Hess Midstream Partners LP $HESM Shares Acquired by Westover Capital Advisors LLC

Westover Capital Advisors LLC grew its position in Hess Midstream Partners LP (NYSE:HESM) by 15.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 95,355 shares of the company’s stock after acquiring an additional 12,747 shares during the period. Westover Capital Advisors LLC’s holdings in Hess Midstream Partners were worth $3,290,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HESM. Geneos Wealth Management Inc. grew its stake in Hess Midstream Partners by 14.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $92,000 after purchasing an additional 300 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Hess Midstream Partners by 1.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 25,766 shares of the company’s stock worth $889,000 after purchasing an additional 330 shares in the last quarter. Investment Management Corp VA ADV grew its stake in Hess Midstream Partners by 3.0% during the 4th quarter. Investment Management Corp VA ADV now owns 12,519 shares of the company’s stock worth $432,000 after purchasing an additional 362 shares in the last quarter. Creative Planning grew its stake in Hess Midstream Partners by 4.7% during the 3rd quarter. Creative Planning now owns 9,000 shares of the company’s stock worth $311,000 after purchasing an additional 404 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Hess Midstream Partners by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 36,850 shares of the company’s stock worth $1,273,000 after purchasing an additional 460 shares in the last quarter. 98.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on HESM. Wells Fargo & Company boosted their target price on Hess Midstream Partners from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. The Goldman Sachs Group cut Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 price objective for the company. in a research report on Monday, April 20th. Weiss Ratings raised Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Zacks Research raised Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Morgan Stanley lowered their price objective on Hess Midstream Partners from $42.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. One research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.71.

Hess Midstream Partners Trading Down 0.1%

Shares of HESM stock opened at $40.66 on Monday. The business’s 50 day moving average is $38.93 and its two-hundred day moving average is $36.46. Hess Midstream Partners LP has a twelve month low of $31.63 and a twelve month high of $44.14. The company has a market capitalization of $8.38 billion, a P/E ratio of 14.07 and a beta of 0.54. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.97.

Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.03. The firm had revenue of $390.10 million during the quarter, compared to analysts’ expectations of $389.51 million. Hess Midstream Partners had a net margin of 22.64% and a return on equity of 84.47%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. Equities analysts forecast that Hess Midstream Partners LP will post 2.99 EPS for the current year.

Hess Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.7792 dividend. The ex-dividend date was Thursday, May 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.7%. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.76. Hess Midstream Partners’s payout ratio is currently 107.96%.

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.