Public Employees Retirement Association of Colorado boosted its position in shares of Noble Energy Inc. (NYSE:NBL) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,628 shares of the oil and gas development company’s stock after buying an additional 1,669 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Noble Energy were worth $2,508,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NBL. BlackRock Inc. raised its stake in shares of Noble Energy by 2,679.8% in the first quarter. BlackRock Inc. now owns 30,020,041 shares of the oil and gas development company’s stock worth $1,030,889,000 after buying an additional 28,940,088 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Noble Energy by 22.6% in the first quarter. Artisan Partners Limited Partnership now owns 6,663,944 shares of the oil and gas development company’s stock worth $228,840,000 after buying an additional 1,227,939 shares during the period. Vanguard Group Inc. increased its position in Noble Energy by 3.9% in the first quarter. Vanguard Group Inc. now owns 29,999,741 shares of the oil and gas development company’s stock worth $1,030,192,000 after buying an additional 1,117,646 shares during the period. Dimensional Fund Advisors LP increased its position in Noble Energy by 34.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,106,603 shares of the oil and gas development company’s stock worth $106,677,000 after buying an additional 793,657 shares during the period. Finally, Alliancebernstein L.P. increased its position in Noble Energy by 46.8% in the first quarter. Alliancebernstein L.P. now owns 2,419,404 shares of the oil and gas development company’s stock worth $83,082,000 after buying an additional 771,714 shares during the period. Institutional investors and hedge funds own 96.94% of the company’s stock.

Shares of Noble Energy Inc. (NBL) opened at 25.39 on Wednesday. The stock has a 50 day moving average of $28.24 and a 200 day moving average of $32.81. The stock’s market cap is $10.94 billion. Noble Energy Inc. has a one year low of $25.23 and a one year high of $42.03.

Noble Energy (NYSE:NBL) last announced its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Noble Energy had a negative net margin of 46.63% and a positive return on equity of 0.86%. Noble Energy’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) EPS. Equities analysts expect that Noble Energy Inc. will post ($0.21) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.58%. Noble Energy’s dividend payout ratio is presently -9.90%.

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A number of research analysts recently commented on the stock. Barclays PLC increased their target price on shares of Noble Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday. BMO Capital Markets set a $37.00 target price on shares of Noble Energy and gave the company a “buy” rating in a research report on Thursday, August 3rd. Scotiabank set a $38.00 target price on shares of Noble Energy and gave the company a “hold” rating in a research report on Thursday, August 3rd. Citigroup Inc. dropped their target price on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 target price on shares of Noble Energy in a research report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $41.34.

Noble Energy Company Profile

Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.

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

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