NBW Capital LLC trimmed its holdings in Noble Midstream Partners LP (NYSE:NBLX) by 38.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,442 shares of the energy company’s stock after selling 95,528 shares during the period. Noble Midstream Partners accounts for approximately 2.0% of NBW Capital LLC’s holdings, making the stock its 23rd largest position. NBW Capital LLC owned about 0.65% of Noble Midstream Partners worth $7,572,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of NBLX. First Dallas Securities Inc. bought a new stake in shares of Noble Midstream Partners during the 4th quarter worth $135,000. Edge Advisors LLC bought a new stake in shares of Noble Midstream Partners during the 3rd quarter worth $204,000. Taurus Asset Management LLC bought a new stake in shares of Noble Midstream Partners during the 3rd quarter worth $207,000. Northern Trust Corp bought a new stake in shares of Noble Midstream Partners during the 2nd quarter worth $213,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Noble Midstream Partners during the 3rd quarter worth $301,000. 89.06% of the stock is owned by institutional investors.
In other Noble Midstream Partners news, Director Andy Viens acquired 2,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was bought at an average price of $51.15 per share, for a total transaction of $102,300.00. Following the purchase, the director now owns 6,741 shares in the company, valued at approximately $344,802.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Noble Midstream Partners LP (NBLX) opened at $48.50 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.14. Noble Midstream Partners LP has a 1-year low of $41.90 and a 1-year high of $57.98. The firm has a market cap of $1,923.51, a price-to-earnings ratio of 11.95 and a beta of 1.85.
Noble Midstream Partners (NYSE:NBLX) last issued its quarterly earnings results on Tuesday, February 20th. The energy company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). Noble Midstream Partners had a net margin of 58.40% and a return on equity of 34.74%. The company had revenue of $68.07 million during the quarter, compared to the consensus estimate of $65.03 million. equities research analysts predict that Noble Midstream Partners LP will post 4.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Monday, February 5th were paid a $0.4883 dividend. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.95 dividend on an annualized basis and a dividend yield of 4.03%. Noble Midstream Partners’s dividend payout ratio is currently 48.03%.
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Noble Midstream Partners Profile
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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