Noble Energy Inc. (NBL) Holdings Maintained by Dreman Value Management L L C
Dreman Value Management L L C held its position in Noble Energy Inc. (NYSE:NBL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,990 shares of the oil and gas development company’s stock at the close of the second quarter. Dreman Value Management L L C’s holdings in Noble Energy were worth $240,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NBL. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Noble Energy by 2.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,842 shares of the oil and gas development company’s stock valued at $304,000 after acquiring an additional 203 shares during the last quarter. Systematic Financial Management LP purchased a new position in shares of Noble Energy in the 1st quarter valued at about $333,000. Teachers Advisors LLC increased its holdings in shares of Noble Energy by 3.4% in the 1st quarter. Teachers Advisors LLC now owns 867,164 shares of the oil and gas development company’s stock valued at $29,778,000 after acquiring an additional 28,211 shares during the last quarter. Ngam Advisors L.P. purchased a new position in shares of Noble Energy in the 1st quarter valued at about $583,000. Finally, Fifth Third Bancorp increased its holdings in shares of Noble Energy by 5.5% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 91.63% of the company’s stock.
Noble Energy (NYSE:NBL) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. The business’s revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.24) earnings per share.
A number of research firms have recently commented on NBL. Morgan Stanley increased their price objective on Noble Energy from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday. Scotiabank reiterated a “hold” rating and issued a $38.00 price objective on shares of Noble Energy in a report on Friday, June 30th. Citigroup Inc. dropped their price objective on Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Royal Bank Of Canada set a $37.00 price objective on Noble Energy and gave the company a “buy” rating in a report on Sunday. Finally, Seaport Global Securities downgraded Noble Energy from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $36.00 to $23.00 in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.76.
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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