Commonwealth Bank of Australia Decreases Position in Noble Energy Inc. (NBL)

Commonwealth Bank of Australia trimmed its position in shares of Noble Energy Inc. (NYSE:NBL) by 57.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,670 shares of the oil and gas development company’s stock after selling 19,577 shares during the period. Commonwealth Bank of Australia’s holdings in Noble Energy were worth $412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NBL. Public Employees Retirement Association of Colorado raised its holdings in shares of Noble Energy by 1.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 88,628 shares of the oil and gas development company’s stock valued at $2,508,000 after buying an additional 1,669 shares in the last quarter. NGAM Advisors L.P. raised its holdings in shares of Noble Energy by 204.8% during the 2nd quarter. NGAM Advisors L.P. now owns 51,755 shares of the oil and gas development company’s stock valued at $1,465,000 after buying an additional 34,774 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Noble Energy by 1.5% during the 2nd quarter. CIBC Asset Management Inc now owns 39,704 shares of the oil and gas development company’s stock valued at $1,124,000 after buying an additional 603 shares in the last quarter. Korea Investment CORP raised its holdings in shares of Noble Energy by 2.4% during the 2nd quarter. Korea Investment CORP now owns 114,902 shares of the oil and gas development company’s stock valued at $3,252,000 after buying an additional 2,654 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in shares of Noble Energy by 4.8% during the 2nd quarter. Retirement Systems of Alabama now owns 220,701 shares of the oil and gas development company’s stock valued at $6,246,000 after buying an additional 10,198 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors.

Shares of Noble Energy Inc. (NBL) traded down $0.73 during mid-day trading on Thursday, hitting $25.90. The stock had a trading volume of 4,328,300 shares, compared to its average volume of 5,134,628. The company has a market cap of $12,958.35, a price-to-earnings ratio of 110.96 and a beta of 1.16. Noble Energy Inc. has a 12-month low of $22.99 and a 12-month high of $42.03. 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 (NYSE:NBL) last issued its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.11. The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $961.61 million. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned ($0.07) EPS. research analysts forecast that Noble Energy Inc. will post -0.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were given a $0.10 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. Noble Energy’s dividend payout ratio is currently -10.03%.

In related news, Director James E. Craddock sold 18,787 shares of Noble Energy stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.57, for a total transaction of $536,744.59. Following the sale, the director now directly owns 114,226 shares in the company, valued at $3,263,436.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Edelman sold 300,000 shares of Noble Energy stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.83, for a total value of $8,349,000.00. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by company insiders.

A number of brokerages recently weighed in on NBL. Barclays decreased their price objective on Noble Energy from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, November 16th. Jefferies Group cut Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a research note on Monday, October 9th. BMO Capital Markets set a $33.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Noble Energy in a research note on Sunday, August 20th. Finally, Royal Bank Of Canada set a $37.00 price target on Noble Energy and gave the stock a “buy” rating in a research note on Sunday, October 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Noble Energy has an average rating of “Buy” and an average price target of $40.43.

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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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