California Public Employees Retirement System Acquires New Holdings in Noble Midstream Partners LP (NBLX)

California Public Employees Retirement System acquired a new stake in shares of Noble Midstream Partners LP (NYSE:NBLX) in the 3rd quarter, HoldingsChannel reports. The firm acquired 6,391 shares of the energy company’s stock, valued at approximately $332,000.

Several other institutional investors and hedge funds have also modified their holdings of NBLX. Edge Advisors LLC purchased a new stake in shares of Noble Midstream Partners during the 3rd quarter valued at $204,000. Taurus Asset Management LLC purchased a new position in Noble Midstream Partners in the 3rd quarter worth $207,000. Northern Trust Corp purchased a new position in Noble Midstream Partners in the 2nd quarter worth $213,000. Citadel Advisors LLC purchased a new position in Noble Midstream Partners in the 2nd quarter worth $283,000. Finally, Harbour Capital Advisors LLC purchased a new position in Noble Midstream Partners in the 3rd quarter worth $301,000. Hedge funds and other institutional investors own 75.81% of the company’s stock.

A number of equities analysts recently issued reports on the company. Mizuho set a $53.00 target price on Noble Midstream Partners and gave the stock a “hold” rating in a research note on Tuesday, October 31st. ValuEngine lowered Noble Midstream Partners from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Robert W. Baird set a $62.00 target price on Noble Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, December 14th. Credit Suisse Group assumed coverage on Noble Midstream Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $61.00 target price for the company. Finally, Zacks Investment Research upgraded Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Noble Midstream Partners currently has a consensus rating of “Buy” and an average target price of $54.00.

Noble Midstream Partners LP (NYSE:NBLX) opened at $56.90 on Friday. The firm has a market capitalization of $1,304.05, a PE ratio of 15.38 and a beta of 0.44. Noble Midstream Partners LP has a 52 week low of $41.90 and a 52 week high of $57.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.40 and a current ratio of 0.40.

Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Monday, October 30th. The energy company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.10. The business had revenue of $63.11 million during the quarter, compared to analyst estimates of $60.29 million. Noble Midstream Partners had a return on equity of 36.74% and a net margin of 55.83%. equities research analysts expect that Noble Midstream Partners LP will post 4.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.4883 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from Noble Midstream Partners’s previous quarterly dividend of $0.47. Noble Midstream Partners’s dividend payout ratio (DPR) is presently 50.54%.

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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).

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

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