Rothschild Capital Partners adds Noble Energy (NBL) to its portfolio

Noble Energy (NBL) : Rothschild Capital Partners added new position in Noble Energy during the most recent quarter end. The investment management firm now holds 66,930 shares of Noble Energy which is valued at $2,332,511 , the company said in a statement filed on Jul 26, 2016 with the SEC.Noble Energy makes up approximately 1.20% of Rothschild Capital Partners’s portfolio.

Other Hedge Funds, Including , Pggm Investments sold out all of its stake in NBL during the most recent quarter. The investment firm sold 519,333 shares of NBL which is valued $18,098,755.Ibm Retirement Fund reduced its stake in NBL by selling 162 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 50,403 shares of NBL which is valued at $1,765,617. Noble Energy makes up approx 0.06% of Ibm Retirement Fund’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in NBL in the latest quarter, The investment management firm added 6,523 additional shares and now holds a total of 110,936 shares of Noble Energy which is valued at $3,991,477. Noble Energy makes up approx 0.08% of Exxonmobil Investment Management Inc Tx’s portfolio.

Noble Energy opened for trading at $34.81 and hit $35.79 on the upside on Friday, eventually ending the session at $35.72, with a gain of 1.39% or 0.49 points. The heightened volatility saw the trading volume jump to 38,14,625 shares. Company has a market cap of $15,345 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.

Investors should note that on Jul 26, 2016, Noble Energy announced a cash dividend of $0.1000. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 8, 2016. The payable date has been fixed on Aug 22, 2016.

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.

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