National Investment Services Inc. WI decreased its stake in shares of Noble Energy Inc. (NYSE:NBL) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 84,157 shares of the oil and gas development company’s stock after selling 965 shares during the period. Noble Energy accounts for about 3.4% of National Investment Services Inc. WI’s holdings, making the stock its 7th largest position. National Investment Services Inc. WI’s holdings in Noble Energy were worth $3,008,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Checchi Capital Advisers LLC increased its stake in shares of Noble Energy by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,592 shares of the oil and gas development company’s stock valued at $129,000 after buying an additional 49 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Noble Energy by 0.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 32,496 shares of the oil and gas development company’s stock valued at $1,161,000 after buying an additional 130 shares during the last quarter. UMB Bank N A MO increased its stake in shares of Noble Energy by 0.5% in the third quarter. UMB Bank N A MO now owns 26,407 shares of the oil and gas development company’s stock valued at $943,000 after buying an additional 140 shares during the last quarter. Eagle Boston Investment Management Inc. increased its stake in shares of Noble Energy by 1.0% in the third quarter. Eagle Boston Investment Management Inc. now owns 15,748 shares of the oil and gas development company’s stock valued at $562,000 after buying an additional 163 shares during the last quarter. Finally, Conning Inc. increased its stake in shares of Noble Energy by 2.3% in the second quarter. Conning Inc. now owns 9,638 shares of the oil and gas development company’s stock valued at $346,000 after buying an additional 220 shares during the last quarter. 92.81% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Noble Energy Inc. (NYSE:NBL) traded up 0.67% on Friday, reaching $37.43. The company’s stock had a trading volume of 1,377,591 shares. The company has a 50 day moving average price of $38.75 and a 200 day moving average price of $36.22. Noble Energy Inc. has a 52-week low of $23.77 and a 52-week high of $42.03. The company’s market cap is $16.09 billion.

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Several analysts have weighed in on the company. KLR Group reaffirmed a “buy” rating and set a $67.00 target price (up previously from $55.00) on shares of Noble Energy in a research note on Wednesday, December 7th. Seaport Global Securities downgraded Noble Energy from a “neutral” rating to a “sell” rating and cut their target price for the company from $45.00 to $38.00 in a research note on Tuesday, December 6th. Vetr downgraded Noble Energy from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a research note on Tuesday, December 13th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Noble Energy in a research note on Tuesday, November 22nd. Finally, Nomura reaffirmed a “buy” rating and set a $41.00 target price on shares of Noble Energy in a research note on Monday, November 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $42.75.

In other news, Director Edward F. Cox sold 10,000 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $37.76, for a total value of $377,600.00. Following the transaction, the director now owns 45,062 shares of the company’s stock, valued at approximately $1,701,541.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Susan M. Cunningham sold 68,910 shares of the stock in a transaction on Monday, December 12th. The shares were sold at an average price of $40.36, for a total value of $2,781,207.60. Following the completion of the transaction, the vice president now directly owns 245,148 shares in the company, valued at approximately $9,894,173.28. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.

About Noble Energy

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.

5 Day Chart for NYSE:NBL

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