Sailingstone Capital Partners buys $308,164,030 stake in Noble Energy (NBL)

Noble Energy (NBL) : Sailingstone Capital Partners scooped up 200,240 additional shares in Noble Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 8,759,637 shares of Noble Energy which is valued at $308,164,030.Noble Energy makes up approximately 6.58% of Sailingstone Capital Partners’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp reduced its stake in NBL by selling 245,627 shares or 39.71% in the most recent quarter. The Hedge Fund company now holds 372,899 shares of NBL which is valued at $13,118,587. Noble Energy makes up approx 0.06% of Two Sigma Advisers Lp’s portfolio.Hightower Advisors reduced its stake in NBL by selling 470 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 14,104 shares of NBL which is valued at $496,179. Noble Energy makes up approx 0.01% of Hightower Advisors’s portfolio. Johnson Investment Counsel Inc sold out all of its stake in NBL during the most recent quarter. The investment firm sold 8,210 shares of NBL which is valued $288,828. Gsa Capital Partners Llp sold out all of its stake in NBL during the most recent quarter. The investment firm sold 87,954 shares of NBL which is valued $2,933,266.

Noble Energy opened for trading at $35.24 and hit $35.68 on the upside on Wednesday, eventually ending the session at $35.53, with a gain of 1.34% or 0.47 points. The heightened volatility saw the trading volume jump to 3,601,565 shares. Company has a market cap of $15,266 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.

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