Brown Advisory Inc. Increases Stake in Noble Energy Inc. (NBL)

Brown Advisory Inc. grew its holdings in Noble Energy Inc. (NYSE:NBL) by 51.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 247,837 shares of the oil and gas development company’s stock after buying an additional 83,836 shares during the period. Brown Advisory Inc. owned 0.05% of Noble Energy worth $7,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital World Investors grew its position in shares of Noble Energy by 20.8% in the second quarter. Capital World Investors now owns 55,184,801 shares of the oil and gas development company’s stock valued at $1,561,730,000 after purchasing an additional 9,488,951 shares during the last quarter. Vanguard Group Inc. boosted its position in Noble Energy by 29.8% during the second quarter. Vanguard Group Inc. now owns 38,933,217 shares of the oil and gas development company’s stock worth $1,101,810,000 after acquiring an additional 8,933,476 shares during the last quarter. BlackRock Inc. boosted its position in Noble Energy by 7.4% during the second quarter. BlackRock Inc. now owns 32,231,480 shares of the oil and gas development company’s stock worth $912,152,000 after acquiring an additional 2,211,439 shares during the last quarter. State Street Corp boosted its position in 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 acquiring an additional 1,471,064 shares during the last quarter. Finally, Ares Management LLC purchased a new position in Noble Energy during the second quarter worth approximately $499,364,000. 94.32% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. Stifel Nicolaus set a $41.00 price target on shares of Noble Energy and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Scotiabank set a $35.00 price target on shares of Noble Energy and gave the stock a “hold” rating in a research note on Saturday, November 25th. Piper Jaffray Companies reissued a “buy” rating and set a $35.00 price objective on shares of Noble Energy in a report on Friday, November 17th. Barclays decreased their price objective on shares of Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, November 16th. Finally, Morgan Stanley lifted their price target on shares of Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.60.

Noble Energy Inc. (NBL) traded down $0.16 during trading on Tuesday, reaching $26.84. 4,080,700 shares of the company’s stock were exchanged, compared to its average volume of 5,142,619. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. Noble Energy Inc. has a 52 week low of $22.99 and a 52 week high of $42.03. The firm has a market cap of $13,138.40, a P/E ratio of 112.50 and a beta of 1.16.

Noble Energy (NYSE:NBL) last released its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $961.61 million. During the same period in the prior year, the company posted ($0.07) EPS. The company’s revenue was up 5.5% compared to the same quarter last year. research analysts expect that Noble Energy Inc. will post -0.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.49%. Noble Energy’s payout ratio is presently -10.03%.

In other Noble Energy news, Director James E. Craddock sold 18,787 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total transaction of $536,744.59. Following the transaction, the director now directly owns 114,226 shares in the company, valued at approximately $3,263,436.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Gary W. Willingham bought 30,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were acquired at an average price of $26.00 per share, for a total transaction of $780,000.00. The disclosure for this purchase can be found here. Corporate insiders own 2.28% of the company’s stock.

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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.

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

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