Wells Fargo & Company MN boosted its position in Noble Midstream Partners LP (NYSE:NBLX) by 37.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 257,781 shares of the energy company’s stock after purchasing an additional 70,791 shares during the period. Wells Fargo & Company MN’s holdings in Noble Midstream Partners were worth $8,573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC lifted its stake in Noble Midstream Partners by 10.9% in the first quarter. CIBC Private Wealth Group LLC now owns 1,306,669 shares of the energy company’s stock valued at $47,053,000 after purchasing an additional 128,430 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Noble Midstream Partners by 4.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 716,287 shares of the energy company’s stock worth $25,793,000 after acquiring an additional 30,608 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Noble Midstream Partners by 2.1% during the first quarter. Clearbridge Investments LLC now owns 647,610 shares of the energy company’s stock worth $23,320,000 after acquiring an additional 13,311 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of Noble Midstream Partners by 2.1% during the first quarter. OppenheimerFunds Inc. now owns 492,775 shares of the energy company’s stock worth $17,745,000 after acquiring an additional 10,095 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Noble Midstream Partners by 1.0% during the first quarter. Jennison Associates LLC now owns 251,683 shares of the energy company’s stock worth $9,063,000 after acquiring an additional 2,465 shares in the last quarter. Institutional investors and hedge funds own 55.70% of the company’s stock.

NBLX has been the topic of several recent research reports. Zacks Investment Research upgraded Noble Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. downgraded Noble Midstream Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $48.00 to $41.00 in a research report on Friday, June 7th. Robert W. Baird dropped their target price on Noble Midstream Partners from $39.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Scotiabank initiated coverage on Noble Midstream Partners in a research report on Tuesday, September 3rd. They set a “sector perform” rating and a $29.00 target price on the stock. Finally, Noble Financial initiated coverage on Noble Midstream Partners in a research report on Tuesday, September 3rd. They set a “sector perform” rating and a $29.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.54.

Shares of Noble Midstream Partners stock traded up $0.75 during trading on Friday, hitting $27.29. The stock had a trading volume of 4,203 shares, compared to its average volume of 270,683. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 0.43 and a beta of 1.43. Noble Midstream Partners LP has a 12 month low of $22.28 and a 12 month high of $43.98. The business’s 50-day moving average is $26.21 and its 200 day moving average is $32.24. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.62.

Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings results on Friday, August 2nd. The energy company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.10). The firm had revenue of $158.26 million during the quarter, compared to the consensus estimate of $136.40 million. Noble Midstream Partners had a return on equity of 12.28% and a net margin of 28.24%. As a group, equities analysts expect that Noble Midstream Partners LP will post 3.89 EPS for the current year.

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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