Tower Research Capital LLC TRC Invests $106,000 in Noble Energy Inc. (NBL)
Tower Research Capital LLC TRC acquired a new position in shares of Noble Energy Inc. (NYSE:NBL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,734 shares of the oil and gas development company’s stock, valued at approximately $106,000.
Several other hedge funds have also bought and sold shares of the company. CNH Partners LLC acquired a new stake in shares of Noble Energy during the second quarter worth $1,348,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Noble Energy by 75.5% during the second quarter. Cubist Systematic Strategies LLC now owns 34,593 shares of the oil and gas development company’s stock worth $979,000 after purchasing an additional 14,877 shares during the last quarter. Sciencast Management LP boosted its holdings in shares of Noble Energy by 16.8% during the second quarter. Sciencast Management LP now owns 8,582 shares of the oil and gas development company’s stock worth $243,000 after purchasing an additional 1,232 shares during the last quarter. State Street Corp boosted its holdings in shares of Noble Energy by 5.7% during the second quarter. State Street Corp now owns 27,225,558 shares of the oil and gas development company’s stock worth $770,487,000 after purchasing an additional 1,471,064 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Noble Energy by 3,250.9% during the second quarter. Janus Henderson Group PLC now owns 1,859,263 shares of the oil and gas development company’s stock worth $52,617,000 after purchasing an additional 1,803,778 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.
Noble Energy Inc. (NYSE NBL) traded down 0.51% during trading on Friday, reaching $27.15. The company had a trading volume of 2,875,915 shares. The stock’s market cap is $12.81 billion. Noble Energy Inc. has a 12-month low of $22.99 and a 12-month high of $42.03. The firm has a 50-day moving average price of $26.39 and a 200 day moving average price of $28.85.
Noble Energy (NYSE:NBL) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. Equities research analysts predict that Noble Energy Inc. will post ($0.15) EPS for the current fiscal year.
NBL has been the topic of several analyst reports. Piper Jaffray Companies decreased their price objective on Noble Energy from $47.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. BMO Capital Markets set a $33.00 price objective on Noble Energy and gave the stock a “buy” rating in a report on Tuesday. Cowen and Company set a $35.00 target price on Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Scotiabank set a $38.00 target price on Noble Energy and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, Seaport Global Securities raised Noble Energy from a “sell” rating to a “neutral” rating and increased their target price for the stock from $23.00 to $26.00 in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Noble Energy presently has an average rating of “Buy” and a consensus target price of $41.02.
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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