BP Capital Fund Advisors LLC Buys Shares of 41,006 Noble Midstream Partners LP (NBLX)

BP Capital Fund Advisors LLC bought a new stake in shares of Noble Midstream Partners LP (NYSE:NBLX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,006 shares of the energy company’s stock, valued at approximately $1,428,000. BP Capital Fund Advisors LLC owned 0.10% of Noble Midstream Partners as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NBLX. Raymond James Financial Services Advisors Inc. grew its position in shares of Noble Midstream Partners by 2.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 58,539 shares of the energy company’s stock valued at $2,989,000 after acquiring an additional 1,539 shares during the period. Wells Fargo & Company MN grew its position in shares of Noble Midstream Partners by 4.7% during the 2nd quarter. Wells Fargo & Company MN now owns 361,180 shares of the energy company’s stock valued at $18,442,000 after acquiring an additional 16,072 shares during the period. Duff & Phelps Investment Management Co. bought a new position in shares of Noble Midstream Partners during the 2nd quarter valued at approximately $5,928,000. CIBC Private Wealth Group LLC bought a new position in shares of Noble Midstream Partners during the 2nd quarter valued at approximately $15,891,000. Finally, Dividend Assets Capital LLC grew its position in shares of Noble Midstream Partners by 45.7% during the 2nd quarter. Dividend Assets Capital LLC now owns 138,280 shares of the energy company’s stock valued at $7,061,000 after acquiring an additional 43,365 shares during the period. 55.02% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on NBLX. Robert W. Baird set a $59.00 target price on shares of Noble Midstream Partners and gave the company a “buy” rating in a research report on Friday, August 10th. ValuEngine downgraded shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Barclays reduced their target price on shares of Noble Midstream Partners from $64.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, August 29th. Credit Suisse Group increased their target price on shares of Noble Midstream Partners from $47.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. Finally, Bank of America raised their price objective on shares of Noble Midstream Partners from $49.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $56.00.

NBLX opened at $34.19 on Friday. The company has a market capitalization of $1.29 billion, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 0.55 and a beta of 1.28. Noble Midstream Partners LP has a 12 month low of $32.10 and a 12 month high of $57.98. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Thursday, November 1st. The energy company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.09. The company had revenue of $139.16 million during the quarter, compared to the consensus estimate of $119.25 million. Noble Midstream Partners had a net margin of 38.18% and a return on equity of 15.89%. On average, equities analysts expect that Noble Midstream Partners LP will post 4.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Monday, November 5th were issued a $0.5597 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a yield of 6.55%. Noble Midstream Partners’s dividend payout ratio (DPR) is 54.63%.

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About Noble Midstream Partners

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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