On Nov. 7, 2025, Goehring & Rozencwajg Associates, LLC bought 699,395 shares of Noble (NYSE:NE), increasing its position by $20.44 million. The post-trade position reached 1,081,635 shares, valued at $30.59 million as of Sept. 30, 2025. Noble now represents 3.7% of 13F assets under management.

Top holdings after the filing include CCJ, RRC, SDRL, LEU, and NTR. Shares of Noble were priced at $29.23 on Nov. 7, 2025, with a one-year return of -9.1%. The stock has lagged behind the S&P 500 by 22.8 percentage points.

Noble provides offshore drilling services with a fleet of mobile units, catering to oil and gas companies globally. The company’s revenue is generated through long-term contracts with major oil firms, showcasing operational expertise and modern assets.

Goehring & Rozencwajg Associates acquired nearly 700,000 shares of Noble during the third quarter, increasing its total holdings to $30.6 million. Despite the significant purchase, retail investors should be cautious as Noble stock has underperformed the S&P 500. Consider diversified options like the VanEck Oil Services ETF for exposure to the industry.

Read more at Yahoo Finance: Institutional Heavyweight Snaps Up More of This Energy Stock