CWM Advisors LLC lifted its holdings in shares of Noble Co. PLC (NYSE:NE) by 105.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,018 shares of the oil and gas company’s stock after purchasing an additional 16,458 shares during the period. CWM Advisors LLC’s holdings in Noble were worth $84,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Noble by 15.0% in the second quarter. Bank of America Corp DE now owns 2,080,782 shares of the oil and gas company’s stock valued at $13,171,000 after acquiring an additional 270,920 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in Noble by 144.5% in the third quarter. Commonwealth Bank of Australia now owns 314,928 shares of the oil and gas company’s stock valued at $2,209,000 after acquiring an additional 186,100 shares during the last quarter. Fisher Asset Management LLC bought a new position in Noble in the third quarter valued at about $4,850,000. Virtu Financial LLC bought a new position in Noble in the third quarter valued at about $525,000. Finally, Bridgeway Capital Management Inc. boosted its holdings in Noble by 104.3% in the third quarter. Bridgeway Capital Management Inc. now owns 944,000 shares of the oil and gas company’s stock valued at $6,636,000 after acquiring an additional 482,000 shares during the last quarter. Institutional investors own 85.62% of the company’s stock.

NYSE NE opened at $3.41 on Thursday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.83. The stock has a market cap of $834.16 million, a PE ratio of -2.99 and a beta of 2.69. Noble Co. PLC has a one year low of $2.35 and a one year high of $7.44.

Several equities analysts have weighed in on the company. Susquehanna Bancshares set a $8.00 target price on Noble and gave the company a “hold” rating in a research note on Wednesday, October 10th. Cowen assumed coverage on Noble in a research note on Saturday, October 13th. They issued a “hold” rating and a $6.00 target price on the stock. Societe Generale raised Noble from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Friday, October 12th. Piper Jaffray Companies set a $6.00 target price on Noble and gave the company a “hold” rating in a research note on Tuesday, November 6th. Finally, Tudor Pickering raised Noble from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. Noble presently has an average rating of “Hold” and an average price target of $6.01.

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Noble Profile

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2017, the company operated a fleet of 8 drill ships, 6 semisubmersibles, and 14 jack ups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

Further Reading: How can you know how many shares are floating?

Institutional Ownership by Quarter for Noble (NYSE:NE)

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