Ownership Action Report: Institutional Investors Lead Shift in Noble Energy Inc (NYSE:NBL) Sentiment

November 28, 2016 - By Dolores Ford   ·   0 Comments

Ownership Action Report: Institutional Investors Lead Shift in Noble Energy Inc (NYSE:NBL) Sentiment

Sentiment for Noble Energy Inc (NYSE:NBL)

Noble Energy Inc (NYSE:NBL) institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.09, from 1.02 in 2016Q1. The ratio has improved, as 221 institutional investors started new and increased equity positions, while 216 reduced and sold their stakes in Noble Energy Inc. The institutional investors in our partner’s database now have: 401.25 million shares, down from 408.52 million shares in 2016Q1. Also, the number of institutional investors holding Noble Energy Inc in their top 10 equity positions increased from 5 to 8 for an increase of 3. Sold All: 46 Reduced: 170 Increased: 165 New Position: 56.

Noble Energy, Inc. is an independent energy firm engaged in crude oil, natural gas and natural gas liquids exploration and production. The company has a market cap of $15.33 billion. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs. It currently has negative earnings. The Firm operates in over seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean.

The stock decreased 0.75% or $0.27 on November 25, hitting $35.95. Noble Energy, Inc. (NYSE:NBL) has risen 2.48% since April 25, 2016 and is uptrending. It has underperformed by 3.53% the S&P500.

Analysts await Noble Energy, Inc. (NYSE:NBL) to report earnings on February, 15. They expect $-0.10 EPS, down 122.73% or $0.54 from last year’s $0.44 per share. After $-0.07 actual EPS reported by Noble Energy, Inc. for the previous quarter, Wall Street now forecasts 42.86% negative EPS growth.

According to Zacks Investment Research, “Noble Energy, the parent company of Samedan Oil Corporation, Noble Gas Marketing, Inc. and Noble Trading, Inc., is one of the nation’s leading independent energy companies. Noble Energy operates throughout major basins in the United Stated including the Gulf of Mexico, as well as internationally, in Argentina, China, Ecuador, Equatorial Guinea, the Mediterranean Sea, the North Sea and Vietnam.”

Sailingstone Capital Partners Llc holds 6.63% of its portfolio in Noble Energy, Inc. for 8.76 million shares. Mitchell Group Inc owns 1.41 million shares or 5.07% of their US portfolio. Moreover, National Investment Services Inc Wi has 3.49% invested in the company for 85,122 shares. The Texas-based Penn Davis Mcfarland Inc has invested 3.39% in the stock. Guinness Asset Management Ltd, a United Kingdom-based fund reported 314,725 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 5 sales for $2.45 million net activity.

Noble Energy, Inc. (NYSE:NBL) Ratings Coverage

Ratings analysis reveals 71% of Noble Energy Inc.’s analysts are positive. Out of 21 Wall Street analysts rating Noble Energy Inc., 15 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $31 while the high is $60. The stock’s average target of $44.27 is 23.14% above today’s ($35.95) share price. NBL was included in 42 notes of analysts from July 21, 2015. The stock has “Neutral” rating given by Citigroup on Monday, September 14. The stock of Noble Energy, Inc. (NYSE:NBL) has “Neutral” rating given on Monday, August 24 by Bank of America. RBC Capital Markets maintained the shares of NBL in a report on Tuesday, August 4 with “Outperform” rating. The stock of Noble Energy, Inc. (NYSE:NBL) earned “Buy” rating by Wunderlich on Wednesday, July 6. Deutsche Bank maintained Noble Energy, Inc. (NYSE:NBL) rating on Tuesday, March 29. Deutsche Bank has “Buy” rating and $41 price target. On Wednesday, December 9 the stock rating was initiated by JP Morgan with “Overweight”. On Wednesday, June 8 the stock rating was initiated by Piper Jaffray with “Overweight”. The firm has “Hold” rating given on Wednesday, December 16 by Argus Research. As per Wednesday, June 8, the company rating was reinitiated by Simmons & Co. The rating was upgraded by Seaport Global to “Buy” on Tuesday, June 7.

NBL Company Profile

Noble Energy, Inc., incorporated on December 29, 1969, is an independent energy firm engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs. The Firm operates in approximately seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean. The Company’s sanctioned projects include DJ Basin (onshore United States), Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), Gunflint (deepwater Gulf of Mexico) and Tamar Southwest (offshore Israel). The Company’s activities are grouped into approximately four components that are all primarily in the business of crude oil, natural gas and NGL exploration, development, production and acquisition: the United States; West Africa (Equatorial Guinea, Cameroon and Gabon); Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Other International includes the Falkland Islands, Suriname, the North Sea and China, and new ventures. The Company’s proved reserves are approximately 1,420 million barrels oil equivalent.

More recent Noble Energy, Inc. (NYSE:NBL) news were published by: Prnewswire.com which released: “CONSOL Energy and Noble Energy, Inc. Announce Agreement to Separate Marcellus …” on October 31, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Enbridge Energy Partners, Crestwood Equity Partners and …” on November 01, 2016. Bizjournals.com‘s news article titled: “More layoffs at Noble Energy in Colorado, Texas” with publication date: November 09, 2016 was also an interesting one.

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By Dolores Ford


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