Rafferty Asset Management LLC Purchases 11,578 Shares of Noble Energy Inc. (NBL)
Rafferty Asset Management LLC raised its position in Noble Energy Inc. (NYSE:NBL) by 35.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,038 shares of the oil and gas development company’s stock after acquiring an additional 11,578 shares during the quarter. Rafferty Asset Management LLC’s holdings in Noble Energy were worth $1,246,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of NBL. Fifth Third Bancorp grew its position in Noble Energy by 5.5% in the first quarter. Fifth Third Bancorp now owns 2,913 shares of the oil and gas development company’s stock valued at $100,000 after acquiring an additional 153 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Noble Energy in the first quarter valued at approximately $132,000. Harbour Capital Advisors LLC acquired a new stake in Noble Energy in the first quarter valued at approximately $136,000. Global X Management Co. LLC grew its position in Noble Energy by 30.1% in the first quarter. Global X Management Co. LLC now owns 5,702 shares of the oil and gas development company’s stock valued at $196,000 after acquiring an additional 1,319 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in Noble Energy in the first quarter valued at approximately $201,000. 91.68% of the stock is owned by institutional investors.
Several analysts have issued reports on NBL shares. Tudor Pickering raised shares of Noble Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Noble Energy in a research report on Thursday, July 20th. Cowen and Company set a $35.00 price objective on shares of Noble Energy and gave the company a “buy” rating in a research report on Tuesday, July 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Noble Energy in a research report on Friday, July 14th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Noble Energy in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $41.36.
Noble Energy Inc. (NYSE:NBL) opened at 27.02 on Friday. Noble Energy Inc. has a 52 week low of $22.99 and a 52 week high of $42.03. The company’s 50-day moving average price is $24.87 and its 200 day moving average price is $29.58. The company’s market capitalization is $12.75 billion.
Noble Energy (NYSE:NBL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas development company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.18. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. Noble Energy’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.24) earnings per share. On average, equities research analysts anticipate that Noble Energy Inc. will post ($0.15) EPS for the current year.
Noble Energy 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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