Penn Davis Mcfarland Inc. lowered its stake in Noble Energy, Inc. (NYSE:NBL) by 8.4% during the first quarter, Holdings Channel reports. The fund owned 314,846 shares of the oil and gas development company’s stock after selling 28,821 shares during the period. Noble Energy accounts for 3.2% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 16th largest position. Penn Davis Mcfarland Inc. owned about 0.07% of Noble Energy worth $10,812,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in Noble Energy by 1.1% in the third quarter. Northern Trust Corp now owns 4,912,477 shares of the oil and gas development company’s stock valued at $175,572,000 after buying an additional 55,629 shares during the last quarter. DnB Asset Management AS increased its position in Noble Energy by 1,977.1% in the third quarter. DnB Asset Management AS now owns 759,044 shares of the oil and gas development company’s stock valued at $27,128,000 after buying an additional 722,500 shares during the last quarter. Shell Asset Management Co. increased its position in Noble Energy by 1.9% in the third quarter. Shell Asset Management Co. now owns 34,730 shares of the oil and gas development company’s stock valued at $1,241,000 after buying an additional 648 shares during the last quarter. Morgan Stanley increased its position in Noble Energy by 41.5% in the third quarter. Morgan Stanley now owns 2,660,751 shares of the oil and gas development company’s stock valued at $95,096,000 after buying an additional 780,662 shares during the last quarter. Finally, Strs Ohio increased its position in Noble Energy by 6.6% in the third quarter. Strs Ohio now owns 1,551,137 shares of the oil and gas development company’s stock valued at $55,437,000 after buying an additional 95,974 shares during the last quarter. 93.79% of the stock is owned by institutional investors.

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

Shares of Noble Energy, Inc. (NYSE:NBL) traded up 1.67% during mid-day trading on Thursday, reaching $34.18. The company had a trading volume of 5,062,275 shares. The company’s market capitalization is $14.77 billion. Noble Energy, Inc. has a 52-week low of $32.33 and a 52-week high of $42.03. The company’s 50-day moving average price is $34.53 and its 200-day moving average price is $36.89.

Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Monday, February 13th. The oil and gas development company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.36. The company earned $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Noble Energy had a negative net margin of 28.59% and a negative return on equity of 2.51%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. On average, analysts forecast that Noble Energy, Inc. will post ($0.22) earnings per share for the current fiscal year.

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Several equities analysts have weighed in on NBL shares. Credit Suisse Group AG reissued a “buy” rating and set a $46.00 price target on shares of Noble Energy in a research report on Wednesday, February 15th. Vetr raised Noble Energy from a “hold” rating to a “strong-buy” rating and set a $44.50 price objective for the company in a research report on Monday, December 26th. Scotiabank set a $38.00 price objective on Noble Energy and gave the company a “hold” rating in a research report on Monday, March 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Noble Energy in a research report on Tuesday, January 17th. Finally, Mizuho lifted their price objective on Noble Energy from $37.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, January 18th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $44.88.

In other news, Director Michael A. Cawley sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $39.51, for a total transaction of $118,530.00. Following the completion of the sale, the director now owns 38,387 shares of the company’s stock, valued at $1,516,670.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David L. Stover sold 48,610 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $39.63, for a total transaction of $1,926,414.30. Following the sale, the chief executive officer now directly owns 549,565 shares of the company’s stock, valued at approximately $21,779,260.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,610 shares of company stock valued at $2,833,154. Company insiders own 2.17% of the company’s stock.

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.

5 Day Chart for NYSE:NBL

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