Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Noble Midstream Partners LP (NYSE:NBLX) by 24.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,795 shares of the company’s stock after buying an additional 27,438 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Noble Midstream Partners were worth $5,069,000 as of its most recent filing with the SEC.
Separately, Russell Investments Group Ltd. acquired a new position in Noble Midstream Partners during the fourth quarter worth approximately $3,290,000. Institutional investors and hedge funds own 88.38% of the company’s stock.
Noble Midstream Partners LP (NYSE:NBLX) traded up 0.92% during trading on Tuesday, hitting $47.00. The stock had a trading volume of 88,992 shares. The company’s 50 day moving average is $41.53 and its 200-day moving average is $34.30. Noble Midstream Partners LP has a 12 month low of $26.00 and a 12 month high of $47.88. The company has a market cap of $1.49 billion and a PE ratio of 74.96.
Noble Midstream Partners (NYSE:NBLX) last announced its quarterly earnings results on Monday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. The business had revenue of $48.47 million for the quarter, compared to analysts’ expectations of $42.08 million. On average, equities research analysts predict that Noble Midstream Partners LP will post $1.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Monday, February 6th will be issued a dividend of $0.4333 per share. This represents a $1.73 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Thursday, February 2nd.
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Several brokerages have recently issued reports on NBLX. Zacks Investment Research raised Noble Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, December 13th. Wells Fargo & Company began coverage on Noble Midstream Partners in a report on Monday, October 31st. They set an “outperform” rating on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $49.00 price objective (up from $38.00) on shares of Noble Midstream Partners in a report on Wednesday, February 1st. Finally, Mizuho set a $37.00 price objective on Noble Midstream Partners and gave the stock a “buy” rating in a report on Tuesday, December 6th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.64.
About Noble Midstream Partners
Noble Midstream Partners LP is formed to own, operate, develop and acquire a range of domestic midstream infrastructure assets. The Company focuses in the area of DJ Basin in Colorado and in the Delaware Basin within the Permian Basin in Texas. The Company’s segments include Gathering Systems; Fresh Water Delivery, and investments in white cliffs and other.
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