The Hartford Investment Management Co. Buys 1,258 Shares of Noble Energy, Inc. (NBL)

The Hartford Investment Management Co. Buys 1,258 Shares of Noble Energy, Inc. (NBL)

Hartford Investment Management Co. increased its stake in Noble Energy, Inc. (NYSE:NBL) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 103,346 shares of the oil and gas development company’s stock after buying an additional 1,258 shares during the period. Hartford Investment Management Co.’s holdings in Noble Energy were worth $3,694,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. bought a new position in Noble Energy during the second quarter valued at about $136,000. Penobscot Investment Management Company Inc. bought a new position in Noble Energy during the second quarter valued at about $201,000. Carderock Capital Management Inc. bought a new position in Noble Energy during the second quarter valued at about $206,000. Mizuho Asset Management Co. Ltd. raised its position in Noble Energy by 129.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,183 shares of the oil and gas development company’s stock valued at $222,000 after buying an additional 3,485 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Noble Energy by 5.7% in the second quarter. Pacer Advisors Inc. now owns 6,331 shares of the oil and gas development company’s stock valued at $227,000 after buying an additional 344 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

Noble Energy, Inc. (NYSE:NBL) traded down 1.20% during mid-day trading on Wednesday, reaching $39.57. The company had a trading volume of 3,678,539 shares. The stock’s 50-day moving average price is $38.95 and its 200 day moving average price is $36.28. The firm’s market capitalization is $17.02 billion. Noble Energy, Inc. has a 52 week low of $23.77 and a 52 week high of $42.03.

Several equities analysts recently issued reports on the company. Mizuho raised their price target on Noble Energy from $37.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday. Seaport Global Securities upgraded Noble Energy from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $33.00 to $36.00 in a research report on Tuesday. Instinet lifted their price objective on Noble Energy from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Vetr upgraded Noble Energy from a “hold” rating to a “buy” rating and set a $41.15 price objective on the stock in a research report on Monday, December 12th. Finally, BMO Capital Markets upgraded Noble Energy from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $45.00 to $50.00 in a research report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $42.80.

In related news, CEO David L. Stover sold 48,610 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $40.00, for a total value of $1,944,400.00. Following the transaction, the chief executive officer now owns 603,460 shares of the company’s stock, valued at $24,138,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael W. Putnam sold 7,480 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $37.00, for a total value of $276,760.00. Following the completion of the transaction, the vice president now directly owns 34,216 shares in the company, valued at approximately $1,265,992. The disclosure for this sale can be found here. 2.17% of the stock is owned by corporate insiders.

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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