Adage Capital Partners Gp LLC Has Decreased Its Stake in Noble Energy INC (NBL) as Share Value Declined

Noble Energy, Inc. (NYSE:NBL) LogoInvestors sentiment decreased to 1.07 in 2018 Q2. Its down 0.08, from 1.15 in 2018Q1. It dropped, as 27 investors sold NBL shares while 171 reduced holdings. 76 funds opened positions while 135 raised stakes. 465.23 million shares or 0.05% less from 465.46 million shares in 2018Q1 were reported. Schaper Benz Wise Investment Counsel Inc Wi holds 1.04% or 205,692 shares in its portfolio. Samlyn Lc stated it has 534,493 shares or 0.44% of all its holdings. 7.17M are owned by Fmr Ltd Co. Trust Company Of Vermont reported 744 shares. Renaissance Tech Ltd Liability Corp has invested 0.01% in Noble Energy, Inc. (NYSE:NBL). Veritable Limited Partnership reported 0.01% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Natl Inv Inc Wi has invested 1.47% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Trust Of Oklahoma has invested 0% in Noble Energy, Inc. (NYSE:NBL). Commonwealth National Bank Of Australia owns 814 shares. Bokf Na owns 20,034 shares. Ameritas Inv Prtnrs stated it has 0.02% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Hite Hedge Asset Mngmt Ltd Liability Company reported 712,169 shares or 3.94% of all its holdings. Tiaa Cref Mngmt Limited Liability holds 903,029 shares. King Luther Mngmt Corp owns 1.81 million shares or 0.52% of their US portfolio. Badgley Phelps And Bell Inc invested in 19,670 shares or 0.04% of the stock.

Since July 10, 2018, it had 0 insider purchases, and 2 selling transactions for $1.55 million activity. $924,225 worth of Noble Energy, Inc. (NYSE:NBL) was sold by Willingham Gary W. on Tuesday, July 10.

Adage Capital Partners Gp Llc decreased its stake in Noble Energy Inc (NBL) by 1.38% based on its latest 2018Q2 regulatory filing with the SEC. Adage Capital Partners Gp Llc sold 190,100 shares as the company’s stock declined 15.24% while stock markets rallied. The hedge fund held 13.56M shares of the oil & gas production company at the end of 2018Q2, valued at $478.49M, down from 13.75 million at the end of the previous reported quarter. Adage Capital Partners Gp Llc who had been investing in Noble Energy Inc for a number of months, seems to be less bullish one the $11.34B market cap company. The stock decreased 0.25% or $0.06 during the last trading session, reaching $23.78. About 8.58 million shares traded or 55.21% up from the average. Noble Energy, Inc. (NYSE:NBL) has risen 16.53% since December 8, 2017 and is uptrending. It has outperformed by 0.91% the S&P500.

Adage Capital Partners Gp Llc, which manages about $43.67 billion US Long portfolio, upped its stake in Merck & Co Inc (NYSE:MRK) by 3.31M shares to 6.57 million shares, valued at $399.00 million in 2018Q2, according to the filing. It also increased its holding in Pg&E Corp (NYSE:PCG) by 268,300 shares in the quarter, for a total of 951,000 shares, and has risen its stake in Eqt Corp (NYSE:EQT).

Analysts await Noble Energy, Inc. (NYSE:NBL) to report earnings on February, 19. They expect $0.18 earnings per share, down 43.75 % or $0.14 from last year’s $0.32 per share. NBL’s profit will be $85.81 million for 33.03 P/E if the $0.18 EPS becomes a reality. After $0.27 actual earnings per share reported by Noble Energy, Inc. for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

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

Among 12 analysts covering Noble Energy (NYSE:NBL), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Noble Energy had 16 analyst reports since July 5, 2018 according to SRatingsIntel. The rating was reinitiated by PiperJaffray on Friday, September 28 with “Overweight”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, October 12 report. Stifel Nicolaus maintained it with “Buy” rating and $4300 target in Sunday, November 25 report. The stock of Noble Energy, Inc. (NYSE:NBL) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, November 20. The firm has “Buy” rating by Tudor Pickering given on Wednesday, November 7. On Wednesday, November 7 the stock rating was upgraded by Raymond James to “Outperform”. Citigroup maintained Noble Energy, Inc. (NYSE:NBL) on Monday, August 13 with “Buy” rating. The firm earned “Buy” rating on Tuesday, July 10 by Bank of America. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, August 16. The rating was downgraded by Mizuho on Monday, August 6 to “Neutral”.

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

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