Harbour Capital Advisors LLC bought a new stake in Noble Midstream Partners LP (NYSE:NBLX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,800 shares of the energy company’s stock, valued at approximately $301,000.

A number of other institutional investors also recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. raised its stake in shares of Noble Midstream Partners by 34.4% during 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 acquiring an additional 754,345 shares during the last quarter. FMR LLC raised its stake in shares of Noble Midstream Partners by 58.0% during the second quarter. FMR LLC now owns 2,162,276 shares of the energy company’s stock valued at $95,648,000 after acquiring an additional 794,168 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its stake in shares of Noble Midstream Partners by 41.9% during the second quarter. Kayne Anderson Capital Advisors LP now owns 1,875,518 shares of the energy company’s stock valued at $82,281,000 after acquiring an additional 553,618 shares during the last quarter. Cannell Peter B & Co. Inc. raised its stake in shares of Noble Midstream Partners by 23.3% during the second quarter. Cannell Peter B & Co. Inc. now owns 1,047,375 shares of the energy company’s stock valued at $47,551,000 after acquiring an additional 197,675 shares during the last quarter. Finally, Spirit of America Management Corp NY raised its stake in shares of Noble Midstream Partners by 19.5% during the third quarter. Spirit of America Management Corp NY now owns 345,230 shares of the energy company’s stock valued at $17,907,000 after acquiring an additional 56,400 shares during the last quarter. Hedge funds and other institutional investors own 73.03% of the company’s stock.

NBLX has been the subject of several analyst reports. ValuEngine raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. BidaskClub raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $57.00 price target on shares of Noble Midstream Partners in a research note on Thursday, August 31st. Scotiabank set a $50.00 price target on shares of Noble Midstream Partners and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Noble Midstream Partners has an average rating of “Buy” and a consensus price target of $52.50.

In related news, insider Thomas W. Christensen sold 1,500 shares of Noble Midstream Partners stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $54.00, for a total transaction of $81,000.00. Following the completion of the transaction, the insider now owns 2,868 shares of the company’s stock, valued at $154,872. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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Shares of Noble Midstream Partners LP (NBLX) traded down $0.23 during midday trading on Wednesday, reaching $51.00. 74,600 shares of the company were exchanged, compared to its average volume of 80,951. Noble Midstream Partners LP has a fifty-two week low of $31.63 and a fifty-two week high of $56.33. The company has a market capitalization of $1,026.27, a P/E ratio of 13.85, a PEG ratio of 0.64 and a beta of 0.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.40 and a quick ratio of 0.40.

Noble Midstream Partners (NYSE:NBLX) last announced its earnings results on Monday, October 30th. The energy company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.10. Noble Midstream Partners had a net margin of 55.83% and a return on equity of 36.74%. The business had revenue of $63.11 million during the quarter, compared to the consensus estimate of $60.29 million. analysts anticipate that Noble Midstream Partners LP will post 4.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were paid a dividend of $0.467 per share. This represents a $1.87 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Friday, November 3rd. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.45. Noble Midstream Partners’s dividend payout ratio (DPR) is currently 50.54%.

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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