Comerica Bank raised its position in shares of Noble Co. (NYSE:NE) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,730 shares of the company’s stock after buying an additional 11,432 shares during the period. Comerica Bank’s holdings in Noble were worth $1,461,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. LS Investment Advisors LLC boosted its stake in shares of Noble by 5.6% in the third quarter. LS Investment Advisors LLC now owns 15,695 shares of the company’s stock worth $100,000 after buying an additional 834 shares during the last quarter. Global Endowment Management LP acquired a new stake in shares of Noble during the third quarter worth about $100,000. Acadian Asset Management LLC boosted its stake in shares of Noble by 1,343.9% in the third quarter. Acadian Asset Management LLC now owns 16,114 shares of the company’s stock worth $102,000 after buying an additional 14,998 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Noble by 112.7% in the third quarter. Advisor Group Inc. now owns 15,989 shares of the company’s stock worth $102,000 after buying an additional 8,472 shares during the last quarter. Finally, James Investment Research Inc. boosted its stake in shares of Noble by 7.8% in the third quarter. James Investment Research Inc. now owns 16,270 shares of the company’s stock worth $103,000 after buying an additional 1,180 shares during the last quarter. 91.66% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Noble (NYSE:NE)

Noble Co. (NYSE:NE) opened at 5.83 on Tuesday. The firm’s 50-day moving average price is $6.73 and its 200 day moving average price is $6.23. The firm’s market cap is $1.43 billion. Noble Co. has a 52 week low of $4.45 and a 52 week high of $12.25.

Noble (NYSE:NE) last announced its quarterly earnings results on Thursday, February 9th. The company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.07. The business earned $410 million during the quarter, compared to analysts’ expectations of $399.02 million. During the same quarter in the prior year, the firm earned $0.52 EPS. Noble’s revenue for the quarter was down 52.2% on a year-over-year basis. Equities analysts forecast that Noble Co. will post ($1.32) earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on NE shares. Citigroup Inc raised shares of Noble from a “neutral” rating to a “buy” rating in a research report on Saturday, January 21st. Jefferies Group LLC raised shares of Noble from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Monday, January 30th. They noted that the move was a valuation call. Credit Suisse Group AG set a $10.00 target price on shares of Noble and gave the company a “buy” rating in a research report on Saturday, February 11th. Societe Generale raised shares of Noble from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Monday, February 13th. Finally, Seaport Global Securities raised shares of Noble from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 7th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Noble presently has a consensus rating of “Hold” and a consensus target price of $7.97.

Noble Company Profile

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.

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