Swiss National Bank Continues to Hold Holdings in Noble Corporation (NE)

Swiss National Bank continued to hold its position in shares of Noble Corporation (NYSE:NE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 401,898 shares of the oil and gas company’s stock at the close of the 2nd quarter. Swiss National Bank owned about 0.16% of Noble Corporation worth $1,455,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in Noble Corporation by 16.8% during the 1st quarter. Teacher Retirement System of Texas now owns 19,601 shares of the oil and gas company’s stock valued at $121,000 after acquiring an additional 2,816 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Noble Corporation during the first quarter valued at approximately $139,000. Founders Capital Management lifted its holdings in shares of Noble Corporation by 95.9% during the second quarter. Founders Capital Management now owns 30,270 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 14,820 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Noble Corporation by 126.1% during the first quarter. Tudor Investment Corp ET AL now owns 30,300 shares of the oil and gas company’s stock valued at $188,000 after purchasing an additional 16,900 shares during the last quarter. Finally, Advantus Capital Management Inc lifted its holdings in shares of Noble Corporation by 3.6% during the first quarter. Advantus Capital Management Inc now owns 31,328 shares of the oil and gas company’s stock valued at $194,000 after purchasing an additional 1,098 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Noble Corporation (NYSE NE) opened at 3.89 on Wednesday. The stock’s market capitalization is $952.67 million. Noble Corporation has a 52 week low of $3.14 and a 52 week high of $8.37. The firm’s 50-day moving average is $3.88 and its 200-day moving average is $4.25.

Noble Corporation (NYSE:NE) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.02. Noble Corporation had a negative net margin of 122.04% and a negative return on equity of 3.19%. The firm had revenue of $278.10 million during the quarter, compared to analysts’ expectations of $284.99 million. During the same quarter last year, the company posted $0.01 earnings per share. The firm’s revenue was down 68.9% compared to the same quarter last year. Analysts forecast that Noble Corporation will post ($1.24) earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on NE shares. Citigroup Inc. lowered shares of Noble Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $11.00 to $4.70 in a report on Friday, June 16th. Seaport Global Securities lowered shares of Noble Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $5.00 to $3.50 in a report on Wednesday, June 21st. Bank of America Corporation lowered shares of Noble Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $7.00 to $2.00 in a report on Friday, June 30th. Jefferies Group LLC set a $7.00 target price on shares of Noble Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. Finally, Sanford C. Bernstein lowered shares of Noble Corporation from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $7.00 to $2.50 in a report on Thursday, July 6th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $5.67.

COPYRIGHT VIOLATION WARNING: This story was first reported by Markets Daily and is the property of of Markets Daily. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.themarketsdaily.com/2017/10/11/swiss-national-bank-continues-to-hold-holdings-in-noble-corporation-ne.html.

About Noble Corporation

Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (NYSE:NE) located globally.

Want to see what other hedge funds are holding NE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Corporation (NYSE:NE).

Institutional Ownership by Quarter for Noble Corporation (NYSE:NE)

Receive News & Ratings for Noble Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply