Trading Report: Today, Mason Street Advisors LLC Invests $2,071,000 in Noble Energy Inc. (NBL)

Today, Mason Street Advisors LLC Invests $2,071,000 in Noble Energy Inc. (NBL)

Mason Street Advisors LLC purchased a new stake in Noble Energy Inc. (NYSE:NBL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 57,726 shares of the oil and gas development company’s stock, valued at approximately $2,071,000.

Other large investors also recently modified their holdings of the company. Checchi Capital Advisers LLC raised its stake in shares of Noble Energy by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,592 shares of the oil and gas development company’s stock valued at $129,000 after buying an additional 49 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Noble Energy by 0.6% in the second quarter. LS Investment Advisors LLC now owns 17,579 shares of the oil and gas development company’s stock valued at $631,000 after buying an additional 99 shares during the last quarter. Eagle Boston Investment Management Inc. raised its stake in shares of Noble Energy by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 15,585 shares of the oil and gas development company’s stock valued at $559,000 after buying an additional 174 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Noble Energy by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 10,834 shares of the oil and gas development company’s stock valued at $350,000 after buying an additional 211 shares during the last quarter. Finally, Conning Inc. raised its stake in shares of Noble Energy by 2.3% in the second quarter. Conning Inc. now owns 9,638 shares of the oil and gas development company’s stock valued at $346,000 after buying an additional 220 shares during the last quarter. 95.38% of the stock is owned by institutional investors.

Shares of Noble Energy Inc. (NYSE:NBL) traded down 0.75% during trading on Friday, reaching $35.95. The company had a trading volume of 1,096,043 shares. Noble Energy Inc. has a 52-week low of $23.77 and a 52-week high of $38.62. The firm has a 50-day moving average price of $35.97 and a 200-day moving average price of $35.60. The company’s market capitalization is $15.46 billion.

The business also recently announced a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, November 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. Noble Energy’s payout ratio is currently -6.19%.

NBL has been the topic of several recent research reports. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Noble Energy in a research note on Tuesday. Jefferies Group reaffirmed a “buy” rating and set a $45.00 target price on shares of Noble Energy in a research note on Thursday, November 3rd. Nomura reaffirmed a “buy” rating and set a $41.00 target price on shares of Noble Energy in a research note on Monday, November 7th. Seaport Global Securities cut shares of Noble Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $38.00 in a research note on Thursday, November 17th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Noble Energy in a research note on Thursday, November 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. Noble Energy has a consensus rating of “Buy” and a consensus price target of $40.71.

In related news, Director Jeffrey L. Berenson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $34.05, for a total transaction of $340,500.00. Following the sale, the director now directly owns 82,269 shares in the company, valued at approximately $2,801,259.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas J. Edelman sold 12,000 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $33.62, for a total value of $403,440.00. Following the sale, the director now owns 3,032,978 shares in the company, valued at $101,968,720.36. The disclosure for this sale can be found here. Corporate insiders own 2.17% of the company’s stock.

About Noble Energy

Noble Energy, Inc is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs.

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