Cubist Systematic Strategies LLC Sells 29,893 Shares of Noble Energy, Inc. (NBL)

Cubist Systematic Strategies LLC decreased its holdings in Noble Energy, Inc. (NYSE:NBL) by 86.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,700 shares of the oil and gas development company’s stock after selling 29,893 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Noble Energy were worth $133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in shares of Noble Energy in the second quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Noble Energy in the third quarter valued at approximately $155,000. Pacer Advisors Inc. boosted its stake 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 during the period. BT Investment Management Ltd purchased a new position in shares of Noble Energy in the second quarter valued at approximately $221,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of Noble Energy by 16.6% in the second quarter. Riverhead Capital Management LLC now owns 8,529 shares of the oil and gas development company’s stock valued at $241,000 after purchasing an additional 1,215 shares during the period. 94.16% of the stock is owned by institutional investors and hedge funds.

Shares of Noble Energy, Inc. (NYSE NBL) opened at $32.23 on Friday. 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 1-year low of $22.99 and a 1-year high of $40.89. The firm has a market cap of $15,639.56, a P/E ratio of -8.08 and a beta of 1.16.

Noble Energy (NYSE:NBL) last released its quarterly earnings data on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, topping 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 analysts’ expectations of $961.61 million. During the same quarter last year, the company earned ($0.07) earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. sell-side analysts expect that Noble Energy, Inc. will post -0.01 EPS for the current year.

NBL has been the subject of several recent research reports. Stifel Nicolaus set a $41.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research note on Tuesday, November 28th. Royal Bank of Canada set a $36.00 target price on shares of Noble Energy and gave the company a “buy” rating in a report on Wednesday, December 20th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $41.00 target price on shares of Noble Energy in a report on Tuesday, January 9th. Cowen set a $40.00 target price on shares of Noble Energy and gave the company a “buy” rating in a report on Sunday, December 10th. Finally, Credit Suisse Group began coverage on shares of Noble Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $35.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.47.

In other Noble Energy news, Director Thomas J. Edelman sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.83, for a total transaction of $8,349,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Gary W. Willingham acquired 30,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were bought at an average cost of $26.00 per share, for a total transaction of $780,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 518,787 shares of company stock worth $14,283,745. 2.28% of the stock is owned by corporate insiders.

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About Noble Energy

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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