Mercer Global Advisors Inc. ADV Invests $356,000 in Noble Energy, Inc. (NBL)

Mercer Global Advisors Inc. ADV bought a new position in shares of Noble Energy, Inc. (NYSE:NBL) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 18,985 shares of the oil and gas development company’s stock, valued at approximately $356,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in Noble Energy by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 4,305,959 shares of the oil and gas development company’s stock valued at $134,301,000 after buying an additional 40,955 shares during the period. Pacer Advisors Inc. boosted its position in Noble Energy by 42.6% during the third quarter. Pacer Advisors Inc. now owns 32,082 shares of the oil and gas development company’s stock valued at $1,001,000 after buying an additional 9,579 shares during the period. Verition Fund Management LLC boosted its position in Noble Energy by 159.8% during the third quarter. Verition Fund Management LLC now owns 18,975 shares of the oil and gas development company’s stock valued at $592,000 after buying an additional 11,672 shares during the period. AQR Capital Management LLC boosted its position in Noble Energy by 887.5% during the third quarter. AQR Capital Management LLC now owns 202,857 shares of the oil and gas development company’s stock valued at $6,327,000 after buying an additional 182,314 shares during the period. Finally, Kentucky Retirement Systems purchased a new stake in Noble Energy during the third quarter valued at about $2,020,000. Institutional investors own 97.81% of the company’s stock.

In related news, CFO Kenneth M. Fisher sold 16,564 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $22.89, for a total value of $379,149.96. Following the completion of the transaction, the chief financial officer now directly owns 215,854 shares of the company’s stock, valued at $4,940,898.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James E. Craddock sold 9,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $23.62, for a total transaction of $212,580.00. The disclosure for this sale can be found here. 1.81% of the stock is owned by corporate insiders.

Several research firms have issued reports on NBL. ValuEngine upgraded shares of Noble Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Stephens set a $35.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research report on Tuesday, February 26th. Mizuho upgraded shares of Noble Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $28.00 to $29.00 in a research report on Tuesday, March 19th. Imperial Capital set a $39.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research report on Wednesday, February 20th. Finally, UBS Group set a $34.00 price target on shares of Noble Energy and gave the company a “buy” rating in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.92.

Shares of NYSE:NBL opened at $27.11 on Friday. The stock has a market cap of $13.11 billion, a PE ratio of 29.79 and a beta of 1.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. Noble Energy, Inc. has a 12 month low of $17.11 and a 12 month high of $37.76.

Noble Energy (NYSE:NBL) last issued its quarterly earnings data on Tuesday, February 19th. The oil and gas development company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Noble Energy had a negative net margin of 1.32% and a positive return on equity of 3.93%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities analysts anticipate that Noble Energy, Inc. will post 0.14 earnings per share for the current year.

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Noble Energy 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. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.

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

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