Jane Street Group LLC Invests $222,000 in Noble Co. PLC (NYSE:NE)

Jane Street Group LLC purchased a new position in shares of Noble Co. PLC (NYSE:NE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 118,675 shares of the oil and gas company’s stock, valued at approximately $222,000.

A number of other large investors also recently made changes to their positions in the stock. Firefly Value Partners LP raised its stake in Noble by 17.7% during the 2nd quarter. Firefly Value Partners LP now owns 20,141,856 shares of the oil and gas company’s stock worth $37,665,000 after acquiring an additional 3,026,000 shares in the last quarter. Van ECK Associates Corp raised its stake in Noble by 51.1% during the 2nd quarter. Van ECK Associates Corp now owns 4,688,401 shares of the oil and gas company’s stock worth $8,767,000 after acquiring an additional 1,586,351 shares in the last quarter. Northern Trust Corp raised its stake in Noble by 1.2% during the 2nd quarter. Northern Trust Corp now owns 3,293,760 shares of the oil and gas company’s stock worth $6,160,000 after acquiring an additional 40,017 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Noble by 14.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,794,318 shares of the oil and gas company’s stock worth $5,226,000 after acquiring an additional 342,664 shares in the last quarter. Finally, Brigade Capital Management LP raised its stake in Noble by 100.6% during the 2nd quarter. Brigade Capital Management LP now owns 2,114,156 shares of the oil and gas company’s stock worth $3,954,000 after acquiring an additional 1,060,000 shares in the last quarter. Hedge funds and other institutional investors own 77.25% of the company’s stock.

In other news, Director Julie H. Edwards purchased 25,000 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were acquired at an average cost of $1.24 per share, for a total transaction of $31,000.00. Following the completion of the purchase, the director now directly owns 189,302 shares in the company, valued at approximately $234,734.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Shares of Noble stock traded down $0.04 on Monday, reaching $1.29. 27,290 shares of the stock were exchanged, compared to its average volume of 4,998,367. Noble Co. PLC has a 1-year low of $0.99 and a 1-year high of $6.96. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average price of $1.54 and a two-hundred day moving average price of $2.00. The firm has a market capitalization of $322.65 million, a PE ratio of -0.70 and a beta of 2.51.

Noble (NYSE:NE) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.11. Noble had a negative net margin of 28.97% and a negative return on equity of 8.14%. The business had revenue of $292.90 million for the quarter, compared to analyst estimates of $271.59 million. During the same period in the previous year, the business posted ($0.49) earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. Research analysts expect that Noble Co. PLC will post -1.65 EPS for the current year.

A number of research analysts have commented on NE shares. Scotiabank set a $1.00 price objective on shares of Noble and gave the company a “hold” rating in a research note on Monday, August 26th. Royal Bank of Canada lowered shares of Noble from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $9.00 to $3.00 in a research note on Wednesday, September 25th. ValuEngine upgraded shares of Noble from a “hold” rating to a “buy” rating in a research note on Saturday, October 5th. Citigroup lowered shares of Noble from a “neutral” rating to a “sell” rating and set a $1.00 price objective on the stock. in a research note on Monday, September 23rd. Finally, Pareto Securities lowered shares of Noble from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $2.63.

Noble Company Profile

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2018, the company operated a fleet of 24 drilling rigs consisted of 8 drill ships, 4 semisubmersibles, and 12 jack ups.

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Institutional Ownership by Quarter for Noble (NYSE:NE)

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