Balyasny Asset Management Lowers stake in Noble Energy (NBL)

Noble Energy (NBL) : Balyasny Asset Management reduced its stake in Noble Energy by 16.34% during the most recent quarter end. The investment management company now holds a total of 3,290,275 shares of Noble Energy which is valued at $115,751,875 after selling 642,433 shares in Noble Energy , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Noble Energy makes up approximately 0.90% of Balyasny Asset Management’s portfolio.

Other Hedge Funds, Including , Verition Fund Management added NBL to its portfolio by purchasing 14,136 company shares during the most recent quarter which is valued at $497,304. Noble Energy makes up approx 0.12% of Verition Fund Management’s portfolio.Dynamic Technology Lab Private Ltd reduced its stake in NBL by selling 6,410 shares or 51.13% in the most recent quarter. The Hedge Fund company now holds 6,127 shares of NBL which is valued at $215,548. Noble Energy makes up approx 0.05% of Dynamic Technology Lab Private Ltd’s portfolio.Bnp Paribas Investment Partners S.a. reduced its stake in NBL by selling 2,166 shares or 2.84% in the most recent quarter. The Hedge Fund company now holds 74,167 shares of NBL which is valued at $2,589,912. Noble Energy makes up approx 0.02% of Bnp Paribas Investment Partners S.a.’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in NBL by selling 2,282 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 93,141 shares of NBL which is valued at $3,326,997. Noble Energy makes up approx 0.03% of Public Employees Retirement Association Of Colorado’s portfolio.American Century Companies Inc reduced its stake in NBL by selling 111,529 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 6,221,432 shares of NBL which is valued at $216,816,905. Noble Energy makes up approx 0.24% of American Century Companies Inc’s portfolio.

Noble Energy closed down -0.63 points or -1.83% at $33.85 with 46,06,743 shares getting traded on Thursday. Post opening the session at $34.24, the shares hit an intraday low of $33.62 and an intraday high of $34.57 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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