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 (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).
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