Oppenheimer Asset Management Inc. purchased a new stake in shares of Noble Midstream Partners LP (NYSE:NBLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,634 shares of the energy company’s stock, valued at approximately $134,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tortoise Index Solutions LLC raised its holdings in shares of Noble Midstream Partners by 57.1% during the third quarter. Tortoise Index Solutions LLC now owns 3,746 shares of the energy company’s stock valued at $133,000 after buying an additional 1,361 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Noble Midstream Partners by 31.2% during the second quarter. Bank of New York Mellon Corp now owns 6,155 shares of the energy company’s stock valued at $314,000 after buying an additional 1,462 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Noble Midstream Partners during the third quarter valued at approximately $292,000. Baird Financial Group Inc. bought a new stake in shares of Noble Midstream Partners during the third quarter valued at approximately $341,000. Finally, Alps Advisors Inc. raised its holdings in shares of Noble Midstream Partners by 87.1% during the third quarter. Alps Advisors Inc. now owns 17,437 shares of the energy company’s stock valued at $617,000 after buying an additional 8,115 shares during the last quarter. 57.22% of the stock is currently owned by institutional investors.

NBLX has been the topic of several recent analyst reports. Zacks Investment Research raised Noble Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday. TheStreet cut Noble Midstream Partners from a “c-” rating to a “d+” rating in a report on Thursday, December 20th. Citigroup dropped their target price on Noble Midstream Partners from $64.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Credit Suisse Group boosted their target price on Noble Midstream Partners from $47.00 to $54.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Finally, Bank of America boosted their target price on Noble Midstream Partners from $49.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $56.00.

Shares of NYSE:NBLX opened at $32.10 on Tuesday. Noble Midstream Partners LP has a 12 month low of $26.08 and a 12 month high of $56.40. The company has a market cap of $1.27 billion, a P/E ratio of 7.83, a PEG ratio of 1.02 and a beta of 1.34. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43.

The company also recently announced a quarterly dividend, which was paid on Monday, February 11th. Investors of record on Monday, February 4th were issued a dividend of $0.5858 per share. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, February 1st. This represents a $2.34 annualized dividend and a yield of 7.30%. Noble Midstream Partners’s payout ratio is presently 57.07%.

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Noble Midstream Partners Company Profile

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company provides crude oil, natural gas, and water-related midstream services. The company operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas. The company was founded in 2014 and is based in Houston, Texas.

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

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