Hess Midstream Partners LP $HESM Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its position in Hess Midstream Partners LP (NYSE:HESM) by 99.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,882 shares of the company’s stock after selling 1,078,680 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Hess Midstream Partners were worth $419,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HESM. Eagle Global Advisors LLC lifted its position in shares of Hess Midstream Partners by 53.7% during the 2nd quarter. Eagle Global Advisors LLC now owns 2,453,834 shares of the company’s stock worth $94,497,000 after purchasing an additional 857,669 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Hess Midstream Partners in the second quarter valued at $30,735,000. Allianz Asset Management GmbH purchased a new stake in Hess Midstream Partners during the 1st quarter worth about $29,640,000. Goldman Sachs Group Inc. boosted its position in shares of Hess Midstream Partners by 10.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,233,773 shares of the company’s stock worth $305,916,000 after acquiring an additional 655,062 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Hess Midstream Partners by 51.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,519,185 shares of the company’s stock worth $58,504,000 after acquiring an additional 516,136 shares in the last quarter. 98.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HESM has been the subject of several recent analyst reports. UBS Group restated a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Hess Midstream Partners in a research note on Wednesday, September 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hess Midstream Partners in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Hess Midstream Partners from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Raymond James Financial reaffirmed an “outperform” rating and set a $35.00 price objective (down previously from $48.00) on shares of Hess Midstream Partners in a report on Friday, October 24th. Finally, Morgan Stanley assumed coverage on Hess Midstream Partners in a research report on Friday, July 25th. They set an “equal weight” rating and a $48.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.57.

Hess Midstream Partners Trading Down 0.1%

Shares of Hess Midstream Partners stock opened at $33.32 on Monday. 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 company has a market capitalization of $6.92 billion, a P/E ratio of 11.80 and a beta of 0.62. Hess Midstream Partners LP has a 1 year low of $31.63 and a 1 year high of $44.14. The company’s fifty day moving average is $34.82 and its two-hundred day moving average is $37.79.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Hess Midstream Partners had a return on equity of 69.03% and a net margin of 20.46%.The firm had revenue of $420.90 million for the quarter, compared to analyst estimates of $424.36 million. During the same quarter last year, the company posted $0.63 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. Analysts forecast that Hess Midstream Partners LP will post 2.5 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, November 6th were paid a $0.7548 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $3.02 annualized dividend and a yield of 9.1%. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.74. Hess Midstream Partners’s dividend payout ratio is presently 107.09%.

Hess Midstream Partners Profile

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.