Noble Midstream Partners LP (NYSE:NBLX) Shares Acquired by Tortoise Capital Advisors L.L.C.

Tortoise Capital Advisors L.L.C. grew its stake in Noble Midstream Partners LP (NYSE:NBLX) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,352,968 shares of the energy company’s stock after purchasing an additional 47,204 shares during the period. Noble Midstream Partners makes up approximately 0.6% of Tortoise Capital Advisors L.L.C.’s portfolio, making the stock its 28th biggest holding. Tortoise Capital Advisors L.L.C. owned about 5.92% of Noble Midstream Partners worth $86,576,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Marshall Wace LLP increased its holdings in shares of Noble Midstream Partners by 73.5% in the second quarter. Marshall Wace LLP now owns 92,083 shares of the energy company’s stock valued at $3,063,000 after purchasing an additional 39,013 shares during the period. Morgan Stanley increased its holdings in shares of Noble Midstream Partners by 53.0% in the second quarter. Morgan Stanley now owns 406,525 shares of the energy company’s stock valued at $13,521,000 after purchasing an additional 140,751 shares during the period. Invesco Ltd. acquired a new position in shares of Noble Midstream Partners in the second quarter valued at approximately $16,357,000. Eagle Global Advisors LLC increased its holdings in shares of Noble Midstream Partners by 7.0% in the second quarter. Eagle Global Advisors LLC now owns 1,095,837 shares of the energy company’s stock valued at $36,448,000 after purchasing an additional 71,896 shares during the period. Finally, Cannell Peter B & Co. Inc. increased its holdings in shares of Noble Midstream Partners by 9.3% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,020,425 shares of the energy company’s stock valued at $33,939,000 after purchasing an additional 86,425 shares during the period. 54.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Noble Midstream Partners stock traded up $0.01 during trading on Friday, reaching $26.97. The company’s stock had a trading volume of 1,172,784 shares, compared to its average volume of 283,672. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.62. Noble Midstream Partners LP has a 12-month low of $22.28 and a 12-month high of $43.98. The company has a market capitalization of $1.06 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 0.43 and a beta of 1.43. The business has a 50 day moving average price of $25.60 and a 200-day moving average price of $31.92.

Noble Midstream Partners (NYSE:NBLX) last posted its quarterly earnings results on Friday, August 2nd. The energy company reported $0.79 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.10). Noble Midstream Partners had a net margin of 28.24% and a return on equity of 12.28%. The business had revenue of $158.26 million during the quarter, compared to analysts’ expectations of $136.40 million. Research analysts predict that Noble Midstream Partners LP will post 3.89 EPS for the current fiscal year.

NBLX has been the topic of a number of recent research reports. Scotiabank initiated coverage on Noble Midstream Partners in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $29.00 target price on the stock. Noble Financial initiated coverage on Noble Midstream Partners in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $29.00 target price on the stock. Piper Jaffray Companies initiated coverage on Noble Midstream Partners in a report on Wednesday, July 17th. They issued a “neutral” rating and a $35.00 target price on the stock. JPMorgan Chase & Co. lowered Noble Midstream Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $48.00 to $41.00 in a report on Friday, June 7th. Finally, Zacks Investment Research raised Noble Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $40.54.

Noble Midstream Partners Company Profile

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through three segments: Gathering Systems, Fresh Water Delivery, and Investments and Other. The company provides crude oil, natural gas, and water-related midstream services.

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

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