HITE Hedge Asset Management LLC raised its position in Noble Midstream Partners LP (NYSE:NBLX) by 112.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,279 shares of the energy company’s stock after acquiring an additional 124,689 shares during the period. Noble Midstream Partners makes up approximately 1.3% of HITE Hedge Asset Management LLC’s holdings, making the stock its 25th biggest holding. HITE Hedge Asset Management LLC’s holdings in Noble Midstream Partners were worth $8,472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NBLX. Eagle Global Advisors LLC raised its holdings in shares of Noble Midstream Partners by 73.2% in the first quarter. Eagle Global Advisors LLC now owns 1,023,941 shares of the energy company’s stock worth $36,872,000 after buying an additional 432,881 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in shares of Noble Midstream Partners by 24.4% in the first quarter. Duff & Phelps Investment Management Co. now owns 222,859 shares of the energy company’s stock worth $8,025,000 after buying an additional 43,665 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Noble Midstream Partners by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 461,260 shares of the energy company’s stock worth $16,333,000 after buying an additional 21,938 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Noble Midstream Partners by 40.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 101,239 shares of the energy company’s stock worth $2,920,000 after buying an additional 29,400 shares during the last quarter. Finally, Tortoise Index Solutions LLC raised its holdings in shares of Noble Midstream Partners by 100.9% in the fourth quarter. Tortoise Index Solutions LLC now owns 7,526 shares of the energy company’s stock worth $217,000 after buying an additional 3,780 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

NBLX traded down $0.38 on Wednesday, reaching $31.90. The stock had a trading volume of 1,252 shares, compared to its average volume of 231,346. Noble Midstream Partners LP has a 12-month low of $26.08 and a 12-month high of $56.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.49 and a beta of 1.32.

Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Friday, May 3rd. The energy company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.10). Noble Midstream Partners had a net margin of 30.14% and a return on equity of 12.84%. The firm had revenue of $147.96 million during the quarter, compared to analysts’ expectations of $141.40 million. On average, equities research analysts forecast that Noble Midstream Partners LP will post 4.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Monday, May 6th were issued a $0.6132 dividend. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.45 dividend on an annualized basis and a yield of 7.69%. Noble Midstream Partners’s payout ratio is presently 61.87%.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, May 10th. JPMorgan Chase & Co. cut shares of Noble Midstream Partners from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $48.00 to $41.00 in a report on Friday, June 7th. Wells Fargo & Co set a $40.00 target price on shares of Noble Midstream Partners and gave the stock a “hold” rating in a report on Friday, March 8th. Robert W. Baird cut shares of Noble Midstream Partners from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $53.00 to $39.00 in a report on Thursday, March 7th. Finally, Rowe reduced their target price on shares of Noble Midstream Partners to $49.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.10.

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Noble Midstream Partners Profile

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through three segments: Gathering Systems, Fresh Water Delivery, and Investments and Other. The company provides crude oil, natural gas, and water-related midstream services.

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

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