JPMorgan Chase & Co. lifted its position in Noble Midstream Partners LP (NYSE:NBLX) by 29.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,577 shares of the energy company’s stock after acquiring an additional 80,909 shares during the quarter. JPMorgan Chase & Co. owned 1.79% of Noble Midstream Partners worth $18,717,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NBLX. Global X Management Co. LLC purchased a new position in Noble Midstream Partners in the 2nd quarter worth about $198,000. Alps Advisors Inc. increased its stake in Noble Midstream Partners by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,179 shares of the energy company’s stock worth $462,000 after buying an additional 26 shares during the period. Marshall Wace North America L.P. purchased a new position in Noble Midstream Partners in the 2nd quarter worth about $3,685,000. Kayne Anderson Capital Advisors LP increased its stake in Noble Midstream Partners by 41.9% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 1,875,518 shares of the energy company’s stock worth $82,281,000 after buying an additional 553,618 shares during the period. Finally, Cannell Peter B & Co. Inc. increased its stake in Noble Midstream Partners by 23.3% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 1,047,375 shares of the energy company’s stock worth $47,551,000 after buying an additional 197,675 shares during the period. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Noble Midstream Partners LP (NYSE:NBLX) opened at $49.75 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.59. The company has a market cap of $1,155.84, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.61 and a beta of 0.39. Noble Midstream Partners LP has a 12-month low of $35.16 and a 12-month high of $56.33.

Noble Midstream Partners (NYSE:NBLX) last posted its earnings results on Monday, October 30th. The energy company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.10. The business had revenue of $63.11 million for the quarter, compared to the consensus estimate of $60.29 million. Noble Midstream Partners had a net margin of 55.83% and a return on equity of 36.74%. equities research analysts expect that Noble Midstream Partners LP will post 4.06 earnings per share for the current fiscal year.

In other Noble Midstream Partners news, insider Thomas W. Christensen sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $54.00, for a total transaction of $81,000.00. Following 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 Securities & Exchange Commission, which is available at the SEC website.

NBLX has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $57.00 price target on shares of Noble Midstream Partners in a research note on Thursday, August 31st. BidaskClub raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. ValuEngine raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Seaport Global Securities initiated coverage on shares of Noble Midstream Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $60.00 target price on the stock. Finally, Zacks Investment Research raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $53.13.

COPYRIGHT VIOLATION NOTICE: “JPMorgan Chase & Co. Has $18.72 Million Stake in Noble Midstream Partners LP (NBLX)” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/jpmorgan-chase-co-has-18-72-million-stake-in-noble-midstream-partners-lp-nblx/1771214.html.

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).

Want to see what other hedge funds are holding NBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Midstream Partners LP (NYSE:NBLX).

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

Receive News & Ratings for Noble Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.