Goldman Sachs Group Inc. decreased its position in Noble Midstream Partners LP (NYSE:NBLX) by 12.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,292,474 shares of the energy company’s stock after selling 178,688 shares during the period. Goldman Sachs Group Inc.’s holdings in Noble Midstream Partners were worth $67,312,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Noble Midstream Partners during the fourth quarter worth approximately $3,290,000. HITE Hedge Asset Management LLC boosted its stake in Noble Midstream Partners by 11.4% in the fourth quarter. HITE Hedge Asset Management LLC now owns 535,730 shares of the energy company’s stock worth $19,286,000 after buying an additional 54,862 shares during the last quarter. FMR LLC boosted its stake in Noble Midstream Partners by 2,288.5% in the fourth quarter. FMR LLC now owns 735,075 shares of the energy company’s stock worth $26,463,000 after buying an additional 704,300 shares during the last quarter. Bank of Montreal Can boosted its stake in Noble Midstream Partners by 12.5% in the first quarter. Bank of Montreal Can now owns 67,500 shares of the energy company’s stock worth $3,515,000 after buying an additional 7,500 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Noble Midstream Partners during the first quarter worth approximately $349,000. Institutional investors own 92.85% of the company’s stock.

Shares of Noble Midstream Partners LP (NYSE:NBLX) opened at 45.62 on Friday. Noble Midstream Partners LP has a 52 week low of $26.00 and a 52 week high of $53.29. The company has a market capitalization of $1.45 billion and a PE ratio of 29.34. The company has a 50-day moving average price of $46.23 and a 200-day moving average price of $45.74.

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A number of equities research analysts have recently commented on NBLX shares. Johnson Rice started coverage on Noble Midstream Partners in a research note on Friday, March 24th. They set a “buy” rating on the stock. Zacks Investment Research cut Noble Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Barclays PLC set a $55.00 target price on Noble Midstream Partners and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, Scotiabank set a $50.00 target price on Noble Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.45.

About Noble Midstream Partners

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).

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

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