Caprock Group LLC Takes $692,000 Position in Hess Midstream Partners LP $HESM

Caprock Group LLC purchased a new position in shares of Hess Midstream Partners LP (NYSE:HESM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 20,018 shares of the company’s stock, valued at approximately $692,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kesler Norman & Wride LLC increased its stake in shares of Hess Midstream Partners by 0.9% in the second quarter. Kesler Norman & Wride LLC now owns 26,507 shares of the company’s stock worth $1,021,000 after purchasing an additional 241 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Hess Midstream Partners by 14.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $92,000 after buying an additional 300 shares in the last quarter. Virtus Investment Advisers LLC grew its stake in Hess Midstream Partners by 7.6% in the 2nd quarter. Virtus Investment Advisers LLC now owns 4,456 shares of the company’s stock valued at $172,000 after buying an additional 315 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Hess Midstream Partners by 14.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,696 shares of the company’s stock valued at $93,000 after acquiring an additional 333 shares during the period. Finally, CENTRAL TRUST Co lifted its position 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 worth $59,000 after acquiring an additional 400 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Hess Midstream Partners in a research note on Monday, December 29th. Wall Street Zen lowered Hess Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Raymond James Financial downgraded shares of Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Finally, Zacks Research lowered shares of Hess Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $40.57.

Hess Midstream Partners Stock Performance

Hess Midstream Partners stock opened at $36.68 on Tuesday. Hess Midstream Partners LP has a fifty-two week low of $31.63 and a fifty-two week high of $44.14. The company has a debt-to-equity ratio of 8.83, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $7.62 billion, a P/E ratio of 12.82 and a beta of 0.62. The firm’s fifty day moving average price is $34.86 and its 200-day moving average price is $35.86.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. Hess Midstream Partners had a return on equity of 73.17% and a net margin of 21.77%.The business had revenue of $374.50 million for the quarter, compared to the consensus estimate of $419.16 million. During the same quarter last year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts expect that Hess Midstream Partners LP will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, February 5th were paid a $0.7641 dividend. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.75. This represents a $3.06 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend was Thursday, February 5th. Hess Midstream Partners’s payout ratio is currently 106.99%.

About Hess Midstream Partners

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.