Pointe Capital Management LLC Buys Shares of 7,597 Noble Midstream Partners (NBLX)

Pointe Capital Management LLC bought a new stake in shares of Noble Midstream Partners (NYSE:NBLX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,597 shares of the energy company’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kayne Anderson Capital Advisors LP raised its position in Noble Midstream Partners by 27.4% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 2,090,785 shares of the energy company’s stock worth $104,534,000 after purchasing an additional 449,100 shares during the period. Wells Fargo & Company MN raised its position in Noble Midstream Partners by 3,128.6% in the 1st quarter. Wells Fargo & Company MN now owns 345,108 shares of the energy company’s stock worth $16,092,000 after purchasing an additional 334,419 shares during the period. Bamco Inc. NY raised its position in Noble Midstream Partners by 330.0% in the 4th quarter. Bamco Inc. NY now owns 168,738 shares of the energy company’s stock worth $8,437,000 after purchasing an additional 129,500 shares during the period. Dividend Assets Capital LLC purchased a new stake in Noble Midstream Partners in the 4th quarter worth about $4,700,000. Finally, Anchor Bolt Capital LP raised its position in Noble Midstream Partners by 77.0% in the 4th quarter. Anchor Bolt Capital LP now owns 185,916 shares of the energy company’s stock worth $9,296,000 after purchasing an additional 80,878 shares during the period. Hedge funds and other institutional investors own 55.35% of the company’s stock.

Shares of Noble Midstream Partners opened at $50.55 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 12.33 and a beta of 1.89. Noble Midstream Partners has a one year low of $41.90 and a one year high of $57.98.

Noble Midstream Partners (NYSE:NBLX) last issued its earnings results on Tuesday, May 1st. The energy company reported $0.97 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.12). The company had revenue of $97.73 million during the quarter, compared to the consensus estimate of $79.99 million. Noble Midstream Partners had a return on equity of 26.99% and a net margin of 53.98%. During the same quarter in the prior year, the company earned $0.77 earnings per share. equities analysts forecast that Noble Midstream Partners will post 4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Monday, May 7th were paid a $0.511 dividend. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Friday, May 4th. Noble Midstream Partners’s dividend payout ratio is currently 49.76%.

A number of analysts recently weighed in on the stock. ValuEngine raised shares of Noble Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Deutsche Bank assumed coverage on shares of Noble Midstream Partners in a research report on Thursday, April 19th. They issued a “buy” rating and a $57.00 price objective on the stock. Zacks Investment Research raised shares of Noble Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th. Mizuho raised shares of Noble Midstream Partners from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday, April 11th. Finally, TheStreet lowered shares of Noble Midstream Partners from a “c” rating to a “d+” rating in a research report on Monday, March 19th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $58.50.

In related news, Director Kenneth M. Fisher bought 2,000 shares of the company’s stock in a transaction on Monday, March 19th. The shares were acquired at an average cost of $47.49 per share, for a total transaction of $94,980.00. Following the purchase, the director now directly owns 14,500 shares of the company’s stock, valued at $688,605. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Noble Midstream Partners Company Profile

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company provides crude oil, natural gas, and water-related midstream services. The company operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas. The company was founded in 2014 and is based in Houston, Texas.

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

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