Hess Midstream Partners LP $HESM Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in shares of Hess Midstream Partners LP (NYSE:HESM) by 143.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 27,316 shares of the company’s stock after buying an additional 16,114 shares during the quarter. GSA Capital Partners LLP’s holdings in Hess Midstream Partners were worth $944,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HESM. Kesler Norman & Wride LLC raised its stake in shares of Hess Midstream Partners by 0.9% in the 2nd quarter. Kesler Norman & Wride LLC now owns 26,507 shares of the company’s stock worth $1,021,000 after buying an additional 241 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Hess Midstream Partners by 14.3% during the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $92,000 after acquiring an additional 300 shares during the period. Virtus Investment Advisers LLC raised its position in Hess Midstream Partners by 7.6% in the second quarter. Virtus Investment Advisers LLC now owns 4,456 shares of the company’s stock worth $172,000 after acquiring an additional 315 shares in the last quarter. Farther Finance Advisors LLC raised its position in Hess Midstream Partners by 14.1% in the third quarter. Farther Finance Advisors LLC now owns 2,696 shares of the company’s stock worth $93,000 after acquiring an additional 333 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in Hess Midstream Partners by 34.9% in the 2nd quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock valued at $59,000 after acquiring an additional 400 shares during the last quarter. 98.97% of the stock is owned by institutional investors.

Hess Midstream Partners Stock Performance

Shares of HESM stock opened at $37.85 on Friday. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 13.23 and a beta of 0.62. Hess Midstream Partners LP has a 1-year low of $31.63 and a 1-year high of $44.14. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 8.83. The stock’s fifty day simple moving average is $35.08 and its 200-day simple moving average is $35.81.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. Hess Midstream Partners had a return on equity of 73.17% and a net margin of 21.77%.The firm had revenue of $374.50 million during the quarter, compared to the consensus estimate of $419.16 million. During the same period in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Hess Midstream Partners LP will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, February 5th were given a $0.7641 dividend. This represents a $3.06 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date was Thursday, February 5th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.75. Hess Midstream Partners’s payout ratio is currently 106.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Hess Midstream Partners in a research note on Monday, December 29th. Raymond James Financial lowered Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Finally, Zacks Research lowered Hess Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $40.57.

Hess Midstream Partners Company Profile

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.