SG Americas Securities LLC Buys 42,682 Shares of Hess Midstream Partners LP $HESM

SG Americas Securities LLC lifted its stake in shares of Hess Midstream Partners LP (NYSE:HESM) by 65.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,237 shares of the company’s stock after acquiring an additional 42,682 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Hess Midstream Partners worth $3,740,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HESM. Castellan Group grew its stake in Hess Midstream Partners by 7.3% in the third quarter. Castellan Group now owns 84,578 shares of the company’s stock worth $2,922,000 after purchasing an additional 5,755 shares in the last quarter. GraniteShares Advisors LLC lifted its holdings in shares of Hess Midstream Partners by 9.7% in the 3rd quarter. GraniteShares Advisors LLC now owns 82,610 shares of the company’s stock worth $2,854,000 after buying an additional 7,276 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Hess Midstream Partners by 29.6% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 74,423 shares of the company’s stock worth $2,571,000 after buying an additional 17,000 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its position in shares of Hess Midstream Partners by 0.9% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 2,317,200 shares of the company’s stock worth $80,059,000 after buying an additional 20,000 shares in the last quarter. Finally, Gilman Hill Asset Management LLC purchased a new position in shares of Hess Midstream Partners during the third quarter valued at $686,000. Hedge funds and other institutional investors own 98.97% of the company’s stock.

Hess Midstream Partners Trading Up 1.0%

NYSE HESM opened at $33.94 on Monday. Hess Midstream Partners LP has a 52 week low of $31.63 and a 52 week high of $44.14. The company has a 50 day moving average price of $33.78 and a 200 day moving average price of $36.55. 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 cap of $7.05 billion, a PE ratio of 12.03 and a beta of 0.61.

Hess Midstream Partners (NYSE:HESM) last announced its earnings results on Monday, November 3rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. The company had revenue of $420.90 million during the quarter, compared to the consensus estimate of $424.36 million. Hess Midstream Partners had a net margin of 20.46% and a return on equity of 69.03%. Hess Midstream Partners’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. As a group, sell-side analysts forecast that Hess Midstream Partners LP will post 2.5 EPS for the current fiscal year.

Hess Midstream Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, November 6th were paid a $0.7548 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 8.9%. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.74. The ex-dividend date was Thursday, November 6th. Hess Midstream Partners’s dividend payout ratio (DPR) is 106.74%.

Analyst Ratings Changes

HESM has been the subject of a number of research reports. Wall Street Zen lowered shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “hold (c)” rating on shares of Hess Midstream Partners in a report on Monday, December 29th. Zacks Research upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Raymond James Financial lowered shares of Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Finally, The Goldman Sachs Group started coverage on shares of Hess Midstream Partners in a research note on Tuesday, September 30th. They issued a “neutral” rating and a $36.00 price objective for the company. Eight analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $40.57.

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.