32,700 Shares in Hess Midstream Partners LP $HESM Purchased by Campbell Capital Management Inc.

Campbell Capital Management Inc. purchased a new position in shares of Hess Midstream Partners LP (NYSE:HESM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,700 shares of the company’s stock, valued at approximately $1,130,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of Hess Midstream Partners during the 3rd quarter worth approximately $160,000. Castleark Management LLC lifted its holdings in Hess Midstream Partners by 25.2% during the 3rd quarter. Castleark Management LLC now owns 45,065 shares of the company’s stock valued at $1,557,000 after purchasing an additional 9,070 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Hess Midstream Partners by 17.6% during the third quarter. CANADA LIFE ASSURANCE Co now owns 15,460 shares of the company’s stock worth $536,000 after purchasing an additional 2,310 shares during the period. Voleon Capital Management LP boosted its position in Hess Midstream Partners by 488.1% during the third quarter. Voleon Capital Management LP now owns 107,070 shares of the company’s stock worth $3,699,000 after purchasing an additional 88,865 shares during the period. Finally, Verition Fund Management LLC increased its holdings in shares of Hess Midstream Partners by 65.1% in the third quarter. Verition Fund Management LLC now owns 421,429 shares of the company’s stock valued at $14,560,000 after purchasing an additional 166,208 shares during the last quarter. Institutional investors own 98.97% of the company’s stock.

Analyst Upgrades and Downgrades

HESM has been the subject of a number of research reports. Zacks Research upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Raymond James Financial lowered shares of Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Weiss Ratings upgraded shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company boosted their price objective on Hess Midstream Partners from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. One 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 target price of $40.71.

Hess Midstream Partners Stock Up 0.7%

HESM opened at $39.60 on Wednesday. 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 8.54, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $8.23 billion, a P/E ratio of 13.85 and a beta of 0.60. The stock has a fifty day moving average of $36.67 and a 200-day moving average of $35.43.

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

Hess Midstream Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.7641 per share. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.75. This represents a $3.06 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Thursday, February 5th. Hess Midstream Partners’s payout ratio is 106.99%.

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.