Lord Abbett & CO. LLC grew its position in Noble Energy Inc. (NYSE:NBL) by 22.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,399,448 shares of the oil and gas development company’s stock after purchasing an additional 255,300 shares during the period. Lord Abbett & CO. LLC owned about 0.29% of Noble Energy worth $39,604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sentry Investment Management LLC raised its holdings in Noble Energy by 1.9% in the second quarter. Sentry Investment Management LLC now owns 34,495 shares of the oil and gas development company’s stock worth $976,000 after purchasing an additional 650 shares during the period. Toronto Dominion Bank raised its holdings in Noble Energy by 226.8% in the second quarter. Toronto Dominion Bank now owns 384,543 shares of the oil and gas development company’s stock worth $10,880,000 after purchasing an additional 266,884 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Noble Energy in the second quarter worth $560,000. Gofen & Glossberg LLC IL raised its holdings in Noble Energy by 5.3% in the second quarter. Gofen & Glossberg LLC IL now owns 9,129 shares of the oil and gas development company’s stock worth $258,000 after purchasing an additional 456 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Noble Energy by 10.7% in the second quarter. Public Employees Retirement System of Ohio now owns 215,148 shares of the oil and gas development company’s stock worth $6,089,000 after purchasing an additional 20,785 shares during the period. Institutional investors own 91.63% of the company’s stock.

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Several equities research analysts have weighed in on NBL shares. Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 target price (down from $36.00) on shares of Noble Energy in a report on Tuesday, August 29th. Cowen and Company set a $35.00 target price on shares of Noble Energy and gave the stock a “buy” rating in a report on Friday, August 25th. Piper Jaffray Companies reiterated a “buy” rating on shares of Noble Energy in a report on Sunday, August 20th. Citigroup Inc. cut their target price on shares of Noble Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $38.00 target price on shares of Noble Energy in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Noble Energy currently has an average rating of “Buy” and a consensus price target of $40.76.

Noble Energy Inc. (NYSE NBL) opened at 27.76 on Friday. The stock has a 50 day moving average of $26.98 and a 200-day moving average of $28.62. The company’s market cap is $13.10 billion. Noble Energy Inc. has a 12 month low of $22.99 and a 12 month high of $42.03.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.18. The company 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%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. Equities research analysts expect that Noble Energy Inc. will post ($0.14) EPS for the current year.

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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