Cornerstone Capital Management Holdings LLC. lessened its holdings in Noble Energy, Inc. (NYSE:NBL) by 33.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,523 shares of the oil and gas development company’s stock after selling 42,320 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Noble Energy were worth $2,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in NBL. Beach Investment Management LLC. purchased a new position in shares of Noble Energy during the 2nd quarter valued at $1,453,000. Global X Management Co. LLC lifted its position 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 valued at $198,000 after buying an additional 1,291 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Noble Energy by 9.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,635,368 shares of the oil and gas development company’s stock valued at $46,281,000 after buying an additional 146,075 shares during the last quarter. State of Wisconsin Investment Board lifted its position in shares of Noble Energy by 11.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 375,395 shares of the oil and gas development company’s stock valued at $10,624,000 after buying an additional 39,290 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Noble Energy by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,634,169 shares of the oil and gas development company’s stock valued at $102,846,000 after buying an additional 9,535 shares during the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.
Shares of Noble Energy, Inc. (NBL) traded up $0.80 during midday trading on Thursday, reaching $32.14. The company’s stock had a trading volume of 3,882,663 shares, compared to its average volume of 4,142,883. The company has a market cap of $15,640.00, a price-to-earnings ratio of -8.06 and a beta of 1.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. Noble Energy, Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $40.89.
A number of research analysts have recently commented on the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $41.00 price target on shares of Noble Energy in a research report on Tuesday. Capital One Financial raised Noble Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Credit Suisse Group assumed coverage on Noble Energy in a report on Monday, December 11th. They set an “outperform” rating and a $35.00 price objective on the stock. Royal Bank of Canada set a $37.00 price objective on Noble Energy and gave the stock a “buy” rating in a report on Sunday, October 15th. Finally, Scotiabank set a $35.00 price objective on Noble Energy and gave the stock a “hold” rating in a report on Saturday, November 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $39.47.
In other Noble Energy news, VP Gary W. Willingham bought 30,000 shares of the firm’s stock in a transaction 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Edelman sold 300,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The disclosure for this sale can be found here. Insiders sold a total of 518,787 shares of company stock worth $14,283,745 over the last 90 days. Corporate insiders own 2.28% of the company’s stock.
About Noble Energy
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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