As Noble Energy (NBL) Market Valuation Declined, Shareholder National Investment Services Raised Its Position; Allstate Cut Procter And Gamble Co (PG) Stake by $4.21 Million; Market Value Declined

February 15, 2018 - By Vivian Park

National Investment Services Inc increased its stake in Noble Energy Inc. (NBL) by 56.05% based on its latest 2017Q3 regulatory filing with the SEC. National Investment Services Inc bought 41,987 shares as the company’s stock declined 15.68% while stock markets rallied. The institutional investor held 116,893 shares of the oil & gas production company at the end of 2017Q3, valued at $3.32 million, up from 74,906 at the end of the previous reported quarter. National Investment Services Inc who had been investing in Noble Energy Inc. for a number of months, seems to be bullish on the $12.84B market cap company. The stock increased 0.47% or $0.125 during the last trading session, reaching $26.585. About 5.15M shares traded or 6.46% up from the average. Noble Energy, Inc. (NYSE:NBL) has declined 10.36% since February 15, 2017 and is downtrending. It has underperformed by 27.06% the S&P500.

Allstate Corp decreased its stake in Procter And Gamble Co (PG) by 95.27% based on its latest 2017Q3 regulatory filing with the SEC. Allstate Corp sold 46,253 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 2,294 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $209,000, down from 48,547 at the end of the previous reported quarter. Allstate Corp who had been investing in Procter And Gamble Co for a number of months, seems to be less bullish one the $206.37B market cap company. The stock increased 1.46% or $1.18 during the last trading session, reaching $81.86. About 3.76M shares traded. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since February 15, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Among 30 analysts covering Noble Energy Inc. (NYSE:NBL), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Noble Energy Inc. had 104 analyst reports since July 21, 2015 according to SRatingsIntel. Nomura upgraded the stock to “Buy” rating in Thursday, January 21 report. The stock of Noble Energy, Inc. (NYSE:NBL) earned “Buy” rating by Jefferies on Thursday, June 22. As per Thursday, August 3, the company rating was maintained by BMO Capital Markets. Stifel Nicolaus maintained Noble Energy, Inc. (NYSE:NBL) on Monday, December 18 with “Buy” rating. JP Morgan initiated Noble Energy, Inc. (NYSE:NBL) rating on Wednesday, December 9. JP Morgan has “Overweight” rating and $42 target. The rating was maintained by BMO Capital Markets on Wednesday, June 21 with “Buy”. Barclays Capital maintained Noble Energy, Inc. (NYSE:NBL) rating on Thursday, November 16. Barclays Capital has “Overweight” rating and $30 target. Mizuho maintained the shares of NBL in report on Wednesday, January 18 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Wednesday, December 20. The company was maintained on Monday, August 14 by Jefferies.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.29, from 1.31 in 2017Q2. It turned negative, as 49 investors sold NBL shares while 150 reduced holdings. 43 funds opened positions while 159 raised stakes. 448.27 million shares or 2.45% more from 437.54 million shares in 2017Q2 were reported. Carmignac Gestion owns 12.63M shares for 2.75% of their portfolio. State Treasurer State Of Michigan reported 0.03% in Noble Energy, Inc. (NYSE:NBL). Fifth Third National Bank holds 2,965 shares. Chevy Chase Tru Holdings has 0.05% invested in Noble Energy, Inc. (NYSE:NBL) for 427,585 shares. Bokf Na owns 19,694 shares for 0.02% of their portfolio. Zwj Investment Counsel, a Georgia-based fund reported 604,650 shares. Moreover, Toronto Dominion Financial Bank has 0.04% invested in Noble Energy, Inc. (NYSE:NBL) for 413,932 shares. Invest Services Wi invested in 3.41% or 116,893 shares. Northwestern Mutual Wealth Mgmt stated it has 9,346 shares. Neuberger Berman Group Ltd Com reported 0.14% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Systematic Fincl Mngmt Lp holds 0.05% or 92,446 shares. Zeke Advisors Ltd Liability Company has 10,659 shares. Clearbridge Ltd Limited Liability Company owns 396 shares. 336,716 are owned by Voya Investment Mngmt Limited Liability Company. Ngam Advsr Limited Partnership holds 134,905 shares or 0.04% of its portfolio.

National Investment Services Inc, which manages about $4.22B and $97.34 million US Long portfolio, decreased its stake in Apple Inc Com (NASDAQ:AAPL) by 5,153 shares to 8,946 shares, valued at $1.38 million in 2017Q3, according to the filing.

Since December 11, 2017, it had 1 buying transaction, and 3 selling transactions for $5.33 million activity. Another trade for 200,000 shares valued at $5.40 million was made by EDELMAN THOMAS J on Monday, December 11. Another trade for 7,621 shares valued at $210,815 was made by Fisher Kenneth M. on Tuesday, February 6.

Since August 15, 2017, it had 0 insider purchases, and 3 sales for $3.16 million activity. On Tuesday, August 15 the insider Coombe Gary A sold $154,168. $1.87 million worth of The Procter & Gamble Company (NYSE:PG) was sold by Sheppard Valarie L. Skoufalos Ioannis also sold $266,273 worth of The Procter & Gamble Company (NYSE:PG) on Tuesday, August 15. 3,519 shares valued at $323,891 were sold by Pierce Charles E on Tuesday, August 15. 1,257 shares were sold by Matthew Price, worth $115,695. 2,512 shares were sold by Majoras Deborah P, worth $231,206.

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By1 Vivian Park

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