Russell Investments Group Ltd. Sells 72,159 Shares of Noble Energy Inc. (NBL)

Russell Investments Group Ltd. lessened its stake in shares of Noble Energy Inc. (NYSE:NBL) by 53.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 63,109 shares of the oil and gas development company’s stock after selling 72,159 shares during the period. Russell Investments Group Ltd.’s holdings in Noble Energy were worth $1,790,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NBL. Tower Research Capital LLC TRC acquired a new stake in shares of Noble Energy during the 2nd quarter valued at $106,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Noble Energy in the third quarter valued at $155,000. IndexIQ Advisors LLC purchased a new stake in shares of Noble Energy in the second quarter valued at $214,000. Pacer Advisors Inc. lifted its holdings in shares of Noble Energy by 8.3% in the second quarter. Pacer Advisors Inc. now owns 7,598 shares of the oil and gas development company’s stock valued at $215,000 after purchasing an additional 580 shares in the last quarter. Finally, Greenwood Capital Associates LLC lifted its holdings in shares of Noble Energy by 27.0% in the second quarter. Greenwood Capital Associates LLC now owns 7,630 shares of the oil and gas development company’s stock valued at $216,000 after purchasing an additional 1,620 shares in the last quarter. Institutional investors own 94.16% of the company’s stock.

A number of research firms have recently issued reports on NBL. Credit Suisse Group began coverage on Noble Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $35.00 target price for the company. Royal Bank of Canada set a $37.00 target price on Noble Energy and gave the company a “buy” rating in a report on Sunday, October 15th. Scotiabank set a $35.00 target price on Noble Energy and gave the company a “hold” rating in a report on Saturday, November 25th. Stifel Nicolaus set a $41.00 target price on Noble Energy and gave the company a “buy” rating in a report on Tuesday, November 28th. Finally, Cowen set a $40.00 target price on Noble Energy and gave the company a “buy” rating in a report on Sunday, December 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Noble Energy currently has a consensus rating of “Buy” and an average target price of $39.60.

In other Noble Energy news, VP Gary W. Willingham purchased 30,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were bought at an average cost of $26.00 per share, with a total value of $780,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Craddock sold 18,787 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total value of $536,744.59. Following the completion of the sale, the director now directly owns 114,226 shares in the company, valued at $3,263,436.82. The disclosure for this sale can be found here. Insiders have sold 518,787 shares of company stock worth $14,283,745 over the last three months. Company insiders own 2.28% of the company’s stock.

Noble Energy Inc. (NBL) opened at $28.79 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The company has a market cap of $14,050.00, a price-to-earnings ratio of -7.22 and a beta of 1.16. Noble Energy Inc. has a 1 year low of $22.99 and a 1 year high of $40.89.

Noble Energy (NYSE:NBL) last posted its earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.11. The firm had revenue of $960.00 million for the quarter, compared to the consensus estimate of $961.61 million. Noble Energy had a negative net margin of 45.85% and a positive return on equity of 1.06%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. equities analysts anticipate that Noble Energy Inc. will post -0.01 EPS for the current fiscal year.

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Noble Energy Company 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.

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

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