A.R.T. Advisors LLC boosted its stake in Noble Energy Inc. (NYSE:NBL) by 1,283.9% during the fourth quarter, Holdings Channel reports. The fund owned 257,400 shares of the oil and gas development company’s stock after buying an additional 238,800 shares during the period. Noble Energy makes up 0.6% of A.R.T. Advisors LLC’s portfolio, making the stock its 10th largest position. A.R.T. Advisors LLC owned approximately 0.06% of Noble Energy worth $9,796,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of NBL. Capital Research Global Investors raised its position in shares of Noble Energy by 5.1% in the third quarter. Capital Research Global Investors now owns 52,125,401 shares of the oil and gas development company’s stock valued at $1,862,962,000 after buying an additional 2,516,916 shares during the last quarter. Capital World Investors increased its stake in shares of Noble Energy by 2.7% in the third quarter. Capital World Investors now owns 44,693,484 shares of the oil and gas development company’s stock valued at $1,597,345,000 after buying an additional 1,182,334 shares during the period. State Street Corp increased its stake in shares of Noble Energy by 13.4% in the fourth quarter. State Street Corp now owns 28,429,838 shares of the oil and gas development company’s stock valued at $1,082,036,000 after buying an additional 3,365,831 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Noble Energy by 1.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,420,392 shares of the oil and gas development company’s stock valued at $408,165,000 after buying an additional 208,450 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Noble Energy by 2.7% in the third quarter. Adage Capital Partners GP L.L.C. now owns 9,609,023 shares of the oil and gas development company’s stock valued at $343,426,000 after buying an additional 249,300 shares during the period. 93.79% of the stock is currently owned by institutional investors.

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

Noble Energy Inc. (NYSE:NBL) traded down 0.69% during midday trading on Thursday, hitting $37.21. 3,521,864 shares of the stock were exchanged. The firm’s 50-day moving average is $38.82 and its 200 day moving average is $36.81. The stock’s market cap is $16.00 billion. Noble Energy Inc. has a 52 week low of $27.85 and a 52 week high of $42.03.

Noble Energy (NYSE:NBL) last posted its earnings results on Monday, February 13th. The oil and gas development company reported $0.26 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.36. Noble Energy had a negative net margin of 28.59% and a negative return on equity of 2.51%. The firm earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. Noble Energy’s quarterly revenue was up 17.4% on a year-over-year basis. Equities research analysts expect that Noble Energy Inc. will post ($0.29) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 21st. Shareholders of record on Monday, February 6th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, February 2nd. Noble Energy’s dividend payout ratio (DPR) is -17.24%.

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Several equities research analysts have recently weighed in on NBL shares. Jefferies Group LLC reiterated a “buy” rating and set a $45.00 target price on shares of Noble Energy in a research note on Wednesday, October 19th. Nomura reiterated a “buy” rating and set a $41.00 target price on shares of Noble Energy in a research note on Monday, November 7th. Seaport Global Securities upgraded shares of Noble Energy from a “sell” rating to a “neutral” rating and increased their target price for the stock from $33.00 to $36.00 in a research note on Tuesday, January 17th. Credit Suisse Group reiterated a “buy” rating and set a $46.00 target price on shares of Noble Energy in a research note on Monday, December 19th. Finally, Barclays PLC decreased their target price on shares of Noble Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Noble Energy currently has a consensus rating of “Buy” and an average target price of $43.69.

In other Noble Energy news, Director Edward F. Cox sold 10,000 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $37.76, for a total value of $377,600.00. Following the completion of the transaction, the director now owns 45,062 shares in the company, valued at approximately $1,701,541.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Arnold J. Johnson sold 24,505 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $42.00, for a total transaction of $1,029,210.00. Following the completion of the transaction, the vice president now owns 159,764 shares of the company’s stock, valued at approximately $6,710,088. The disclosure for this sale can be found here. In the last 90 days, insiders sold 249,593 shares of company stock valued at $10,020,282. 2.17% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:NBL

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