Bank of Montreal Can cut its stake in shares of Noble Midstream Partners LP (NYSE:NBLX) by 29.6% during the second quarter, Holdings Channel reports. The institutional investor owned 47,500 shares of the energy company’s stock after selling 20,000 shares during the period. Bank of Montreal Can’s holdings in Noble Midstream Partners were worth $2,157,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NBLX. Taylor Wealth Management Partners raised its stake in Noble Midstream Partners by 95.0% in the first quarter. Taylor Wealth Management Partners now owns 1,950 shares of the energy company’s stock valued at $102,000 after buying an additional 950 shares during the period. JPMorgan Chase & Co. raised its stake in Noble Midstream Partners by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 4,129 shares of the energy company’s stock valued at $215,000 after buying an additional 125 shares during the period. Tower Research Capital LLC TRC raised its stake in Noble Midstream Partners by 2,540.5% in the first quarter. Tower Research Capital LLC TRC now owns 5,149 shares of the energy company’s stock valued at $268,000 after buying an additional 4,954 shares during the period. Diversified Trust Co purchased a new stake in Noble Midstream Partners during the first quarter valued at approximately $278,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Noble Midstream Partners during the first quarter valued at approximately $349,000. Hedge funds and other institutional investors own 97.88% of the company’s stock.

Shares of Noble Midstream Partners LP (NBLX) traded up 0.62% on Friday, hitting $42.48. The stock had a trading volume of 53,963 shares. The stock has a market cap of $1.53 billion and a PE ratio of 24.03. The company’s 50 day moving average is $45.00 and its 200 day moving average is $47.09. Noble Midstream Partners LP has a one year low of $26.00 and a one year high of $53.29.

Noble Midstream Partners (NYSE:NBLX) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.23. Noble Midstream Partners had a net margin of 50.57% and a return on equity of 31.64%. The business had revenue of $57.78 million during the quarter, compared to analysts’ expectations of $45.20 million. Equities research analysts predict that Noble Midstream Partners LP will post $3.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.4457 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.20%. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, August 3rd. Noble Midstream Partners’s dividend payout ratio (DPR) is 67.17%.

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NBLX has been the subject of several research reports. Zacks Investment Research lowered Noble Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 15th. Barclays PLC set a $55.00 price objective on Noble Midstream Partners and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Scotiabank set a $50.00 price objective on Noble Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Finally, Mizuho lowered Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.45.

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

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