Harvest Fund Advisors LLC acquired a new stake in Cone Midstream Partners LP (NYSE:CNNX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,287 shares of the pipeline company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global X Management Co. LLC boosted its holdings in Cone Midstream Partners by 3.4% in the 2nd quarter. Global X Management Co. LLC now owns 7,616 shares of the pipeline company’s stock valued at $144,000 after purchasing an additional 247 shares in the last quarter. Linscomb & Williams Inc. boosted its stake in shares of Cone Midstream Partners by 0.4% during the 2nd quarter. Linscomb & Williams Inc. now owns 15,125 shares of the pipeline company’s stock worth $287,000 after acquiring an additional 65 shares in the last quarter. CNH Partners LLC boosted its stake in shares of Cone Midstream Partners by 1.2% during the 2nd quarter. CNH Partners LLC now owns 16,600 shares of the pipeline company’s stock worth $315,000 after acquiring an additional 200 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Cone Midstream Partners by 9.3% during the 2nd quarter. California Public Employees Retirement System now owns 17,600 shares of the pipeline company’s stock worth $334,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Naples Global Advisors LLC boosted its stake in shares of Cone Midstream Partners by 10.4% during the 2nd quarter. Naples Global Advisors LLC now owns 21,225 shares of the pipeline company’s stock worth $402,000 after acquiring an additional 2,000 shares in the last quarter. 38.20% of the stock is currently owned by institutional investors.

Cone Midstream Partners LP (CNNX) opened at $16.74 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $590.76, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 0.88 and a beta of 1.64. Cone Midstream Partners LP has a twelve month low of $15.25 and a twelve month high of $25.56.

Cone Midstream Partners (NYSE:CNNX) last released its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $56.69 million during the quarter, compared to the consensus estimate of $62.96 million. Cone Midstream Partners had a return on equity of 15.22% and a net margin of 48.40%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. equities research analysts anticipate that Cone Midstream Partners LP will post 1.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were given a $0.3025 dividend. This is a boost from Cone Midstream Partners’s previous quarterly dividend of $0.29. This represents a $1.21 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date of this dividend was Thursday, November 2nd. Cone Midstream Partners’s dividend payout ratio is presently 71.18%.

CNNX has been the topic of several research analyst reports. BidaskClub lowered Cone Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Bank of America Corporation decreased their price target on Cone Midstream Partners from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 target price on shares of Cone Midstream Partners in a research note on Friday, August 11th. ValuEngine lowered Cone Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $24.00 target price on shares of Cone Midstream Partners in a research note on Thursday, September 21st. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.86.

COPYRIGHT VIOLATION WARNING: This news story was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.dailypolitical.com/2017/11/25/14287-shares-in-cone-midstream-partners-lp-cnnx-purchased-by-harvest-fund-advisors-llc.html.

Cone Midstream Partners Profile

CONE Midstream Partners LP is a master limited partnership formed by CONSOL Energy Inc (CONSOL) and Noble Energy, Inc (Noble Energy). The Company owns, operates, develops and acquires natural gas gathering and other midstream energy assets to service CONSOL’s and Noble Energy’s production in the Marcellus Shale in Pennsylvania and West Virginia.

Want to see what other hedge funds are holding CNNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cone Midstream Partners LP (NYSE:CNNX).

Institutional Ownership by Quarter for Cone Midstream Partners (NYSE:CNNX)

Receive News & Ratings for Cone Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cone Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.