Edge Advisors LLC bought a new position in Noble Midstream Partners LP (NYSE:NBLX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,940 shares of the energy company’s stock, valued at approximately $204,000.

Several other institutional investors have also recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Noble Midstream Partners by 34.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,945,365 shares of the energy company’s stock worth $130,760,000 after purchasing an additional 754,345 shares during the last quarter. FMR LLC grew its holdings in shares of Noble Midstream Partners by 58.0% in the second quarter. FMR LLC now owns 2,162,276 shares of the energy company’s stock worth $95,648,000 after purchasing an additional 794,168 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its holdings in shares of Noble Midstream Partners by 41.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 1,875,518 shares of the energy company’s stock worth $82,281,000 after purchasing an additional 553,618 shares during the last quarter. Cannell Peter B & Co. Inc. grew its holdings in shares of Noble Midstream Partners by 23.3% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,047,375 shares of the energy company’s stock worth $47,551,000 after purchasing an additional 197,675 shares during the last quarter. Finally, Spirit of America Management Corp NY grew its holdings in shares of Noble Midstream Partners by 19.5% in the third quarter. Spirit of America Management Corp NY now owns 345,230 shares of the energy company’s stock worth $17,907,000 after purchasing an additional 56,400 shares during the last quarter. Hedge funds and other institutional investors own 73.03% of the company’s stock.

Several analysts recently weighed in on NBLX shares. BidaskClub upgraded shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. ValuEngine upgraded shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Scotiabank set a $50.00 price target on shares of Noble Midstream Partners and gave the company a “buy” rating in a report on Thursday, August 3rd. Robert W. Baird reiterated a “buy” rating and issued a $57.00 price target on shares of Noble Midstream Partners in a report on Thursday, August 31st. Finally, Seaport Global Securities started coverage on shares of Noble Midstream Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $60.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $52.50.

Shares of Noble Midstream Partners LP (NYSE NBLX) traded down $0.23 during trading on Wednesday, reaching $51.00. The company’s stock had a trading volume of 74,600 shares, compared to its average volume of 80,951. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $1,026.27, a price-to-earnings ratio of 13.85, a P/E/G ratio of 0.64 and a beta of 0.89. Noble Midstream Partners LP has a fifty-two week low of $31.63 and a fifty-two week high of $56.33.

Noble Midstream Partners (NYSE:NBLX) last announced its quarterly earnings data on Monday, October 30th. The energy company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.05 by $0.10. The business had revenue of $63.11 million during the quarter, compared to analyst estimates of $60.29 million. Noble Midstream Partners had a return on equity of 36.74% and a net margin of 55.83%. equities analysts expect that Noble Midstream Partners LP will post 4.01 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a $0.467 dividend. This represents a $1.87 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, November 3rd. This is a positive change from Noble Midstream Partners’s previous quarterly dividend of $0.45. Noble Midstream Partners’s payout ratio is currently 50.54%.

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In other news, insider Thomas W. Christensen sold 1,500 shares of Noble Midstream Partners stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $54.00, for a total value of $81,000.00. Following the completion of the transaction, the insider now owns 2,868 shares of the company’s stock, valued at approximately $154,872. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Noble Midstream Partners Company Profile

Noble Midstream Partners LP is engaged in owning, operating, developing and acquiring a range of domestic midstream infrastructure assets. The Company’s areas of focus are in the area of Denver-Julesburg (DJ) Basin in Colorado and the Southern Delaware Basin position of the Permian Basin in Texas (Delaware Basin).

Institutional Ownership by Quarter for Noble Midstream Partners (NYSE:NBLX)

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