032,978 shares of the company’s stock, valued at $106,427,198.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey L. Berenson sold 10,000 shares of the stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $34.05, for a total transaction of $340,500.00. Following the transaction, the director now directly owns 82,269 shares of the company’s stock, valued at approximately $2,801,259.45. The disclosure for this sale can be found here. 2.17% of the stock is currently owned by corporate insiders.
Noble Energy Company Profile
Noble Energy, Inc is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs.
Receive News & Ratings for Noble Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.