Noble Energy Inc. (NBL) Position Held by State Farm Mutual Automobile Insurance Co.

State Farm Mutual Automobile Insurance Co. maintained its stake in shares of Noble Energy Inc. (NYSE:NBL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,436,600 shares of the oil and gas development company’s stock at the end of the second quarter. State Farm Mutual Automobile Insurance Co. owned approximately 0.71% of Noble Energy worth $97,255,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Noble Energy by 2,679.8% during the first quarter. BlackRock Inc. now owns 30,020,041 shares of the oil and gas development company’s stock worth $1,030,889,000 after purchasing an additional 28,940,088 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Noble Energy by 22.6% during the first quarter. Artisan Partners Limited Partnership now owns 6,663,944 shares of the oil and gas development company’s stock worth $228,840,000 after purchasing an additional 1,227,939 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Noble Energy by 3.9% during the first quarter. Vanguard Group Inc. now owns 29,999,741 shares of the oil and gas development company’s stock worth $1,030,192,000 after purchasing an additional 1,117,646 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Noble Energy by 14.9% during the second quarter. American Century Companies Inc. now owns 8,258,410 shares of the oil and gas development company’s stock worth $233,713,000 after purchasing an additional 1,068,521 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Noble Energy by 34.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,106,603 shares of the oil and gas development company’s stock worth $106,677,000 after purchasing an additional 793,657 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

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Several brokerages have recently issued reports on NBL. Seaport Global Securities raised shares of Noble Energy from a “sell” rating to a “neutral” rating and increased their price target for the stock from $23.00 to $26.00 in a research report on Friday, August 11th. Cowen and Company set a $35.00 target price on shares of Noble Energy and gave the company a “buy” rating in a report on Friday, August 25th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Noble Energy in a report on Sunday, August 20th. Barclays PLC raised their target price on shares of Noble Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $39.00 target price on shares of Noble Energy in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $41.11.

Noble Energy Inc. (NBL) traded down 0.04% during trading on Friday, reaching $25.97. 2,227,113 shares of the company were exchanged. The firm’s 50 day moving average is $25.11 and its 200 day moving average is $29.91. Noble Energy Inc. has a 52-week low of $22.99 and a 52-week high of $42.03. The stock’s market capitalization is $12.26 billion.

Noble Energy (NYSE:NBL) last posted its earnings results on Thursday, August 3rd. The oil and gas development company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.18. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Noble Energy had a positive return on equity of 0.86% and a negative net margin of 46.63%. Noble Energy’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.24) EPS. Analysts expect that Noble Energy Inc. will post ($0.15) EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. Noble Energy’s dividend payout ratio (DPR) is presently -9.90%.

Noble Energy Company Profile

Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.

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

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