TPH Asset Management LLC Has $6.29 Million Stake in Noble Midstream Partners LP (NBLX)

TPH Asset Management LLC decreased its stake in shares of Noble Midstream Partners LP (NYSE:NBLX) by 32.3% during the first quarter, Holdings Channel reports. The fund owned 120,830 shares of the energy company’s stock after selling 57,676 shares during the period. TPH Asset Management LLC’s holdings in Noble Midstream Partners were worth $6,292,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Noble Midstream Partners during the fourth quarter valued at about $3,290,000. HITE Hedge Asset Management LLC raised its stake in Noble Midstream Partners by 11.4% in the fourth quarter. HITE Hedge Asset Management LLC now owns 535,730 shares of the energy company’s stock valued at $19,286,000 after buying an additional 54,862 shares during the last quarter. FMR LLC raised its stake in Noble Midstream Partners by 2,288.5% in the fourth quarter. FMR LLC now owns 735,075 shares of the energy company’s stock valued at $26,463,000 after buying an additional 704,300 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Noble Midstream Partners during the first quarter valued at about $349,000. Finally, Bank of Montreal Can raised its stake in Noble Midstream Partners by 12.5% in the first quarter. Bank of Montreal Can now owns 67,500 shares of the energy company’s stock valued at $3,515,000 after buying an additional 7,500 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

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

Noble Midstream Partners LP (NYSE NBLX) traded up 3.88% during trading on Friday, reaching $46.85. 32,992 shares of the company were exchanged. Noble Midstream Partners LP has a 1-year low of $26.00 and a 1-year high of $53.29. The company’s 50-day moving average price is $46.50 and its 200-day moving average price is $45.32. The stock has a market capitalization of $1.49 billion and a P/E ratio of 30.13.

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Several analysts have issued reports on NBLX shares. Johnson Rice started coverage on shares of Noble Midstream Partners in a research report on Friday, March 24th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Barclays PLC set a $55.00 price objective on shares of Noble Midstream Partners and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Finally, Scotiabank set a $50.00 price objective on shares of Noble Midstream Partners and gave the company a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Noble Midstream Partners presently has a consensus rating of “Buy” and an average target price of $43.45.

About Noble Midstream Partners

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).

Want to see what other hedge funds are holding NBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Noble Midstream Partners LP (NYSE:NBLX).

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