Hess Midstream Partners LP $HESM Position Lifted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its stake in shares of Hess Midstream Partners LP (NYSE:HESM) by 427.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 129,799 shares of the company’s stock after purchasing an additional 105,200 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hess Midstream Partners were worth $4,485,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its stake in Hess Midstream Partners by 50.5% in the second quarter. Invesco Ltd. now owns 6,022,208 shares of the company’s stock worth $231,915,000 after purchasing an additional 2,020,430 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Hess Midstream Partners by 92.4% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,096,560 shares of the company’s stock worth $80,739,000 after buying an additional 1,006,998 shares during the last quarter. Fractal Investments LLC lifted its holdings in Hess Midstream Partners by 306.9% during the 3rd quarter. Fractal Investments LLC now owns 1,185,220 shares of the company’s stock worth $40,949,000 after buying an additional 893,973 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Hess Midstream Partners by 179.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,209,075 shares of the company’s stock worth $46,561,000 after acquiring an additional 776,924 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Hess Midstream Partners by 51.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,519,185 shares of the company’s stock valued at $58,504,000 after acquiring an additional 516,136 shares during the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.

Hess Midstream Partners Stock Up 1.4%

Hess Midstream Partners stock opened at $35.34 on Monday. The firm has a market capitalization of $7.34 billion, a P/E ratio of 12.53 and a beta of 0.61. The company has a 50-day simple moving average of $34.00 and a 200-day simple moving average of $36.31. Hess Midstream Partners LP has a one year low of $31.63 and a one year high of $44.14. The company has a debt-to-equity ratio of 8.83, a quick ratio of 0.75 and a current ratio of 0.75.

Hess Midstream Partners (NYSE:HESM) last posted its earnings results on Monday, November 3rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. Hess Midstream Partners had a net margin of 20.46% and a return on equity of 69.03%. The firm had revenue of $420.90 million during the quarter, compared to analysts’ expectations of $424.36 million. During the same quarter in the prior year, the firm earned $0.63 EPS. Hess Midstream Partners’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities analysts expect that Hess Midstream Partners LP will post 2.5 earnings per share for the current year.

Wall Street Analyst Weigh In

HESM has been the topic of several research analyst reports. Raymond James Financial cut Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. The Goldman Sachs Group began coverage on shares of Hess Midstream Partners in a report on Tuesday, September 30th. They set a “neutral” rating and a $36.00 target price on the stock. Zacks Research upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Wall Street Zen downgraded shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hess Midstream Partners in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $40.57.

Hess Midstream Partners Company Profile

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.