Russell Investments Group Ltd. lifted its stake in shares of Hess Midstream Partners LP (NYSE:HESM) by 32.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,976 shares of the company’s stock after buying an additional 24,114 shares during the period. Russell Investments Group Ltd. owned approximately 0.36% of Hess Midstream Partners worth $1,949,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Franklin Square Holdings L.P. lifted its stake in shares of Hess Midstream Partners by 16.6% during the first quarter. Franklin Square Holdings L.P. now owns 28,690 shares of the company’s stock worth $546,000 after buying an additional 4,080 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Hess Midstream Partners by 83.9% during the first quarter. GSA Capital Partners LLP now owns 25,943 shares of the company’s stock worth $494,000 after buying an additional 11,836 shares during the period. Spirit of America Management Corp NY lifted its stake in shares of Hess Midstream Partners by 4.9% during the second quarter. Spirit of America Management Corp NY now owns 260,035 shares of the company’s stock worth $5,123,000 after buying an additional 12,200 shares during the period. Avalon Advisors LLC acquired a new stake in shares of Hess Midstream Partners during the first quarter worth $268,000. Finally, Penbrook Management LLC acquired a new stake in shares of Hess Midstream Partners during the second quarter worth $404,000. Institutional investors and hedge funds own 51.29% of the company’s stock.

NYSE:HESM opened at $22.47 on Tuesday. Hess Midstream Partners LP has a 12 month low of $18.32 and a 12 month high of $24.51. The firm has a market cap of $624.56 million, a PE ratio of 19.90, a P/E/G ratio of 1.39 and a beta of 2.00.

Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Hess Midstream Partners had a net margin of 10.34% and a return on equity of 2.48%. The business had revenue of $164.70 million during the quarter, compared to the consensus estimate of $159.10 million. research analysts predict that Hess Midstream Partners LP will post 1.27 EPS for the current fiscal year.

Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. TheStreet upgraded shares of Hess Midstream Partners from a “d+” rating to a “c” rating in a research note on Tuesday, September 11th. Finally, Morgan Stanley lifted their price objective on shares of Hess Midstream Partners from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Hess Midstream Partners has an average rating of “Hold” and a consensus price target of $26.75.

Hess Midstream Partners Profile

Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide 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 include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.

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Institutional Ownership by Quarter for Hess Midstream Partners (NYSE:HESM)

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