Parametric Portfolio Associates LLC increased its holdings in shares of Noble Energy Inc. (NYSE:NBL) by 16.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 707,551 shares of the oil and gas development company’s stock after purchasing an additional 99,555 shares during the quarter. Parametric Portfolio Associates LLC owned 0.15% of Noble Energy worth $20,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in shares of Noble Energy by 0.4% during the first quarter. HighTower Advisors LLC now owns 12,644 shares of the oil and gas development company’s stock valued at $434,000 after purchasing an additional 52 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Noble Energy by 5.5% during the first quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock valued at $100,000 after purchasing an additional 153 shares in the last quarter. Cadence Capital Management LLC lifted its holdings in shares of Noble Energy by 1.0% during the second quarter. Cadence Capital Management LLC now owns 15,922 shares of the oil and gas development company’s stock valued at $451,000 after purchasing an additional 163 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Noble Energy by 2.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,842 shares of the oil and gas development company’s stock valued at $304,000 after purchasing an additional 203 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Noble Energy by 3.2% during the first quarter. Pacer Advisors Inc. now owns 7,018 shares of the oil and gas development company’s stock valued at $241,000 after purchasing an additional 220 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on NBL. BMO Capital Markets reissued a “buy” rating and issued a $45.00 target price on shares of Noble Energy in a report on Thursday, June 22nd. Citigroup Inc. lowered their target price on Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $38.00 target price on shares of Noble Energy in a report on Thursday, July 20th. Cowen and Company set a $35.00 target price on Noble Energy and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $39.00 target price on shares of Noble Energy in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $41.30.

Shares of Noble Energy Inc. (NYSE NBL) opened at 28.33 on Thursday. Noble Energy Inc. has a 52-week low of $22.99 and a 52-week high of $42.03. The stock’s market cap is $13.37 billion. The company’s 50 day moving average price is $25.53 and its 200 day moving average price is $29.09.

Noble Energy (NYSE:NBL) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.18. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. Noble Energy’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) EPS. On average, analysts anticipate that Noble Energy Inc. will post ($0.16) earnings per share for the current year.

WARNING: This article was posted by Marea Informative and is the sole property of of Marea Informative. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at http://www.mareainformativa.com/noble-energy-inc-nbl-shares-bought-by-parametric-portfolio-associates-llc/117016/.

Noble Energy Profile

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.

Want to see what other hedge funds are holding NBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Energy Inc. (NYSE:NBL).

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

Receive News & Stock Ratings for Noble Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Energy Inc. and related stocks with our FREE daily email newsletter.