Brown Advisory Inc. lowered its position in Noble Energy Inc. (NYSE:NBL) by 1.9% during the second quarter, Holdings Channel reports. The fund owned 98,849 shares of the oil and gas development company’s stock after selling 1,879 shares during the period. Brown Advisory Inc.’s holdings in Noble Energy were worth $3,545,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NBL. Cleararc Capital Inc. boosted its position in Noble Energy by 0.4% in the first quarter. Cleararc Capital Inc. now owns 10,453 shares of the oil and gas development company’s stock worth $328,000 after buying an additional 39 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in 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 worth $129,000 after buying an additional 49 shares during the last quarter. LS Investment Advisors LLC boosted its position in Noble Energy by 0.6% in the second quarter. LS Investment Advisors LLC now owns 17,579 shares of the oil and gas development company’s stock worth $631,000 after buying an additional 99 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in Noble Energy by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 15,585 shares of the oil and gas development company’s stock worth $559,000 after buying an additional 174 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Noble Energy by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 10,834 shares of the oil and gas development company’s stock worth $350,000 after buying an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Shares of Noble Energy Inc. (NYSE:NBL) traded up 1.15% on Wednesday, reaching $33.48. The company’s stock had a trading volume of 740,184 shares. The company’s 50-day moving average is $34.89 and its 200 day moving average is $34.83. The company’s market capitalization is $14.40 billion. Noble Energy Inc. has a 12-month low of $23.77 and a 12-month high of $39.85.

Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Wednesday, August 3rd. The oil and gas development company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.05. The company earned $847 million during the quarter, compared to analysts’ expectations of $909.36 million. Noble Energy had a negative return on equity of 2.16% and a negative net margin of 90.52%. Noble Energy’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. Equities analysts anticipate that Noble Energy Inc. will post ($1.09) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 8th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Thursday, August 4th. Noble Energy’s dividend payout ratio (DPR) is presently -5.88%.

A number of equities analysts have issued reports on the company. Deutsche Bank AG restated a “buy” rating on shares of Noble Energy in a report on Sunday, July 10th. Barclays PLC reiterated a “buy” rating on shares of Noble Energy in a report on Sunday, July 17th. Stifel Nicolaus increased their target price on Noble Energy from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Credit Agricole SA assumed coverage on Noble Energy in a report on Wednesday, June 22nd. They issued an “outperform” rating on the stock. Finally, Wunderlich increased their target price on Noble Energy from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $41.10.

In related news, Director Thomas J. Edelman sold 12,000 shares of the company’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $35.09, for a total transaction of $421,080.00. Following the completion of the sale, the director now owns 3,032,978 shares in the company, valued at $106,427,198.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey L. Berenson sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $34.05, for a total value of $340,500.00. Following the sale, the director now 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. Corporate insiders own 2.17% of the company’s stock.

About Noble Energy

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.

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