Noble Energy (NBL) : Sentinel Asset Management scooped up 59,410 additional shares in Noble Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 902,000 shares of Noble Energy which is valued at $31,732,360.Noble Energy makes up approximately 0.72% of Sentinel Asset Management’s portfolio.
Other Hedge Funds, Including , Lord Abbett boosted its stake in NBL in the latest quarter, The investment management firm added 182,856 additional shares and now holds a total of 1,613,604 shares of Noble Energy which is valued at $56,766,589. Noble Energy makes up approx 0.18% of Lord Abbett’s portfolio.Artisan Partners Limited Partnership boosted its stake in NBL in the latest quarter, The investment management firm added 1,557,412 additional shares and now holds a total of 4,885,660 shares of Noble Energy which is valued at $171,877,519. Noble Energy makes up approx 0.35% of Artisan Partners Limited Partnership’s portfolio.Oppenheimerfunds reduced its stake in NBL by selling 1,027,321 shares or 14.45% in the most recent quarter. The Hedge Fund company now holds 6,082,972 shares of NBL which is valued at $213,998,955. Noble Energy makes up approx 0.27% of Oppenheimerfunds’s portfolio.Royal London Asset Management Ltd reduced its stake in NBL by selling 9,701 shares or 6.27% in the most recent quarter. The Hedge Fund company now holds 144,984 shares of NBL which is valued at $4,936,705. Noble Energy makes up approx 0.08% of Royal London Asset Management Ltd’s portfolio.
Noble Energy opened for trading at $35.27 and hit $36 on the upside on Monday, eventually ending the session at $35.99, with a gain of 1.84% or 0.65 points. The heightened volatility saw the trading volume jump to 24,46,995 shares. Company has a market cap of $15,464 M.
On the company’s financial health, Noble Energy reported $-0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.28. The company had revenue of $847.00 million for the quarter, compared to analysts expectations of $953.11 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
Many Wall Street Analysts have commented on Noble Energy. Noble Energy was Upgraded by Citigroup to ” Buy” on Jul 7, 2016. Company shares were Reiterated by Wunderlich on Jul 6, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $44 .Noble Energy was Initiated by Credit Agricole to “Outperform” on Jun 22, 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.