Hess Midstream Partners LP $HESM Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Hess Midstream Partners LP (NYSE:HESM) by 66.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,608 shares of the company’s stock after selling 71,629 shares during the quarter. SG Americas Securities LLC’s holdings in Hess Midstream Partners were worth $1,263,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Diversified Trust Co. acquired a new stake in shares of Hess Midstream Partners in the fourth quarter valued at approximately $352,000. Penbrook Management LLC grew its position in shares of Hess Midstream Partners by 30.5% in the fourth quarter. Penbrook Management LLC now owns 30,055 shares of the company’s stock valued at $1,037,000 after purchasing an additional 7,025 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Hess Midstream Partners in the fourth quarter valued at approximately $249,000. Severin Investments LLC acquired a new stake in shares of Hess Midstream Partners in the third quarter valued at approximately $301,000. Finally, Strategic Advocates LLC acquired a new stake in shares of Hess Midstream Partners in the third quarter valued at approximately $28,000. 98.97% of the stock is currently owned by institutional investors and hedge funds.

Hess Midstream Partners Stock Performance

Shares of HESM opened at $39.28 on Wednesday. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 13.73 and a beta of 0.58. The company’s 50 day simple moving average is $38.10 and its 200 day simple moving average is $35.39. Hess Midstream Partners LP has a 1 year low of $31.63 and a 1 year high of $44.14.

Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $374.50 million for the quarter, compared to the consensus estimate of $419.16 million. Hess Midstream Partners had a net margin of 21.77% and a return on equity of 74.89%. Hess Midstream Partners’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. On average, sell-side analysts predict that Hess Midstream Partners LP will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.7641 per share. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.75. This represents a $3.06 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Thursday, February 5th. Hess Midstream Partners’s payout ratio is 106.64%.

Analysts Set New Price Targets

Several analysts have recently commented on HESM shares. Zacks Research upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings raised shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Raymond James Financial downgraded shares of Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Finally, Wells Fargo & Company upped their price objective on shares of Hess Midstream Partners from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.