DekaBank Deutsche Girozentrale reduced its stake in shares of Noble Energy Inc. (NYSE:NBL) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,593 shares of the oil and gas development company’s stock after selling 12,015 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Noble Energy were worth $7,249,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Noble Energy by 2,679.8% in the first quarter. BlackRock Inc. now owns 30,020,041 shares of the oil and gas development company’s stock valued at $1,030,889,000 after buying an additional 28,940,088 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Noble Energy by 3.9% in the first quarter. Vanguard Group Inc. now owns 29,999,741 shares of the oil and gas development company’s stock valued at $1,030,192,000 after buying an additional 1,117,646 shares during the last quarter. FMR LLC increased its position in shares of Noble Energy by 4.3% in the first quarter. FMR LLC now owns 8,709,858 shares of the oil and gas development company’s stock valued at $299,097,000 after buying an additional 358,456 shares during the last quarter. Jennison Associates LLC increased its position in shares of Noble Energy by 1.8% in the first quarter. Jennison Associates LLC now owns 8,059,455 shares of the oil and gas development company’s stock valued at $276,762,000 after buying an additional 142,417 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Noble Energy by 3.5% in the first quarter. American Century Companies Inc. now owns 7,189,889 shares of the oil and gas development company’s stock valued at $246,901,000 after buying an additional 240,712 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Noble Energy Inc. (NYSE NBL) opened at 24.59 on Tuesday. The stock has a 50 day moving average of $27.64 and a 200 day moving average of $32.06. The firm’s market cap is $11.61 billion. Noble Energy Inc. has a 52 week low of $24.53 and a 52 week high of $42.03.

Noble Energy (NYSE:NBL) last released its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.18. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company posted ($0.24) EPS. The company’s revenue was up 25.0% compared to the same quarter last year. Analysts anticipate that Noble Energy Inc. will post ($0.14) EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.63%. Noble Energy’s payout ratio is presently -9.90%.

COPYRIGHT VIOLATION WARNING: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/dekabank-deutsche-girozentrale-decreases-position-in-noble-energy-inc-nbl/1489525.html.

Several brokerages recently issued reports on NBL. Royal Bank Of Canada reissued a “buy” rating and set a $48.00 price objective on shares of Noble Energy in a research note on Tuesday, April 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 price target on shares of Noble Energy in a research note on Thursday, April 27th. Barclays PLC reaffirmed an “overweight” rating and set a $41.00 price target (down previously from $46.00) on shares of Noble Energy in a research note on Saturday, April 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $40.00 price target on shares of Noble Energy in a research note on Tuesday, May 2nd. Finally, Scotiabank set a $41.00 price target on shares of Noble Energy and gave the stock a “hold” rating in a research note on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $41.48.

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.

Want to see what other hedge funds are holding NBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Energy Inc. (NYSE:NBL).

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

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 Analyst Ratings Network's FREE daily email newsletter.