Tower Research Capital LLC TRC Has $573,000 Stake in Hess Midstream LP (NYSE:HESM)

Tower Research Capital LLC TRC raised its position in shares of Hess Midstream LP (NYSE:HESM) by 156.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,479 shares of the company’s stock after acquiring an additional 9,435 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Hess Midstream were worth $573,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HESM. Nordea Investment Management AB raised its holdings in shares of Hess Midstream by 98.0% during the fourth quarter. Nordea Investment Management AB now owns 271,051 shares of the company’s stock valued at $10,118,000 after purchasing an additional 134,171 shares during the period. Van ECK Associates Corp raised its holdings in shares of Hess Midstream by 75.1% during the fourth quarter. Van ECK Associates Corp now owns 23,729 shares of the company’s stock valued at $879,000 after purchasing an additional 10,175 shares during the period. Artemis Investment Management LLP raised its holdings in shares of Hess Midstream by 11.9% during the fourth quarter. Artemis Investment Management LLP now owns 851,203 shares of the company’s stock valued at $31,520,000 after purchasing an additional 90,521 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Hess Midstream during the fourth quarter valued at about $8,786,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Hess Midstream by 6.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 402,915 shares of the company’s stock valued at $14,920,000 after purchasing an additional 23,844 shares during the period. Institutional investors own 98.97% of the company’s stock.

Analyst Upgrades and Downgrades

HESM has been the topic of several research reports. Raymond James upped their price objective on shares of Hess Midstream from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Citigroup upped their target price on shares of Hess Midstream from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company upped their target price on shares of Hess Midstream from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Hess Midstream from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Insider Activity

In other news, major shareholder Blackrock Portfolio Management sold 11,000,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $39.11, for a total transaction of $430,210,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hess Midstream Trading Up 0.3 %

NYSE:HESM opened at $38.88 on Tuesday. The company has a debt-to-equity ratio of 7.85, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 15.61 and a beta of 1.14. Hess Midstream LP has a 52 week low of $32.75 and a 52 week high of $44.05. The firm has a 50-day moving average price of $39.87 and a two-hundred day moving average price of $38.36.

Hess Midstream (NYSE:HESM) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. Hess Midstream had a net margin of 14.92% and a return on equity of 54.59%. On average, equities analysts expect that Hess Midstream LP will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Profile

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.