Noble Midstream Partners LP (NBLX) Shares Bought by Raymond James Financial Services Advisors Inc.
Raymond James Financial Services Advisors Inc. boosted its stake in shares of Noble Midstream Partners LP (NYSE:NBLX) by 48.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 43,600 shares of the energy company’s stock after purchasing an additional 14,200 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Noble Midstream Partners were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Noble Midstream Partners by 12.4% during the second quarter. Wells Fargo & Company MN now owns 10,459 shares of the energy company’s stock worth $475,000 after buying an additional 1,152 shares in the last quarter. Northern Trust Corp acquired a new stake in shares of Noble Midstream Partners during the second quarter worth $213,000. Miller Howard Investments Inc. NY lifted its holdings in shares of Noble Midstream Partners by 6.6% during the third quarter. Miller Howard Investments Inc. NY now owns 25,975 shares of the energy company’s stock worth $1,347,000 after buying an additional 1,612 shares in the last quarter. Edge Advisors LLC acquired a new stake in shares of Noble Midstream Partners during the third quarter worth $204,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Noble Midstream Partners during the third quarter worth $301,000. 85.95% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on NBLX shares. Zacks Investment Research downgraded Noble Midstream Partners from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. ValuEngine raised Noble Midstream Partners from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Robert W. Baird set a $62.00 target price on Noble Midstream Partners and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Credit Suisse Group started coverage on Noble Midstream Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $61.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Noble Midstream Partners presently has a consensus rating of “Buy” and an average target price of $56.86.
Noble Midstream Partners LP (NBLX) opened at $48.26 on Friday. The company has a market capitalization of $1,913.99, a PE ratio of 11.89 and a beta of 1.85. Noble Midstream Partners LP has a 52 week low of $41.90 and a 52 week high of $57.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.75 and a quick ratio of 0.75.
Noble Midstream Partners (NYSE:NBLX) last posted its quarterly earnings results on Tuesday, February 20th. The energy company reported $1.16 EPS for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.01). The company had revenue of $68.07 million during the quarter, compared to analyst estimates of $65.03 million. Noble Midstream Partners had a net margin of 58.40% and a return on equity of 34.74%. equities analysts expect that Noble Midstream Partners LP will post 4.7 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Monday, February 5th were paid a $0.4883 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Friday, February 2nd. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.47. Noble Midstream Partners’s payout ratio is 48.03%.
ILLEGAL ACTIVITY WARNING: “Noble Midstream Partners LP (NBLX) Shares Bought by Raymond James Financial Services Advisors Inc.” was first published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/noble-midstream-partners-lp-nblx-shares-bought-by-raymond-james-financial-services-advisors-inc/1906837.html.
Noble Midstream Partners 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).
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.