Thompson Investment Management buys $3,873,183 stake in Noble Energy (NBL)

Noble Energy (NBL) : Thompson Investment Management scooped up 10,190 additional shares in Noble Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 107,469 shares of Noble Energy which is valued at $3,873,183.Noble Energy makes up approximately 0.80% of Thompson Investment Management’s portfolio.

Noble Energy opened for trading at $36.89 and hit $37.5695 on the upside on Wednesday, eventually ending the session at $37.11, with a gain of 1.70% or 0.62 points. The heightened volatility saw the trading volume jump to 42,57,582 shares. Company has a market cap of $15,914 M.

Other Hedge Funds, Including , Lucas Capital Management reduced its stake in NBL by selling 73,930 shares or 74.15% in the most recent quarter. The Hedge Fund company now holds 25,775 shares of NBL which is valued at $928,931. Noble Energy makes up approx 0.63% of Lucas Capital Management’s portfolio.Rnc Capital Management boosted its stake in NBL in the latest quarter, The investment management firm added 27,430 additional shares and now holds a total of 63,584 shares of Noble Energy which is valued at $2,044,226. Noble Energy makes up approx 0.20% of Rnc Capital Management’s portfolio.Proficio Capital Partners boosted its stake in NBL in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 106 shares of Noble Energy which is valued at $3,416.British Columbia Investment Management Corp boosted its stake in NBL in the latest quarter, The investment management firm added 5,391 additional shares and now holds a total of 206,222 shares of Noble Energy which is valued at $6,646,535. Noble Energy makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Noble Energy reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.47 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $-0.03. The company had revenue of $846.00 million for the quarter, compared to analysts expectations of $1063.76 million. The company’s revenue was down -20.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Noble Energy. Shares were Reiterated by Stifel on Mar 29, 2016 to “Buy” and Lowered the Price Target to $ 37 from a previous price target of $40 .Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Buy” and Lowered the Price Target to $ 41 from a previous price target of $42 .Noble Energy was Downgraded by Tudor Pickering to ” Hold” on Mar 28, 2016.

Noble Energy Inc. is an independent energy company engaged in crude oil natural gas and natural gas liquids exploration and production. Its operations are grouped into four components: the United States; West Africa (Equatorial Guinea Cameroon Gabon and Sierra Leone; Eastern Mediterranean (Israel and Cyprus) and Other International and Corporate. Its assets in the United States include DJ Basin Marcellus Shale Deepwater Gulf of Mexico and Other Onshore US. The onshore West Africa includes the Alba field Block O and Block I offshore Equatorial Guinea the YoYo mining concession and Tilapia PSC offshore Cameroon two blocks offshore Sierra Leone and one block offshore Gabon. In the Eastern Mediterranean it has six leases and five licenses operated offshore Israel and one license operated offshore Cyprus. Other International includes various international new ventures such as offshore Nicaragua and offshore Falkland Islands.

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