Two Sigma Securities LLC Acquires Shares of 24,883 Hess Midstream Partners LP $HESM

Two Sigma Securities LLC bought a new position in Hess Midstream Partners LP (NYSE:HESM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,883 shares of the company’s stock, valued at approximately $936,000.

A number of other institutional investors have also recently modified their holdings of HESM. Geneos Wealth Management Inc. increased its holdings in shares of Hess Midstream Partners by 14.3% during the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $92,000 after acquiring an additional 300 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in Hess Midstream Partners by 1.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 25,766 shares of the company’s stock worth $889,000 after purchasing an additional 330 shares in the last quarter. Palo Duro Investment Partners LP grew its position in Hess Midstream Partners by 3.6% during the 2nd quarter. Palo Duro Investment Partners LP now owns 10,309 shares of the company’s stock valued at $388,000 after purchasing an additional 363 shares during the last quarter. Cetera Investment Advisers increased its stake in Hess Midstream Partners by 0.8% during the 4th quarter. Cetera Investment Advisers now owns 44,931 shares of the company’s stock valued at $1,550,000 after purchasing an additional 378 shares in the last quarter. Finally, Creative Planning increased its stake in Hess Midstream Partners by 4.7% during the 3rd quarter. Creative Planning now owns 9,000 shares of the company’s stock valued at $311,000 after purchasing an additional 404 shares in the last quarter. 98.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on HESM shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hess Midstream Partners in a report on Wednesday, June 24th. Morgan Stanley reiterated an “underweight” rating and set a $39.00 price target on shares of Hess Midstream Partners in a report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $37.67.

Hess Midstream Partners Price Performance

Shares of HESM opened at $40.23 on Tuesday. The firm has a fifty day simple moving average of $39.48 and a two-hundred day simple moving average of $38.90. The firm has a market cap of $8.29 billion, a PE ratio of 13.87 and a beta of 0.52. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 9.39. Hess Midstream Partners LP has a 1-year low of $31.63 and a 1-year high of $41.63.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Hess Midstream Partners had a return on equity of 92.18% and a net margin of 23.23%.The firm had revenue of $399.00 million for the quarter, compared to the consensus estimate of $395.96 million. During the same period last year, the business posted $0.74 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities analysts anticipate that Hess Midstream Partners LP will post 2.94 EPS for the current 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 issued a $0.7888 dividend. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Thursday, August 6th. Hess Midstream Partners’s dividend payout ratio is currently 108.97%.

About Hess Midstream Partners

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.