Squarepoint Ops LLC Buys 22,202 Shares of Hess Midstream Partners LP $HESM

Squarepoint Ops LLC raised its position in Hess Midstream Partners LP (NYSE:HESM) by 362.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,334 shares of the company’s stock after buying an additional 22,202 shares during the period. Squarepoint Ops LLC’s holdings in Hess Midstream Partners were worth $1,091,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HESM. Kesler Norman & Wride LLC lifted its position in Hess Midstream Partners by 0.9% during the 2nd quarter. Kesler Norman & Wride LLC now owns 26,507 shares of the company’s stock worth $1,021,000 after buying an additional 241 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Hess Midstream Partners by 14.3% in the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $92,000 after acquiring an additional 300 shares during the last quarter. Virtus Investment Advisers LLC lifted its position in shares of Hess Midstream Partners by 7.6% during the second quarter. Virtus Investment Advisers LLC now owns 4,456 shares of the company’s stock worth $172,000 after purchasing an additional 315 shares in the last quarter. CENTRAL TRUST Co grew its stake in shares of Hess Midstream Partners by 34.9% during the second quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock valued at $59,000 after purchasing an additional 400 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Hess Midstream Partners in the second quarter valued at approximately $25,000. Institutional investors and hedge funds own 98.97% of the company’s stock.

Analysts Set New Price Targets

HESM has been the subject of several research analyst reports. Raymond James Financial restated an “outperform” rating and issued a $35.00 price objective (down previously from $48.00) on shares of Hess Midstream Partners in a research report on Friday, October 24th. UBS Group restated a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Hess Midstream Partners in a research report on Wednesday, September 10th. Citigroup cut their price target on 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 reiterated a “hold (c+)” rating on shares of Hess Midstream Partners in a research report on Monday, December 8th. Finally, Zacks Research raised Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.57.

Hess Midstream Partners Stock Down 0.1%

NYSE:HESM opened at $33.90 on Monday. Hess Midstream Partners LP has a 12-month low of $31.63 and a 12-month high of $44.14. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 8.83. The firm has a market capitalization of $7.04 billion, a P/E ratio of 12.02 and a beta of 0.62. The stock’s fifty day simple moving average is $33.54 and its 200-day simple moving average is $37.04.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Hess Midstream Partners had a return on equity of 69.03% and a net margin of 20.46%.The business had revenue of $420.90 million during the quarter, compared to the consensus estimate of $424.36 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. Equities research analysts expect that Hess Midstream Partners LP will post 2.5 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, November 6th were paid a $0.7548 dividend. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 8.9%. Hess Midstream Partners’s dividend payout ratio (DPR) is currently 107.09%.

Hess Midstream Partners Profile

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.