Clearbridge Investments LLC Buys 15,600 Shares of Hess Midstream Partners LP $HESM

Clearbridge Investments LLC grew its stake in shares of Hess Midstream Partners LP (NYSE:HESM) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,644,985 shares of the company’s stock after buying an additional 15,600 shares during the period. Clearbridge Investments LLC’s holdings in Hess Midstream Partners were worth $56,752,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its position in shares of Hess Midstream Partners by 14.3% in the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $92,000 after purchasing an additional 300 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Hess Midstream Partners by 1.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 25,766 shares of the company’s stock worth $889,000 after purchasing an additional 330 shares during the last quarter. Investment Management Corp VA ADV increased its position in shares of Hess Midstream Partners by 3.0% in the fourth quarter. Investment Management Corp VA ADV now owns 12,519 shares of the company’s stock worth $432,000 after purchasing an additional 362 shares during the last quarter. Creative Planning increased its position in shares of Hess Midstream Partners by 4.7% in the third quarter. Creative Planning now owns 9,000 shares of the company’s stock worth $311,000 after purchasing an additional 404 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Hess Midstream Partners by 6.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 8,001 shares of the company’s stock worth $276,000 after purchasing an additional 501 shares during the last quarter. 98.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HESM shares. Zacks Research upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Wells Fargo & Company upped their price objective on shares of Hess Midstream Partners from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Weiss Ratings upgraded shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Morgan Stanley decreased their price objective on shares of Hess Midstream Partners from $42.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group cut shares of Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 price objective on the stock. in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hess Midstream Partners currently has an average rating of “Hold” and an average target price of $38.71.

Hess Midstream Partners Trading Up 0.2%

NYSE:HESM opened at $38.89 on Tuesday. The company has a fifty day moving average of $38.74 and a 200 day moving average of $36.87. Hess Midstream Partners LP has a 52 week low of $31.63 and a 52 week high of $44.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.97. The firm has a market capitalization of $8.02 billion, a P/E ratio of 13.46 and a beta of 0.52.

Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Hess Midstream Partners had a net margin of 22.64% and a return on equity of 84.47%. The company had revenue of $390.10 million during the quarter, compared to analyst estimates of $389.51 million. During the same period in the prior year, the business posted $0.65 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that Hess Midstream Partners LP will post 2.99 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a $0.7792 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a yield of 8.0%. Hess Midstream Partners’s payout ratio is 107.96%.

About Hess Midstream Partners

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.