MAI Capital Management lowered its holdings in Noble Energy, Inc. (NYSE:NBL) by 61.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,289 shares of the oil and gas development company’s stock after selling 14,614 shares during the period. MAI Capital Management’s holdings in Noble Energy were worth $328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NBL. Point72 Asia Hong Kong Ltd increased its position in Noble Energy by 656.0% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,833 shares of the oil and gas development company’s stock worth $116,000 after buying an additional 3,326 shares during the last quarter. Advisors Preferred LLC acquired a new position in Noble Energy during the second quarter worth $126,000. Whittier Trust Co. acquired a new position in Noble Energy during the second quarter worth $163,000. Piedmont Investment Advisors LLC acquired a new position in Noble Energy during the second quarter worth $200,000. Finally, Ingalls & Snyder LLC acquired a new position in Noble Energy during the second quarter worth $202,000. Institutional investors own 97.68% of the company’s stock.

NBL traded up $0.63 during trading on Friday, hitting $31.61. The company had a trading volume of 4,937,948 shares, compared to its average volume of 4,586,195. The stock has a market capitalization of $15.07 billion, a P/E ratio of 101.97, a P/E/G ratio of 3.14 and a beta of 0.96. Noble Energy, Inc. has a one year low of $24.28 and a one year high of $37.76. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58.

Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Friday, August 3rd. The oil and gas development company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. Noble Energy had a net margin of 19.01% and a return on equity of 2.89%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, equities research analysts predict that Noble Energy, Inc. will post 0.99 EPS for the current fiscal year.

In other Noble Energy news, major shareholder Nbl Midstream, Llc sold 14,137,198 shares of the business’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $17.75, for a total transaction of $250,935,264.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.96% of the company’s stock.

Several equities research analysts have recently issued reports on the company. TD Securities assumed coverage on Noble Energy in a research report on Thursday, July 5th. They issued a “buy” rating and a $45.00 price target on the stock. Morgan Stanley set a $38.00 price target on Noble Energy and gave the company a “hold” rating in a research report on Friday. Mizuho downgraded Noble Energy from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Monday, August 6th. Mitsubishi UFJ Financial Group lifted their target price on Noble Energy to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, July 19th. Finally, Jefferies Financial Group set a $46.00 target price on Noble Energy and gave the stock a “buy” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the stock. Noble Energy has an average rating of “Buy” and a consensus price target of $41.88.

Noble Energy Company 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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