Marshall Wace North America L.P. reduced its stake in Noble Midstream Partners LP (NYSE:NBLX) by 56.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,991 shares of the energy company’s stock after selling 15,231 shares during the quarter. Marshall Wace North America L.P.’s holdings in Noble Midstream Partners were worth $432,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new stake in shares of Noble Midstream Partners in the 1st quarter valued at approximately $36,000. Signaturefd LLC acquired a new stake in shares of Noble Midstream Partners in the 1st quarter valued at approximately $56,000. Tortoise Index Solutions LLC lifted its holdings in shares of Noble Midstream Partners by 100.9% in the 4th quarter. Tortoise Index Solutions LLC now owns 7,526 shares of the energy company’s stock valued at $217,000 after buying an additional 3,780 shares during the period. American Century Companies Inc. acquired a new stake in shares of Noble Midstream Partners in the 4th quarter valued at approximately $248,000. Finally, EJF Capital LLC acquired a new stake in shares of Noble Midstream Partners in the 4th quarter valued at approximately $260,000. Institutional investors own 56.83% of the company’s stock.
Several analysts have recently commented on the company. Piper Jaffray Companies reduced their price target on Inovio Pharmaceuticals from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a report on Friday, June 7th. Rowe reduced their price objective on Noble Midstream Partners to $49.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Finally, Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $46.91.
Noble Midstream Partners (NYSE:NBLX) last posted its quarterly earnings results on Friday, May 3rd. The energy company reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.10). The firm had revenue of $147.96 million for the quarter, compared to analysts’ expectations of $141.40 million. Noble Midstream Partners had a net margin of 30.14% and a return on equity of 12.84%. Equities research analysts anticipate that Noble Midstream Partners LP will post 4.23 EPS for the current year.
About Noble Midstream Partners
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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