Algert Global LLC Grows Position in Hess Midstream Partners LP $HESM

Algert Global LLC boosted its position in shares of Hess Midstream Partners LP (NYSE:HESM) by 18.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,238 shares of the company’s stock after buying an additional 32,535 shares during the period. Algert Global LLC owned 0.10% of Hess Midstream Partners worth $7,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HESM. Fractal Investments LLC raised its position in Hess Midstream Partners by 306.9% in the 3rd quarter. Fractal Investments LLC now owns 1,185,220 shares of the company’s stock valued at $40,949,000 after purchasing an additional 893,973 shares during the last quarter. SG Americas Securities LLC grew its position in Hess Midstream Partners by 65.1% during the 3rd quarter. SG Americas Securities LLC now owns 108,237 shares of the company’s stock worth $3,740,000 after purchasing an additional 42,682 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in Hess Midstream Partners by 116.2% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 15,044 shares of the company’s stock worth $579,000 after purchasing an additional 8,086 shares during the last quarter. Jump Financial LLC increased its stake in Hess Midstream Partners by 33.5% in the second quarter. Jump Financial LLC now owns 207,593 shares of the company’s stock valued at $7,994,000 after purchasing an additional 52,041 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in Hess Midstream Partners by 224.9% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 399,951 shares of the company’s stock valued at $13,818,000 after purchasing an additional 276,868 shares during the period. Hedge funds and other institutional investors own 98.97% of the company’s stock.

Hess Midstream Partners Trading Up 0.9%

Shares of HESM opened at $39.32 on Tuesday. Hess Midstream Partners LP has a twelve month low of $31.63 and a twelve month high of $44.14. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 8.54. The firm has a market capitalization of $8.17 billion, a P/E ratio of 13.75 and a beta of 0.60. The firm’s 50-day moving average is $36.55 and its two-hundred day moving average is $35.45.

Hess Midstream Partners (NYSE:HESM) last announced 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 74.89% and a net margin of 21.77%.The business had revenue of $374.50 million during the quarter, compared to analysts’ expectations of $419.16 million. During the same quarter last year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts predict 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 represents a $3.06 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Thursday, February 5th. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.75. Hess Midstream Partners’s dividend payout ratio is presently 106.99%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HESM. Wells Fargo & Company increased their target price on shares of Hess Midstream Partners from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday. Zacks Research upgraded Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Raymond James Financial downgraded Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Finally, Weiss Ratings raised Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.71.

Hess Midstream Partners Company 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.