Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Noble Co. (NYSE:NE) by 19.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,166 shares of the oil and gas company’s stock after buying an additional 3,803 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Noble were worth $143,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC boosted its stake in Noble by 23.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 29,152 shares of the oil and gas company’s stock worth $173,000 after buying an additional 5,483 shares in the last quarter. FMR LLC bought a new stake in Noble during the fourth quarter worth about $1,959,000. Dimensional Fund Advisors LP boosted its stake in Noble by 22.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,110,441 shares of the oil and gas company’s stock worth $77,616,000 after buying an additional 2,434,327 shares in the last quarter. Van ECK Associates Corp boosted its stake in Noble by 23.4% in the fourth quarter. Van ECK Associates Corp now owns 2,602,876 shares of the oil and gas company’s stock worth $15,409,000 after buying an additional 493,069 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Noble by 127.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 45,055 shares of the oil and gas company’s stock worth $267,000 after buying an additional 25,230 shares in the last quarter. 91.66% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Noble (NYSE:NE)

Noble Co. (NYSE:NE) traded down 2.91% on Friday, hitting $4.00. The stock had a trading volume of 8,177,853 shares. Noble Co. has a one year low of $3.83 and a one year high of $9.73. The stock’s market cap is $978.74 million. The stock’s 50 day moving average is $4.67 and its 200 day moving average is $6.05.

Noble (NYSE:NE) last posted its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The company had revenue of $363 million for the quarter, compared to analyst estimates of $368.25 million. The firm’s revenue was down 40.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. Analysts anticipate that Noble Co. will post ($1.25) earnings per share for the current year.

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A number of equities research analysts recently issued reports on the stock. TheStreet cut shares of Noble from a “c-” rating to a “d” rating in a research note on Tuesday, February 14th. Societe Generale raised shares of Noble from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Monday, February 13th. Credit Suisse Group AG set a $10.00 price target on shares of Noble and gave the company a “buy” rating in a research note on Saturday, February 11th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Noble in a research note on Sunday, February 12th. Finally, Wells Fargo & Co reissued a “market perform” rating on shares of Noble in a research note on Friday, February 10th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Noble presently has a consensus rating of “Hold” and an average target price of $7.16.

About Noble

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

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