Y Intercept Hong Kong Ltd Has $947,000 Holdings in Hess Midstream Partners LP $HESM

Y Intercept Hong Kong Ltd boosted its holdings in Hess Midstream Partners LP (NYSE:HESM) by 115.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,599 shares of the company’s stock after acquiring an additional 13,170 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hess Midstream Partners were worth $947,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Leisure Capital Management raised its position in Hess Midstream Partners by 2.0% in the first quarter. Leisure Capital Management now owns 26,681 shares of the company’s stock worth $1,128,000 after purchasing an additional 533 shares in the last quarter. IFP Advisors Inc grew its stake in Hess Midstream Partners by 20.0% during the first quarter. IFP Advisors Inc now owns 3,520 shares of the company’s stock worth $149,000 after buying an additional 586 shares during the last quarter. Resona Asset Management Co. Ltd. grew its stake in Hess Midstream Partners by 3.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 19,215 shares of the company’s stock worth $813,000 after buying an additional 593 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Hess Midstream Partners during the second quarter worth about $25,000. Finally, U.S. Capital Wealth Advisors LLC grew its stake in Hess Midstream Partners by 1.5% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 47,133 shares of the company’s stock worth $1,993,000 after buying an additional 682 shares during the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.

Insider Transactions at Hess Midstream Partners

In other Hess Midstream Partners news, COO John A. Gatling sold 62,457 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $41.59, for a total value of $2,597,586.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hess Midstream Partners Trading Down 1.7%

HESM opened at $33.89 on Wednesday. The firm’s fifty day moving average is $36.05 and its two-hundred day moving average is $38.04. The company has a debt-to-equity ratio of 7.26, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $7.12 billion, a PE ratio of 12.02 and a beta of 0.62. Hess Midstream Partners LP has a twelve month low of $31.63 and a twelve month high of $44.14.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $420.90 million for the quarter, compared to analyst estimates of $424.36 million. Hess Midstream Partners had a net margin of 20.46% and a return on equity of 66.63%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business posted $0.63 earnings per share. Equities research analysts anticipate that Hess Midstream Partners LP will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, November 6th will be issued a $0.7548 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $3.02 dividend on an annualized basis and a yield of 8.9%. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.74. Hess Midstream Partners’s payout ratio is presently 109.26%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HESM shares. UBS Group reaffirmed a “neutral” rating and set a $43.00 price objective (down from $45.00) on shares of Hess Midstream Partners in a research note on Wednesday, September 10th. Citigroup decreased their price target on shares of Hess Midstream Partners from $41.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Hess Midstream Partners in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Hess Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, Morgan Stanley began coverage on shares of Hess Midstream Partners in a research note on Friday, July 25th. They set an “equal weight” rating and a $48.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.57.

Hess Midstream Partners Profile

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.