Jefferies Group LLC cut its position in shares of Oasis Midstream Partners LP (NYSE:OMP) by 62.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,300 shares of the company’s stock after selling 201,700 shares during the quarter. Jefferies Group LLC’s holdings in Oasis Midstream Partners were worth $2,150,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of OMP. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Oasis Midstream Partners during the third quarter worth about $22,569,000. Harvest Fund Advisors LLC purchased a new stake in shares of Oasis Midstream Partners during the third quarter worth about $11,205,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Oasis Midstream Partners during the third quarter worth about $6,857,000. BlackRock Inc. purchased a new stake in shares of Oasis Midstream Partners during the fourth quarter worth about $1,519,000. Finally, Center Coast Capital Advisors LP purchased a new stake in shares of Oasis Midstream Partners during the third quarter worth about $1,357,000. Institutional investors and hedge funds own 25.34% of the company’s stock.
OMP has been the subject of a number of recent research reports. Credit Suisse Group started coverage on shares of Oasis Midstream Partners in a report on Friday, January 5th. They set a “neutral” rating and a $19.00 price target for the company. Zacks Investment Research downgraded shares of Oasis Midstream Partners from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.50.
Shares of Oasis Midstream Partners LP (NYSE OMP) opened at $17.33 on Tuesday. Oasis Midstream Partners LP has a twelve month low of $15.57 and a twelve month high of $19.65. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.14.
The business also recently announced a special dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 16th were issued a $0.0245 dividend. The ex-dividend date was Thursday, February 15th. This represents a yield of 0.00131437768240343%.
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Oasis Midstream Partners Company Profile
Oasis Midstream Partners LP is a master limited partnership company. The Company is formed to own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations exclusively within the Williston Basin. The Company’s midstream services include gas gathering, compression, processing and gas lift services; crude gathering, stabilization, blending, storage and transportation services; produced water gathering and disposal services; and freshwater distribution services.
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