NBW Capital LLC decreased its holdings in Hess Midstream Partners LP (NYSE:HESM) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,957 shares of the company’s stock after selling 13,956 shares during the quarter. Hess Midstream Partners comprises about 1.8% of NBW Capital LLC’s portfolio, making the stock its 29th biggest position. NBW Capital LLC owned approximately 1.24% of Hess Midstream Partners worth $6,695,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Hess Midstream Partners by 98.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,618 shares of the company’s stock worth $209,000 after purchasing an additional 4,778 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Hess Midstream Partners during the 3rd quarter worth about $292,000. Virtu Financial LLC acquired a new stake in Hess Midstream Partners during the 4th quarter worth about $301,000. Lucas Capital Management lifted its position in Hess Midstream Partners by 21.9% during the 4th quarter. Lucas Capital Management now owns 16,054 shares of the company’s stock worth $318,000 after acquiring an additional 2,885 shares during the period. Finally, Franklin Square Holdings L.P. acquired a new stake in Hess Midstream Partners during the 4th quarter worth about $488,000. 56.48% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on HESM shares. Zacks Investment Research raised Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, January 10th. Scotiabank set a $31.00 price target on Hess Midstream Partners and gave the stock a “buy” rating in a research report on Monday, December 4th. Finally, Wells Fargo & Co raised Hess Midstream Partners from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $24.00 to $26.00 in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $27.71.
Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings data on Monday, February 5th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). The company had revenue of $150.50 million for the quarter, compared to analysts’ expectations of $146.60 million. Hess Midstream Partners had a net margin of 18.29% and a return on equity of 4.20%. research analysts expect that Hess Midstream Partners LP will post 1.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Friday, February 2nd were paid a dividend of $0.322 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.29 dividend on an annualized basis and a dividend yield of 6.26%.
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About Hess Midstream Partners
Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company’s assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken).
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