Bank of America Corp DE boosted its stake in Noble Midstream Partners LP (NYSE:NBLX) by 2,948.7% during the first quarter, Holdings Channel reports. The fund owned 91,582 shares of the energy company’s stock after buying an additional 88,578 shares during the period. Bank of America Corp DE’s holdings in Noble Midstream Partners were worth $4,769,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Taylor Wealth Management Partners raised its stake in shares of 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 last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 last quarter. Diversified Trust Co purchased a new stake in shares of Noble Midstream Partners during the first quarter valued at approximately $278,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Noble Midstream Partners during the first quarter valued at approximately $349,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Noble Midstream Partners during the first quarter valued at approximately $703,000. 92.90% of the stock is owned by institutional investors.
Noble Midstream Partners LP (NBLX) traded down 0.1886% during mid-day trading on Tuesday, reaching $45.3144. The company’s stock had a trading volume of 1,961 shares. Noble Midstream Partners LP has a one year low of $26.00 and a one year high of $53.29. The stock has a 50-day moving average price of $45.67 and a 200-day moving average price of $47.08. The company has a market capitalization of $1.44 billion and a price-to-earnings ratio of 29.1411.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be given a dividend of $0.4457 per share. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.41. This represents a $1.78 annualized dividend and a yield of 3.93%. The ex-dividend date is Thursday, August 3rd.
Several brokerages recently commented on NBLX. 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 report on Monday, July 10th. Zacks Investment Research lowered Noble Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, April 8th. Scotiabank set a $50.00 price objective on Noble Midstream Partners and gave the stock a “buy” rating in a report on Thursday, June 22nd. Finally, Barclays PLC set a $55.00 price objective on Noble Midstream Partners and gave the stock a “buy” rating in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Noble Midstream Partners presently has an average rating of “Buy” and a consensus target price 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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