Norinchukin Bank The Boosts Holdings in Noble Energy, Inc. (NYSE:NBL)

Norinchukin Bank The grew its holdings in Noble Energy, Inc. (NYSE:NBL) by 4.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,784 shares of the oil and gas development company’s stock after buying an additional 3,890 shares during the period. Norinchukin Bank The’s holdings in Noble Energy were worth $2,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. BlackRock Inc. lifted its holdings in Noble Energy by 0.3% during the 1st quarter. BlackRock Inc. now owns 33,299,281 shares of the oil and gas development company’s stock valued at $823,491,000 after buying an additional 103,574 shares in the last quarter. Boston Partners lifted its holdings in Noble Energy by 53.6% during the 1st quarter. Boston Partners now owns 22,144,841 shares of the oil and gas development company’s stock valued at $547,642,000 after buying an additional 7,725,241 shares in the last quarter. FMR LLC lifted its holdings in Noble Energy by 15.7% during the 4th quarter. FMR LLC now owns 18,352,750 shares of the oil and gas development company’s stock valued at $344,298,000 after buying an additional 2,491,587 shares in the last quarter. American Century Companies Inc. lifted its holdings in Noble Energy by 7.7% during the 4th quarter. American Century Companies Inc. now owns 9,609,157 shares of the oil and gas development company’s stock valued at $180,268,000 after buying an additional 686,182 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Noble Energy by 9.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,173,152 shares of the oil and gas development company’s stock valued at $115,802,000 after buying an additional 528,212 shares in the last quarter. 99.06% of the stock is owned by institutional investors and hedge funds.

NYSE:NBL traded up $0.58 during trading hours on Wednesday, reaching $21.77. 6,019,100 shares of the company were exchanged, compared to its average volume of 5,939,065. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50-day moving average of $22.00. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 24.19 and a beta of 1.48. Noble Energy, Inc. has a twelve month low of $17.11 and a twelve month high of $37.76.

Noble Energy (NYSE:NBL) last posted its quarterly earnings data on Friday, May 3rd. The oil and gas development company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). Noble Energy had a positive return on equity of 2.05% and a negative net margin of 19.63%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s revenue was down 18.2% on a year-over-year basis.

A number of equities research analysts recently weighed in on NBL shares. Stephens set a $35.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a report on Tuesday, February 26th. Mizuho upgraded shares of Noble Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $28.00 to $29.00 in a report on Tuesday, March 19th. ValuEngine upgraded shares of Noble Energy from a “sell” rating to a “hold” rating in a report on Monday, April 1st. JPMorgan Chase & Co. upgraded shares of Noble Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $28.00 to $32.00 in a report on Monday, April 29th. Finally, Barclays upgraded shares of Noble Energy from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $26.00 to $33.00 in a report on Tuesday, April 30th. One equities research analyst has 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 company currently has a consensus rating of “Buy” and a consensus price target of $38.38.

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. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.

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

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