Noble Co. PLC (NE) Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of Noble Co. PLC (NYSE:NE) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,001,252 shares of the oil and gas company’s stock after buying an additional 361,184 shares during the quarter. Dimensional Fund Advisors LP owned 6.89% of Noble worth $119,516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NE. Welch & Forbes LLC purchased a new stake in shares of Noble during the third quarter valued at $115,000. First Mercantile Trust Co. boosted its stake in shares of Noble by 210.1% during the third quarter. First Mercantile Trust Co. now owns 29,051 shares of the oil and gas company’s stock valued at $204,000 after purchasing an additional 19,684 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Noble by 127.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,703 shares of the oil and gas company’s stock valued at $216,000 after purchasing an additional 17,214 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in shares of Noble during the second quarter valued at $229,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Noble during the second quarter valued at $284,000. 85.64% of the stock is owned by institutional investors.

NE stock opened at $3.68 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.02 billion, a P/E ratio of -3.23 and a beta of 2.41. Noble Co. PLC has a 1-year low of $3.39 and a 1-year high of $7.44.

Noble (NYSE:NE) last released its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.02. The firm had revenue of $279.41 million during the quarter, compared to the consensus estimate of $263.19 million. Noble had a negative return on equity of 8.26% and a negative net margin of 79.51%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.36) earnings per share. On average, sell-side analysts anticipate that Noble Co. PLC will post -1.84 EPS for the current fiscal year.

NE has been the subject of a number of recent analyst reports. Societe Generale raised shares of Noble from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, October 12th. Tudor Pickering raised shares of Noble from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. ValuEngine lowered shares of Noble from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 29th. Cowen initiated coverage on shares of Noble in a research note on Saturday, October 13th. They set a “hold” rating and a $6.00 target price for the company. Finally, Piper Jaffray Companies raised shares of Noble from an “underweight” rating to a “hold” rating and set a $6.00 target price for the company in a research note on Monday, October 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $6.24.

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Noble Profile

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services using mobile offshore drilling units. As of December 31, 2017, the company operated a fleet of 8 drill ships, 6 semisubmersibles, and 14 jack ups. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

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Institutional Ownership by Quarter for Noble (NYSE:NE)

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