Kayne Anderson Capital Advisors LP increased its position in shares of Noble Midstream Partners LP (NYSE:NBLX) by 41.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,875,518 shares of the energy company’s stock after buying an additional 553,618 shares during the period. Noble Midstream Partners accounts for about 1.0% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 29th largest position. Kayne Anderson Capital Advisors LP owned 9.36% of Noble Midstream Partners worth $82,281,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. raised its position 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 buying an additional 754,345 shares during the period. FMR LLC raised its position in shares of Noble Midstream Partners by 86.1% in the first quarter. FMR LLC now owns 1,368,108 shares of the energy company’s stock worth $71,251,000 after buying an additional 633,033 shares during the period. Bank of America Corp DE raised its position in shares of Noble Midstream Partners by 2,948.7% in the first quarter. Bank of America Corp DE now owns 91,582 shares of the energy company’s stock worth $4,769,000 after buying an additional 88,578 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Noble Midstream Partners during the second quarter worth about $3,685,000. Finally, Texas Yale Capital Corp. acquired a new position in shares of Noble Midstream Partners during the second quarter worth about $3,224,000. Institutional investors own 78.55% of the company’s stock.

Noble Midstream Partners LP (NYSE NBLX) traded up 0.447% on Tuesday, reaching $43.835. 3,341 shares of the company’s stock traded hands. Noble Midstream Partners LP has a 12 month low of $26.00 and a 12 month high of $53.29. The firm’s 50-day moving average is $44.67 and its 200 day moving average is $47.16. The firm has a market cap of $1.58 billion and a PE ratio of 24.794.

Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.23. The firm had revenue of $57.78 million during the quarter, compared to analyst estimates of $45.20 million. Noble Midstream Partners had a return on equity of 31.64% and a net margin of 50.57%. Equities analysts predict that Noble Midstream Partners LP will post $3.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a dividend of $0.4457 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Thursday, August 3rd. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.41. Noble Midstream Partners’s dividend payout ratio is currently 67.17%.

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NBLX has been the subject of a number of research reports. Scotiabank set a $50.00 price objective on shares of Noble Midstream Partners and gave the company a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research lowered shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Mizuho lowered shares of Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a report on Monday, July 10th. Finally, Barclays PLC set a $55.00 price objective on shares of Noble Midstream Partners and gave the company a “buy” rating in a report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The company 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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