Investment Management Of Virginia Lowers stake in Noble Energy (NBL)

Noble Energy (NBL) : Investment Management Of Virginia reduced its stake in Noble Energy by 0.4% during the most recent quarter end. The investment management company now holds a total of 123,101 shares of Noble Energy which is valued at $4,363,930 after selling 496 shares in Noble Energy , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Noble Energy makes up approximately 1.10% of Investment Management Of Virginia’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp boosted its stake in NBL in the latest quarter, The investment management firm added 32,176 additional shares and now holds a total of 255,530 shares of Noble Energy which is valued at $9,132,642. Noble Energy makes up approx 0.09% of British Columbia Investment Management Corp’s portfolio.Creative Planning boosted its stake in NBL in the latest quarter, The investment management firm added 2,251 additional shares and now holds a total of 7,532 shares of Noble Energy which is valued at $269,194.Washington Trust Bank boosted its stake in NBL in the latest quarter, The investment management firm added 57 additional shares and now holds a total of 2,017 shares of Noble Energy which is valued at $73,015. Noble Energy makes up approx 0.02% of Washington Trust Bank’s portfolio.

Noble Energy closed down -0.3 points or -0.83% at $35.74 with 50,48,206 shares getting traded on Tuesday. Post opening the session at $35.94, the shares hit an intraday low of $35.535 and an intraday high of $36.24 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. Mizuho Initiated Noble Energy on Oct 14, 2016 to “Buy”, Price Target of the shares are set at $44.

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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