Noble Corporation (NE) Shares Sold by Aperio Group LLC
Aperio Group LLC cut its holdings in Noble Corporation (NYSE:NE) by 52.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,905 shares of the oil and gas company’s stock after selling 140,155 shares during the period. Aperio Group LLC owned approximately 0.05% of Noble Corporation worth $575,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of NE. FMR LLC lifted its stake in Noble Corporation by 197.4% in the first quarter. FMR LLC now owns 984,300 shares of the oil and gas company’s stock worth $6,093,000 after purchasing an additional 653,300 shares during the last quarter. Teachers Advisors LLC lifted its stake in Noble Corporation by 8.9% in the first quarter. Teachers Advisors LLC now owns 281,419 shares of the oil and gas company’s stock worth $1,742,000 after purchasing an additional 23,067 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Noble Corporation by 8.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,091,155 shares of the oil and gas company’s stock worth $6,755,000 after purchasing an additional 83,862 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in Noble Corporation by 126.1% in the first quarter. Tudor Investment Corp ET AL now owns 30,300 shares of the oil and gas company’s stock worth $188,000 after purchasing an additional 16,900 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in Noble Corporation in the first quarter worth $139,000. 91.71% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on the stock. Cowen Inc reissued a “hold” rating and issued a $3.00 price target on shares of Noble Corporation in a research note on Tuesday, September 5th. Royal Bank Of Canada set a $5.00 price objective on shares of Noble Corporation and gave the company a “hold” rating in a research report on Sunday, November 12th. Goldman Sachs Group, Inc. (The) upgraded shares of Noble Corporation to a “sell” rating in a research report on Wednesday, August 9th. Deutsche Bank AG began coverage on shares of Noble Corporation in a research report on Tuesday, October 10th. They issued a “hold” rating and a $4.00 price objective on the stock. Finally, ValuEngine cut shares of Noble Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. Noble Corporation currently has an average rating of “Hold” and a consensus target price of $5.56.
Shares of Noble Corporation (NE) traded up $0.09 during midday trading on Friday, hitting $4.13. 9,951,101 shares of the company traded hands, compared to its average volume of 10,365,140. Noble Corporation has a one year low of $3.14 and a one year high of $8.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.58 and a current ratio of 1.58.
Noble Corporation (NYSE:NE) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.36) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.36). Noble Corporation had a negative net margin of 136.22% and a negative return on equity of 3.94%. The company had revenue of $266.20 million for the quarter, compared to analysts’ expectations of $269.61 million. During the same quarter in the previous year, the company earned ($0.23) earnings per share. Noble Corporation’s quarterly revenue was down 30.9% on a year-over-year basis. equities analysts predict that Noble Corporation will post -1.17 EPS for the current fiscal year.
Noble Corporation Profile
Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.
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