Noble Energy Inc (NYSE:NBL): Stock Institutional Investors Like

July 16, 2018 - By Megan Stone

Noble Energy, Inc. (NYSE:NBL) Logo

Sentiment for Noble Energy Inc (NYSE:NBL)

Noble Energy Inc (NYSE:NBL) institutional sentiment increased to 1.15 in 2018 Q1. Its up 0.26, from 0.89 in 2017Q4. The ratio is positive, as 205 investment managers started new or increased stock positions, while 179 decreased and sold their stock positions in Noble Energy Inc. The investment managers in our partner’s database now have: 465.46 million shares, up from 456.50 million shares in 2017Q4. Also, the number of investment managers holding Noble Energy Inc in their top 10 stock positions increased from 7 to 9 for an increase of 2. Sold All: 31 Reduced: 148 Increased: 151 New Position: 54.

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 has market cap of $16.71 billion. The Company’s principal projects are located in onshore DJ Basin, Eagle Ford Shale, Permian Basin, and Marcellus Shale, the United States; deepwater Gulf of Mexico; Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea; and offshore the Falkland Islands, Suriname, and Newfoundland. It currently has negative earnings. As of December 31, 2016, the firm had approximately 1,437 million barrels oil equivalent of total proved reserves.

The stock decreased 3.62% or $1.3 during the last trading session, reaching $34.72. About 1.95M shares traded. Noble Energy, Inc. (NYSE:NBL) has risen 18.87% since July 16, 2017 and is uptrending. It has outperformed by 6.30% the S&P500.

Analysts await Noble Energy, Inc. (NYSE:NBL) to report earnings on August, 3 before the open. They expect $0.23 EPS, up 360.00 % or $0.18 from last year’s $0.05 per share. NBL’s profit will be $110.71 million for 37.74 P/E if the $0.23 EPS becomes a reality. After $0.35 actual EPS reported by Noble Energy, Inc. for the previous quarter, Wall Street now forecasts -34.29 % negative EPS growth.

Carval Investors Llc holds 13.12% of its portfolio in Noble Energy, Inc. for 231,650 shares. Ares Management Llc owns 9.96 million shares or 9.6% of their US portfolio. Moreover, Oslo Asset Management As has 6.89% invested in the company for 666,173 shares. The Texas-based Caymus Capital Partners L.P. has invested 6.55% in the stock. Mitchell Group Inc, a Texas-based fund reported 914,221 shares.

Since January 1, 0001, it had 0 insider purchases, and 9 insider sales for $3.22 million activity.

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

Ratings analysis reveals 94% of Noble Energy’s analysts are positive. Out of 16 Wall Street analysts rating Noble Energy, 15 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $37.0 while the high is $65.0. The stock’s average target of $45.27 is 30.39% above today’s ($34.72) share price. NBL was included in 25 notes of analysts from January 24, 2018. The company was maintained on Wednesday, April 25 by Jefferies. The firm earned “Buy” rating on Wednesday, March 28 by Stifel Nicolaus. On Monday, February 26 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Noble Energy, Inc. (NYSE:NBL) has “Buy” rating given on Thursday, February 22 by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, July 10 by Bank of America. The firm has “Buy” rating given on Tuesday, January 23 by Credit Suisse. Morgan Stanley maintained the shares of NBL in report on Wednesday, January 24 with “Overweight” rating. As per Wednesday, February 21, the company rating was maintained by Imperial Capital. The stock of Noble Energy, Inc. (NYSE:NBL) earned “Buy” rating by Stifel Nicolaus on Monday, April 23. The rating was upgraded by Johnson Rice on Wednesday, April 25 to “Buy”.

Another recent and important Noble Energy, Inc. (NYSE:NBL) news was published by Seekingalpha.com which published an article titled: “Noble Energy In The Eagle Ford” on July 09, 2018.

Noble Energy, Inc. (NYSE:NBL) Institutional Positions Chart

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