Stoneridge Investment Partners LLC cut its stake in shares of Noble Energy Inc. (NYSE:NBL) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 78,224 shares of the oil and gas development company’s stock after selling 120 shares during the period. Stoneridge Investment Partners LLC’s holdings in Noble Energy were worth $2,214,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in 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 in the last quarter. Artisan Partners Limited Partnership boosted its position in Noble Energy by 22.6% in the first quarter. Artisan Partners Limited Partnership now owns 6,663,944 shares of the oil and gas development company’s stock valued at $228,840,000 after buying an additional 1,227,939 shares in the last quarter. Vanguard Group Inc. boosted its position in 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in Noble Energy by 34.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,106,603 shares of the oil and gas development company’s stock valued at $106,677,000 after buying an additional 793,657 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Noble Energy by 46.8% in the first quarter. Alliancebernstein L.P. now owns 2,419,404 shares of the oil and gas development company’s stock valued at $83,082,000 after buying an additional 771,714 shares in the last quarter. 96.94% of the stock is owned by institutional investors and hedge funds.

Noble Energy Inc. (NYSE NBL) opened at 25.28 on Thursday. Noble Energy Inc. has a 1-year low of $25.10 and a 1-year high of $42.03. The company has a 50-day moving average price of $27.92 and a 200-day moving average price of $32.45. The firm’s market cap is $10.90 billion.

Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.18. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.24) EPS. On average, equities research analysts forecast that Noble Energy Inc. will post ($0.19) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be paid a $0.10 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $0.40 annualized dividend and a yield of 1.58%. Noble Energy’s dividend payout ratio is currently -9.90%.

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NBL has been the subject of several analyst reports. Citigroup Inc. cut shares of Noble Energy from a “buy” rating to a “neutral” rating in a research note on Friday, June 16th. Barclays PLC reissued an “overweight” rating and issued a $41.00 target price (down from $46.00) on shares of Noble Energy in a research note on Saturday, April 22nd. Scotiabank reissued a “hold” rating and issued a $38.00 target price on shares of Noble Energy in a research note on Friday, June 30th. BidaskClub cut shares of Noble Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Bank of America Corporation raised shares of Noble Energy from a “neutral” rating to a “buy” rating and decreased their target price for the company from $53.00 to $49.00 in a research note on Thursday, May 11th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $41.34.

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.

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

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