Magnetar Financial LLC purchased a new position in Noble Midstream Partners LP (NYSE:NBLX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 245,455 shares of the energy company’s stock, valued at approximately $12,732,000. Magnetar Financial LLC owned 1.23% of Noble Midstream Partners at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in NBLX. Allianz Asset Management GmbH purchased a new position in shares of Noble Midstream Partners during the third quarter valued at approximately $376,000. RR Advisors LLC increased its stake in shares of Noble Midstream Partners by 37.1% during the third quarter. RR Advisors LLC now owns 325,000 shares of the energy company’s stock valued at $16,855,000 after buying an additional 88,000 shares during the period. Cadence Capital Management LLC purchased a new position in shares of Noble Midstream Partners during the third quarter valued at approximately $1,732,000. HITE Hedge Asset Management LLC increased its stake in shares of Noble Midstream Partners by 103.6% during the third quarter. HITE Hedge Asset Management LLC now owns 1,090,730 shares of the energy company’s stock valued at $56,576,000 after buying an additional 555,000 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Noble Midstream Partners by 22.5% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 169,960 shares of the energy company’s stock valued at $8,816,000 after buying an additional 31,206 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.
In other Noble Midstream Partners news, insider Thomas W. Christensen sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $54.00, for a total value of $81,000.00. Following the sale, the insider now directly owns 2,868 shares of the company’s stock, valued at $154,872. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Noble Midstream Partners LP (NYSE NBLX) traded down $1.56 during midday trading on Thursday, hitting $47.94. The company had a trading volume of 56,100 shares, compared to its average volume of 80,442. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.59. Noble Midstream Partners LP has a one year low of $33.52 and a one year high of $56.33. The company has a market capitalization of $991.61, a price-to-earnings ratio of 13.38, a PEG ratio of 0.61 and a beta of 0.39.
Noble Midstream Partners (NYSE:NBLX) last released its earnings results on Monday, October 30th. The energy company reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.10. Noble Midstream Partners had a return on equity of 36.74% and a net margin of 55.83%. The business had revenue of $63.11 million for the quarter, compared to the consensus estimate of $60.29 million. research analysts predict that Noble Midstream Partners LP will post 4.07 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were issued a $0.467 dividend. This represents a $1.87 annualized dividend and a yield of 3.90%. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, November 3rd. Noble Midstream Partners’s payout ratio is 50.54%.
Several equities analysts have recently issued reports on NBLX shares. Robert W. Baird reissued a “buy” rating and set a $57.00 target price on shares of Noble Midstream Partners in a research note on Thursday, August 31st. BidaskClub raised Noble Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. ValuEngine raised Noble Midstream Partners from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Seaport Global Securities started coverage on Noble Midstream Partners in a research note on Tuesday, October 10th. They set a “buy” rating and a $60.00 target price on the stock. Finally, Zacks Investment Research raised Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $52.50.
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Noble Midstream Partners Company Profile
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).
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