Noble Energy, Inc. (NYSE:NBL) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. lessened its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 94.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,199 shares of the oil and gas development company’s stock after selling 233,221 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Noble Energy were worth $319,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. State of Michigan Retirement System lifted its position in shares of Noble Energy by 0.4% during the third quarter. State of Michigan Retirement System now owns 114,961 shares of the oil and gas development company’s stock worth $2,582,000 after purchasing an additional 500 shares in the last quarter. World Asset Management Inc lifted its position in shares of Noble Energy by 2.1% during the third quarter. World Asset Management Inc now owns 34,245 shares of the oil and gas development company’s stock worth $769,000 after purchasing an additional 704 shares in the last quarter. Strs Ohio lifted its position in shares of Noble Energy by 5.6% during the third quarter. Strs Ohio now owns 83,976 shares of the oil and gas development company’s stock worth $1,886,000 after purchasing an additional 4,476 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Noble Energy by 27.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,548 shares of the oil and gas development company’s stock worth $3,718,000 after purchasing an additional 35,455 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Noble Energy by 16.5% during the third quarter. Envestnet Asset Management Inc. now owns 243,058 shares of the oil and gas development company’s stock worth $5,459,000 after purchasing an additional 34,498 shares in the last quarter. 98.57% of the stock is currently owned by institutional investors and hedge funds.

NBL has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Noble Energy from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, October 4th. Wolfe Research upgraded shares of Noble Energy from a “peer perform” rating to an “outperform” rating and cut their target price for the stock from $31.00 to $30.00 in a research note on Tuesday, October 15th. Oppenheimer upgraded shares of Noble Energy from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research note on Thursday, August 22nd. Citigroup upped their target price on shares of Noble Energy from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Co upped their target price on shares of Noble Energy from $26.00 to $28.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $32.01.

Noble Energy stock traded down $0.16 during mid-day trading on Thursday, hitting $20.35. The company had a trading volume of 105,258 shares, compared to its average volume of 6,007,767. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 22.61 and a beta of 1.36. Noble Energy, Inc. has a 1 year low of $17.11 and a 1 year high of $28.96. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $21.94 and a 200 day moving average of $22.61.

Noble Energy (NYSE:NBL) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas development company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. Noble Energy had a negative net margin of 19.93% and a positive return on equity of 0.87%. During the same period in the prior year, the firm posted $0.17 earnings per share. Equities analysts anticipate that Noble Energy, Inc. will post -0.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.36%. Noble Energy’s dividend payout ratio is currently 53.33%.

Noble Energy Company Profile

Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. The company owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins.

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Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

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