XTX Topco Ltd Invests $2.45 Million in Hess Midstream Partners LP $HESM

XTX Topco Ltd bought a new position in shares of Hess Midstream Partners LP (NYSE:HESM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 63,552 shares of the company’s stock, valued at approximately $2,447,000.

Other large investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Hess Midstream Partners during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Hess Midstream Partners during the 1st quarter worth approximately $31,000. Ameritas Advisory Services LLC acquired a new stake in Hess Midstream Partners in the 2nd quarter valued at $50,000. CENTRAL TRUST Co boosted its position in Hess Midstream Partners by 34.9% during the second quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock valued at $59,000 after purchasing an additional 400 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Hess Midstream Partners by 124.4% during the second quarter. Farther Finance Advisors LLC now owns 2,363 shares of the company’s stock worth $91,000 after acquiring an additional 1,310 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors and hedge funds.

Hess Midstream Partners Price Performance

Shares of NYSE:HESM opened at $33.09 on Thursday. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 11.74 and a beta of 0.62. The company has a debt-to-equity ratio of 8.83, a current ratio of 0.75 and a quick ratio of 0.75. Hess Midstream Partners LP has a one year low of $31.63 and a one year high of $44.14. The company’s fifty day moving average price is $33.68 and its 200-day moving average price is $37.53.

Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $420.90 million for the quarter, compared to analyst estimates of $424.36 million. During the same period last year, the company earned $0.63 EPS. Hess Midstream Partners’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, November 6th were paid a dividend of $0.7548 per share. The ex-dividend date was Thursday, November 6th. This represents a $3.02 dividend on an annualized basis 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 (DPR) is 107.09%.

Analysts Set New Price Targets

Several research firms have weighed in on HESM. Zacks Research raised shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Citigroup decreased their price target on Hess Midstream Partners from $41.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. Wall Street Zen lowered shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. lifted their target price on Hess Midstream Partners from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $35.00 price target (down from $48.00) on shares of Hess Midstream Partners in a research note on Friday, October 24th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.57.

About Hess Midstream Partners

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.