Geurt G. Schoonman Acquires 3,249 Shares of Hess Midstream LP (NYSE:HESM) Stock

Hess Midstream LP (NYSE:HESMGet Rating) Director Geurt G. Schoonman bought 3,249 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The stock was purchased at an average price of $30.77 per share, with a total value of $99,971.73. Following the completion of the purchase, the director now owns 3,249 shares in the company, valued at $99,971.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NYSE:HESM opened at $28.72 on Wednesday. The company has a fifty day moving average of $31.25 and a two-hundred day moving average of $28.78. The stock has a market capitalization of $966.80 million, a PE ratio of 15.78 and a beta of 1.72. Hess Midstream LP has a fifty-two week low of $21.94 and a fifty-two week high of $35.71.

Hess Midstream (NYSE:HESMGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). During the same period in the prior year, the business posted $0.43 EPS. Equities research analysts predict that Hess Midstream LP will post 2.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Thursday, May 5th will be given a dividend of $0.549 per share. The ex-dividend date is Wednesday, May 4th. This is a boost from Hess Midstream’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a yield of 7.65%. Hess Midstream’s dividend payout ratio is currently 120.88%.

HESM has been the subject of several analyst reports. Wells Fargo & Company cut shares of Hess Midstream from an “overweight” rating to an “equal weight” rating and set a $33.00 target price for the company. in a research note on Thursday, March 10th. Morgan Stanley boosted their target price on shares of Hess Midstream from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 26th. Finally, Zacks Investment Research upgraded shares of Hess Midstream from a “sell” rating to a “hold” rating in a research note on Friday, March 18th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.86.

Large investors have recently bought and sold shares of the business. First Quadrant LLC CA acquired a new position in Hess Midstream during the first quarter worth $35,000. AGF Investments LLC acquired a new stake in shares of Hess Midstream in the first quarter valued at about $39,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Hess Midstream in the fourth quarter valued at about $46,000. Captrust Financial Advisors raised its position in shares of Hess Midstream by 54.6% in the third quarter. Captrust Financial Advisors now owns 1,728 shares of the company’s stock valued at $49,000 after buying an additional 610 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Hess Midstream in the fourth quarter valued at about $69,000. Institutional investors own 77.57% of the company’s stock.

About Hess Midstream (Get Rating)

Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression; crude oil gathering systems; and produced water gathering and disposal facilities.

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