Northern Trust Corp boosted its position in Noble Energy, Inc. (NYSE:NBL) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,891,531 shares of the oil and gas development company’s stock after purchasing an additional 67,558 shares during the quarter. Northern Trust Corp owned about 1.22% of Noble Energy worth $207,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE raised its position in shares of Noble Energy by 7.8% during the 1st quarter. US Bancorp DE now owns 25,330 shares of the oil and gas development company’s stock valued at $767,000 after buying an additional 1,842 shares in the last quarter. Korea Investment CORP raised its position in shares of Noble Energy by 847.7% during the 1st quarter. Korea Investment CORP now owns 40,771 shares of the oil and gas development company’s stock valued at $1,235,000 after buying an additional 36,469 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of Noble Energy by 126.7% during the 1st quarter. Natixis Advisors L.P. now owns 146,305 shares of the oil and gas development company’s stock valued at $4,433,000 after buying an additional 81,777 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of Noble Energy during the 1st quarter valued at $210,000. Finally, IBM Retirement Fund raised its position in shares of Noble Energy by 48.6% during the 1st quarter. IBM Retirement Fund now owns 10,612 shares of the oil and gas development company’s stock valued at $322,000 after buying an additional 3,470 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

Several analysts have recently weighed in on NBL shares. Credit Suisse Group cut shares of Noble Energy from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 30th. Sanford C. Bernstein upgraded shares of Noble Energy from an “underperform” rating to a “market perform” rating and lowered their price objective for the company from $37.67 to $22.99 in a research report on Tuesday, June 5th. Tudor Pickering cut shares of Noble Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. TD Securities started coverage on shares of Noble Energy in a research report on Thursday, July 5th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Bank of America started coverage on shares of Noble Energy in a research report on Tuesday, July 10th. They set a “buy” rating and a $59.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Noble Energy presently has a consensus rating of “Buy” and a consensus price target of $41.75.

In related news, VP Gary W. Willingham sold 24,646 shares of the stock in a transaction on Tuesday, July 10th. The shares were sold at an average price of $37.50, for a total transaction of $924,225.00. Following the transaction, the vice president now owns 194,640 shares of the company’s stock, valued at approximately $7,299,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Nbl Midstream, Llc sold 7,475,000 shares of the stock in a transaction on Friday, June 29th. The shares were sold at an average price of $18.03, for a total transaction of $134,774,250.00. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

NBL stock opened at $31.10 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.76. Noble Energy, Inc. has a 52 week low of $24.28 and a 52 week high of $37.76. The firm has a market cap of $15.06 billion, a P/E ratio of 44.53, a price-to-earnings-growth ratio of 3.17 and a beta of 1.01.

Noble Energy (NYSE:NBL) last released its earnings results on Friday, August 3rd. The oil and gas development company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.05). Noble Energy had a net margin of 19.01% and a return on equity of 2.89%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.05 EPS. Noble Energy’s revenue for the quarter was up 16.1% on a year-over-year basis. research analysts expect that Noble Energy, Inc. will post 0.98 earnings per share for the current year.

Noble Energy Profile

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

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

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