Bbva Compass Bancshares Inc. reduced its stake in shares of Noble Energy Inc. (NYSE:NBL) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 9,315 shares of the oil and gas development company’s stock after selling 122 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Noble Energy were worth $264,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. increased 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 valued at $1,030,889,000 after buying an additional 28,940,088 shares in the last quarter. Artisan Partners Limited Partnership increased its stake 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 stake 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 stake 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 stake 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. 96.94% of the stock is currently owned by institutional investors.

Noble Energy Inc. (NYSE:NBL) opened at 25.28 on Thursday. The company’s market cap is $10.90 billion. Noble Energy Inc. has a 1-year low of $25.10 and a 1-year high of $42.03. The stock has a 50 day moving average of $27.92 and a 200-day moving average of $32.45.

Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.18. The business had revenue of $1.06 billion for 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%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) EPS. On average, equities research analysts predict that Noble Energy Inc. will post ($0.20) earnings per share for the current year.

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

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A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and set a $48.00 target price on shares of Noble Energy in a research report on Tuesday, April 25th. Credit Suisse Group reissued a “buy” rating and set a $44.00 target price on shares of Noble Energy in a research report on Thursday, April 27th. Barclays PLC reissued an “overweight” rating and set a $41.00 target price (down from $46.00) on shares of Noble Energy in a research report on Saturday, April 22nd. Evercore ISI reissued an “outperform” rating and set a $40.00 target price on shares of Noble Energy in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC set a $40.00 target price on Noble Energy and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Noble Energy currently has an average rating of “Buy” and an average target price of $41.34.

About Noble Energy

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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