Hess Midstream Partners LP $HESM Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group grew its position in Hess Midstream Partners LP (NYSE:HESM) by 6.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 736,548 shares of the company’s stock after purchasing an additional 46,217 shares during the period. Schroder Investment Management Group owned approximately 0.35% of Hess Midstream Partners worth $25,551,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in Hess Midstream Partners by 14.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $92,000 after buying an additional 300 shares during the last quarter. Virtus Investment Advisers LLC increased its stake in shares of 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 during the period. Farther Finance Advisors LLC increased its stake in shares of 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 during the period. CENTRAL TRUST Co raised its holdings in shares of Hess Midstream Partners by 34.9% during the second quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock worth $59,000 after purchasing an additional 400 shares during the last quarter. Finally, Investment Management Corp VA ADV raised its holdings in shares of Hess Midstream Partners by 3.6% during the third quarter. Investment Management Corp VA ADV now owns 12,157 shares of the company’s stock worth $420,000 after purchasing an additional 423 shares during the last quarter. 98.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HESM shares. Weiss Ratings raised shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Zacks Research upgraded Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Raymond James Financial cut Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Finally, Wall Street Zen downgraded Hess Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.57.

Hess Midstream Partners Stock Performance

Shares of NYSE HESM opened at $38.98 on Friday. The company’s fifty day moving average price is $36.35 and its 200 day moving average price is $35.56. Hess Midstream Partners LP has a 1 year low of $31.63 and a 1 year high of $44.14. The company has a market capitalization of $8.10 billion, a PE ratio of 13.63 and a beta of 0.60. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.85 and a current ratio of 0.85.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $374.50 million for the quarter, compared to analyst estimates of $419.16 million. Hess Midstream Partners had a net margin of 21.77% and a return on equity of 74.89%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. On average, research analysts predict that Hess Midstream Partners LP will post 2.5 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, February 5th were paid a $0.7641 dividend. The ex-dividend date was Thursday, February 5th. This represents a $3.06 annualized dividend and a dividend yield of 7.8%. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.75. Hess Midstream Partners’s dividend payout ratio (DPR) is presently 106.99%.

Hess Midstream Partners 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.