BNP Paribas Arbitrage SA continued to hold its stake in Noble Midstream Partners LP (NYSE:NBLX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,510 shares of the energy company’s stock at the end of the second quarter. BNP Paribas Arbitrage SA owned 0.44% of Noble Midstream Partners worth $3,201,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Alps Advisors Inc. increased its stake in Noble Midstream Partners by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,179 shares of the energy company’s stock valued at $462,000 after buying an additional 26 shares during the last quarter. Global X Management Co. LLC acquired a new stake in Noble Midstream Partners during the second quarter valued at about $198,000. Tortoise Capital Advisors L.L.C. increased its stake in 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 valued at $130,760,000 after buying an additional 754,345 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Noble Midstream Partners by 547.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 43,400 shares of the energy company’s stock valued at $1,970,000 after buying an additional 36,700 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Noble Midstream Partners by 31.9% in the second quarter. Acadian Asset Management LLC now owns 79,465 shares of the energy company’s stock valued at $3,608,000 after buying an additional 19,197 shares during the last quarter. 84.14% of the stock is owned by institutional investors and hedge funds.

Shares of Noble Midstream Partners LP (NYSE NBLX) opened at 46.22 on Tuesday. The firm has a market cap of $1.66 billion and a P/E ratio of 26.14. Noble Midstream Partners LP has a 52-week low of $26.00 and a 52-week high of $53.29. The company has a 50-day moving average of $44.60 and a 200 day moving average of $47.10.

Noble Midstream Partners (NYSE:NBLX) last announced its earnings results on Thursday, August 3rd. The energy company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.23. Noble Midstream Partners had a return on equity of 31.64% and a net margin of 50.57%. The company had revenue of $57.78 million for the quarter, compared to analyst estimates of $45.20 million. On average, equities analysts expect that Noble Midstream Partners LP will post $3.77 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a dividend of $0.4457 per share. This represents a $1.78 annualized dividend and a yield of 3.86%. 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 payout ratio is presently 67.17%.

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Several research firms recently issued reports on NBLX. Scotiabank set a $50.00 price target on shares of Noble Midstream Partners and gave the company a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Mizuho downgraded shares of Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Monday, July 10th. Finally, Barclays PLC set a $55.00 price target on shares of Noble Midstream Partners and gave the company a “buy” rating in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The company 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).

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

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