Noble Energy (NBL) : Baldwin Investment Management reduced its stake in Noble Energy by 0.17% during the most recent quarter end. The investment management company now holds a total of 14,925 shares of Noble Energy which is valued at $508,196 after selling 25 shares in Noble Energy , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Noble Energy makes up approximately 0.22% of Baldwin Investment Management’s portfolio.
Other Hedge Funds, Including , Proficio Capital Partners reduced its stake in NBL by selling 65 shares or 61.32% in the most recent quarter. The Hedge Fund company now holds 41 shares of NBL which is valued at $1,465. Penobscot Investment Management Company added NBL to its portfolio by purchasing 5,600 company shares during the most recent quarter which is valued at $200,032. Noble Energy makes up approx 0.07% of Penobscot Investment Management Company’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in NBL in the latest quarter, The investment management firm added 109,566 additional shares and now holds a total of 226,894 shares of Noble Energy which is valued at $7,907,256. Noble Energy makes up approx 0.20% of Candriam Luxembourg S.c.a.’s portfolio.
Noble Energy opened for trading at $33.75 and hit $34.24 on the upside on Monday, eventually ending the session at $33.48, with a gain of 0.39% or 0.13 points. The heightened volatility saw the trading volume jump to 64,11,004 shares. Company has a market cap of $14,385 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.