Sentinel Asset Management buys $29.7 Million stake in Noble Energy (NBL)

Noble Energy (NBL) : Sentinel Asset Management scooped up 27,270 additional shares in Noble Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 842,590 shares of Noble Energy which is valued at $29.7 Million.Noble Energy makes up approximately 0.67% of Sentinel Asset Management’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp reduced its stake in NBL by selling 169,233 shares or 77.87% in the most recent quarter. The Hedge Fund company now holds 48,091 shares of NBL which is valued at $1.7 Million. Noble Energy makes up approx 0.02% of Marshall Wace Llp’s portfolio. Mackenzie Financial Corp added NBL to its portfolio by purchasing 6,800 company shares during the most recent quarter which is valued at $239,428.Mosaic Family Wealth reduced its stake in NBL by selling 461 shares or 65.86% in the most recent quarter. The Hedge Fund company now holds 239 shares of NBL which is valued at $8,415.United Capital Financial Advisers boosted its stake in NBL in the latest quarter, The investment management firm added 971 additional shares and now holds a total of 7,767 shares of Noble Energy which is valued at $273,476.Andra Ap-fonden reduced its stake in NBL by selling 6,600 shares or 16.22% in the most recent quarter. The Hedge Fund company now holds 34,100 shares of NBL which is valued at $1.2 Million. Noble Energy makes up approx 0.03% of Andra Ap-fonden’s portfolio.

Noble Energy opened for trading at $35.93 and hit $36.79 on the upside on Wednesday, eventually ending the session at $36.28, with a gain of 2.69% or 0.95 points. The heightened volatility saw the trading volume jump to 37,66,685 shares. Company has a market cap of $15,586 M.

On the company’s financial health, Noble Energy reported $-0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.58. The company had revenue of $724.00 million for the quarter, compared to analysts expectations of $826.78 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Noble Energy. Sterne Agee CRT Upgraded Noble Energy on May 25, 2016 to ” Buy”, Price Target of the shares are set at $47.Company shares were Reiterated by Barclays on May 24, 2016 to “Overweight”, Firm has raised the Price Target to $ 41 from a previous price target of $33 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 45 from a previous price target of $43 .

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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