DFT Energy LP held its position in shares of Noble Energy Inc. (NYSE:NBL) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 280,000 shares of the oil and gas development company’s stock at the end of the second quarter. Noble Energy makes up approximately 6.7% of DFT Energy LP’s investment portfolio, making the stock its 7th largest position. DFT Energy LP owned about 0.06% of Noble Energy worth $7,924,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tyers Asset Management LLC raised its position in shares of Noble Energy by 18.1% in the first quarter. Tyers Asset Management LLC now owns 10,352 shares of the oil and gas development company’s stock valued at $355,000 after buying an additional 1,584 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of Noble Energy by 2.1% in the first quarter. State Treasurer State of Michigan now owns 143,061 shares of the oil and gas development company’s stock valued at $4,913,000 after buying an additional 2,900 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Noble Energy by 52.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 23,488 shares of the oil and gas development company’s stock valued at $807,000 after buying an additional 8,125 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Noble Energy by 4.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 69,196 shares of the oil and gas development company’s stock valued at $2,376,000 after buying an additional 2,646 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Noble Energy by 13.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,447 shares of the oil and gas development company’s stock valued at $1,251,000 after buying an additional 4,424 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Noble Energy Inc. (NYSE:NBL) traded up 0.72% during midday trading on Thursday, hitting $23.89. 1,151,228 shares of the stock were exchanged. Noble Energy Inc. has a 1-year low of $23.01 and a 1-year high of $42.03. The company’s market capitalization is $11.28 billion. The company’s 50 day moving average is $26.53 and its 200 day moving average is $31.13.

Noble Energy (NYSE:NBL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.18. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted ($0.24) EPS. The company’s revenue was up 25.0% compared to the same quarter last year. Analysts predict that Noble Energy Inc. will post ($0.15) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, August 3rd. Noble Energy’s payout ratio is -9.90%.

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Several equities analysts have recently weighed in on the stock. Scotiabank set a $41.00 price objective on shares of Noble Energy and gave the company a “hold” rating in a research report on Tuesday, May 16th. Jefferies Group LLC set a $40.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research report on Wednesday, May 17th. Piper Jaffray Companies reissued an “overweight” rating on shares of Noble Energy in a research report on Monday, May 15th. Bank of America Corporation raised shares of Noble Energy from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $53.00 to $49.00 in a research report on Thursday, May 11th. Finally, Cowen and Company set a $45.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $41.11.

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.

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

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