Ameritas Advisory Services LLC Acquires Shares of 1,300 Hess Midstream Partners LP $HESM

Ameritas Advisory Services LLC acquired a new stake in Hess Midstream Partners LP (NYSE:HESM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,300 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors also recently bought and sold shares of the business. Alps Advisors Inc. grew its stake in Hess Midstream Partners by 31.1% in the 1st quarter. Alps Advisors Inc. now owns 26,356,221 shares of the company’s stock valued at $1,114,605,000 after acquiring an additional 6,251,664 shares during the period. Artemis Investment Management LLP grew its stake in Hess Midstream Partners by 131.4% in the 1st quarter. Artemis Investment Management LLP now owns 1,969,448 shares of the company’s stock valued at $83,288,000 after acquiring an additional 1,118,245 shares during the period. Eagle Global Advisors LLC grew its position in shares of Hess Midstream Partners by 53.7% in the second quarter. Eagle Global Advisors LLC now owns 2,453,834 shares of the company’s stock valued at $94,497,000 after purchasing an additional 857,669 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Hess Midstream Partners in the second quarter valued at about $30,735,000. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Hess Midstream Partners in the first quarter valued at about $29,640,000. 98.97% of the stock is owned by institutional investors and hedge funds.

Hess Midstream Partners Trading Down 2.9%

Shares of HESM stock opened at $31.80 on Monday. The company’s 50-day moving average price is $38.80 and its 200-day moving average price is $38.59. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 7.26. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 11.78 and a beta of 0.58. Hess Midstream Partners LP has a twelve month low of $31.72 and a twelve month high of $44.14.

Hess Midstream Partners (NYSE:HESM) last posted its earnings results on Wednesday, July 30th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.18. The company had revenue of $414.20 million for the quarter, compared to analyst estimates of $405.08 million. Hess Midstream Partners had a net margin of 18.52% and a return on equity of 60.37%. Hess Midstream Partners’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. As a group, equities 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 disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a $0.737 dividend. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.71. This represents a $2.95 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date was Thursday, August 7th. Hess Midstream Partners’s payout ratio is currently 108.89%.

Analysts Set New Price Targets

Several analysts have recently issued reports on HESM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Hess Midstream Partners in a research report on Wednesday, October 8th. Wells Fargo & Company cut Hess Midstream Partners from an “equal weight” rating to a “reduce” rating in a report on Friday, September 19th. Zacks Research upgraded Hess Midstream Partners from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. UBS Group reaffirmed a “neutral” rating and issued a $43.00 price target (down from $45.00) on shares of Hess Midstream Partners in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. lifted their price target on Hess Midstream Partners from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hess Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Insider Buying and Selling

In related news, COO John A. Gatling sold 62,457 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $41.59, for a total value of $2,597,586.63. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

About Hess Midstream Partners

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based 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 owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.