Cannell Peter B & Co. Inc. Has $33.36 Million Position in Noble Midstream Partners LP (NBLX)

Cannell Peter B & Co. Inc. boosted its stake in Noble Midstream Partners LP (NYSE:NBLX) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 942,075 shares of the energy company’s stock after acquiring an additional 75,490 shares during the period. Noble Midstream Partners accounts for 1.2% of Cannell Peter B & Co. Inc.’s investment portfolio, making the stock its 25th largest holding. Cannell Peter B & Co. Inc.’s holdings in Noble Midstream Partners were worth $33,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Noble Midstream Partners in the second quarter valued at approximately $37,714,000. CIBC Private Wealth Group LLC acquired a new position in Noble Midstream Partners in the second quarter valued at approximately $15,891,000. Perella Weinberg Partners Capital Management LP lifted its stake in Noble Midstream Partners by 51.7% in the second quarter. Perella Weinberg Partners Capital Management LP now owns 803,065 shares of the energy company’s stock valued at $41,004,000 after buying an additional 273,727 shares during the period. Bank of Montreal Can lifted its stake in Noble Midstream Partners by 169.4% in the second quarter. Bank of Montreal Can now owns 354,661 shares of the energy company’s stock valued at $18,109,000 after buying an additional 222,998 shares during the period. Finally, Morgan Stanley lifted its stake in Noble Midstream Partners by 24.9% in the second quarter. Morgan Stanley now owns 707,259 shares of the energy company’s stock valued at $36,112,000 after buying an additional 141,108 shares during the period. Institutional investors and hedge funds own 56.37% of the company’s stock.

Shares of NYSE:NBLX opened at $41.76 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. Noble Midstream Partners LP has a twelve month low of $33.17 and a twelve month high of $57.98. The company has a market cap of $1.41 billion, a PE ratio of 10.19, a PEG ratio of 0.61 and a beta of 1.28.

Noble Midstream Partners (NYSE:NBLX) last issued its earnings results on Thursday, November 1st. The energy company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Noble Midstream Partners had a return on equity of 15.89% and a net margin of 38.18%. The company had revenue of $139.16 million for the quarter, compared to analyst estimates of $119.25 million. Equities analysts predict that Noble Midstream Partners LP will post 3.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Monday, November 5th will be given a dividend of $0.5597 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.36%. This is a positive change from Noble Midstream Partners’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 2nd. Noble Midstream Partners’s dividend payout ratio is presently 54.63%.

Several equities analysts have issued reports on the company. Citigroup boosted their price target on Noble Midstream Partners from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Robert W. Baird set a $59.00 price target on Noble Midstream Partners and gave the company a “buy” rating in a research note on Friday, August 10th. ValuEngine lowered Noble Midstream Partners from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Barclays dropped their price target on Noble Midstream Partners from $64.00 to $59.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 29th. Finally, Bank of America boosted their price target on Noble Midstream Partners from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $56.63.

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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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