Vanguard Group Inc. raised its stake in Noble Energy Inc. (NYSE:NBL) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,700,989 shares of the oil and gas development company’s stock after buying an additional 432,855 shares during the period. Vanguard Group Inc. owned about 6.44% of Noble Energy worth $993,635,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Carmignac Gestion acquired a new position in Noble Energy during the second quarter valued at approximately $218,343,000. Norges Bank acquired a new position in Noble Energy during the fourth quarter valued at approximately $98,138,000. Wellington Management Group LLP boosted its position in Noble Energy by 60.6% in the first quarter. Wellington Management Group LLP now owns 4,684,149 shares of the oil and gas development company’s stock valued at $147,129,000 after buying an additional 1,767,615 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Noble Energy by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 4,945,066 shares of the oil and gas development company’s stock valued at $177,375,000 after buying an additional 1,444,868 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in Noble Energy by 15.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 10,541,323 shares of the oil and gas development company’s stock valued at $331,103,000 after buying an additional 1,377,137 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Noble Energy Inc. (NYSE:NBL) traded up 1.47% during trading on Thursday, hitting $34.42. The stock had a trading volume of 99,628 shares. Noble Energy Inc. has a 52-week low of $23.77 and a 52-week high of $39.85. The firm’s market cap is $14.80 billion. The company’s 50 day moving average is $34.88 and its 200 day moving average is $34.82.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Wednesday, August 3rd. The oil and gas development company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.05. The company earned $847 million during the quarter, compared to the consensus estimate of $909.36 million. Noble Energy had a negative net margin of 90.52% and a negative return on equity of 2.16%. Noble Energy’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Equities research analysts forecast that Noble Energy Inc. will post ($1.09) earnings per share for the current year.

A number of equities analysts have recently issued reports on NBL shares. Wunderlich upped their price objective on Noble Energy from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 6th. Seaport Global Securities upgraded Noble Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $45.00 in a report on Tuesday, June 7th. Citigroup Inc. upgraded Noble Energy from a “neutral” rating to a “buy” rating in a report on Thursday, July 7th. Barclays PLC upped their price objective on Noble Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, July 14th. Finally, Piper Jaffray Cos. started coverage on Noble Energy in a report on Wednesday, June 8th. They issued an “overweight” rating and a $48.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $41.10.

In other news, Director Jeffrey L. Berenson sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $34.05, for a total transaction of $340,500.00. Following the transaction, the director now directly owns 82,269 shares of the company’s stock, valued at $2,801,259.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas J. Edelman sold 12,000 shares of the company’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $35.09, for a total value of $421,080.00. Following the transaction, the director now directly owns 3,032,978 shares in the company, valued at $106,427,198.02. The disclosure for this sale can be found here. Insiders own 2.17% of the company’s stock.

Noble Energy Company Profile

Noble Energy, Inc is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs.

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