Hess Midstream Partners LP $HESM Shares Sold by Stephens Inc. AR

Stephens Inc. AR reduced its stake in Hess Midstream Partners LP (NYSE:HESM) by 60.6% in the second quarter, HoldingsChannel reports. The fund owned 43,865 shares of the company’s stock after selling 67,349 shares during the quarter. Stephens Inc. AR’s holdings in Hess Midstream Partners were worth $1,689,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HESM. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Hess Midstream Partners in the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Hess Midstream Partners during the first quarter valued at approximately $31,000. Ameritas Advisory Services LLC acquired a new stake in Hess Midstream Partners during the second quarter valued at approximately $50,000. Farther Finance Advisors LLC lifted its stake in Hess Midstream Partners by 124.4% during the second quarter. Farther Finance Advisors LLC now owns 2,363 shares of the company’s stock valued at $91,000 after purchasing an additional 1,310 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Hess Midstream Partners by 20.0% during the first quarter. IFP Advisors Inc now owns 3,520 shares of the company’s stock valued at $149,000 after purchasing an additional 586 shares during the last quarter. 98.97% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hess Midstream Partners news, COO John A. Gatling sold 62,457 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $41.59, for a total value of $2,597,586.63. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Analyst Upgrades and Downgrades

Several analysts recently commented on HESM shares. JPMorgan Chase & Co. increased their target price on shares of Hess Midstream Partners from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Citigroup cut their target price on shares of Hess Midstream Partners from $41.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd. UBS Group reissued a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Hess Midstream Partners in a research note on Wednesday, September 10th. Wall Street Zen raised shares of Hess Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, Wells Fargo & Company lowered shares of Hess Midstream Partners from an “equal weight” rating to a “reduce” rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.00.

Hess Midstream Partners Stock Up 0.1%

HESM stock opened at $33.73 on Friday. Hess Midstream Partners LP has a 52-week low of $31.63 and a 52-week high of $44.14. The company’s 50 day simple moving average is $37.21 and its 200-day simple moving average is $38.14. The company has a debt-to-equity ratio of 7.26, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $7.08 billion, a P/E ratio of 12.49 and a beta of 0.58.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.18. Hess Midstream Partners had a net margin of 18.52% and a return on equity of 60.37%. The business had revenue of $414.20 million for the quarter, compared to analyst estimates of $405.08 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Hess Midstream Partners LP will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were paid a $0.737 dividend. The ex-dividend date was Thursday, August 7th. This represents a $2.95 annualized dividend and a yield of 8.7%. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.71. Hess Midstream Partners’s dividend payout ratio (DPR) is currently 109.26%.

About Hess Midstream Partners

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.