Squarepoint Ops LLC Has $4.02 Million Stock Position in Hess Midstream Partners LP $HESM

Squarepoint Ops LLC lifted its stake in Hess Midstream Partners LP (NYSE:HESM) by 419.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,871 shares of the company’s stock after purchasing an additional 86,309 shares during the period. Squarepoint Ops LLC’s holdings in Hess Midstream Partners were worth $4,018,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada lifted its stake in Hess Midstream Partners by 25.1% in the first quarter. Royal Bank of Canada now owns 238,724 shares of the company’s stock valued at $9,279,000 after buying an additional 47,964 shares during the period. Miller Howard Investments Inc. NY grew its position in shares of Hess Midstream Partners by 3.2% during the 1st quarter. Miller Howard Investments Inc. NY now owns 1,491,899 shares of the company’s stock worth $57,990,000 after buying an additional 45,584 shares during the period. Epoch Investment Partners Inc. grew its position in shares of Hess Midstream Partners by 12.1% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,500,598 shares of the company’s stock worth $86,271,000 after buying an additional 269,216 shares during the period. Inspire Investing LLC bought a new stake in shares of Hess Midstream Partners in the 4th quarter valued at about $2,706,000. Finally, TD Asset Management Inc increased its stake in shares of Hess Midstream Partners by 10.0% in the 4th quarter. TD Asset Management Inc now owns 2,626,438 shares of the company’s stock valued at $90,612,000 after acquiring an additional 237,690 shares during the last quarter. 98.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on HESM shares. Weiss Ratings restated a “buy (b)” rating on shares of Hess Midstream Partners in a research report on Wednesday, June 24th. Morgan Stanley reiterated an “underweight” rating and set a $39.00 target price on shares of Hess Midstream Partners in a report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $36.60.

Hess Midstream Partners Stock Performance

HESM opened at $40.03 on Friday. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 13.80 and a beta of 0.52. The business’s 50-day moving average price is $39.93 and its two-hundred day moving average price is $39.09. Hess Midstream Partners LP has a 1 year low of $31.63 and a 1 year high of $41.44. The company has a debt-to-equity ratio of 9.39, a current ratio of 0.77 and a quick ratio of 0.77.

Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $395.96 million. Hess Midstream Partners had a return on equity of 92.18% and a net margin of 23.23%.Hess Midstream Partners’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. Equities analysts expect that Hess Midstream Partners LP will post 2.94 EPS for the current fiscal year.

Hess Midstream Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, August 6th were paid a $0.7888 dividend. This represents a $3.16 annualized dividend and a yield of 7.9%. The ex-dividend date was Thursday, August 6th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.78. Hess Midstream Partners’s dividend payout ratio (DPR) is presently 108.97%.

Hess Midstream Partners Company Profile

Hess Midstream Partners LP (NYSE:HESM) is a fee-based, publicly traded midstream energy company that provides infrastructure and logistics services for crude oil, natural gas and produced water. The partnership’s operations are primarily supported by long-term commercial agreements with Hess and other customers.

The company owns and operates midstream assets in the Bakken and Three Forks shale plays of North Dakota. Its services include gathering crude oil and natural gas from producing wells, processing and compressing natural gas, gathering and disposing of produced water, and providing storage, terminaling and transportation services.

Hess Midstream’s infrastructure includes gathering systems, natural gas processing facilities, crude oil and natural gas storage assets, rail and pipeline connections, and water-handling facilities.