Caprock Group LLC Takes $692,000 Position in Hess Midstream Partners LP $HESM

Caprock Group LLC bought a new position in Hess Midstream Partners LP (NYSE:HESM) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 20,018 shares of the company’s stock, valued at approximately $692,000.

Several other institutional investors have also added to or reduced their stakes in the business. Marquette Asset Management LLC bought a new position in shares of Hess Midstream Partners during the third quarter valued at about $30,000. CENTRAL TRUST Co grew its position in Hess Midstream Partners by 34.9% during the 2nd quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock worth $59,000 after acquiring an additional 400 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Hess Midstream Partners by 14.3% in 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 during the period. Farther Finance Advisors LLC lifted its position in Hess Midstream Partners by 14.1% in the third quarter. Farther Finance Advisors LLC now owns 2,696 shares of the company’s stock valued at $93,000 after purchasing an additional 333 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Hess Midstream Partners by 40.3% in the second quarter. Parkside Financial Bank & Trust now owns 3,180 shares of the company’s stock valued at $122,000 after purchasing an additional 913 shares during the last quarter. 98.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Zacks Research downgraded shares of Hess Midstream Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Wall Street Zen cut shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hess Midstream Partners in a report on Monday, December 29th. Finally, Raymond James Financial cut Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $40.57.

Hess Midstream Partners Stock Up 2.3%

Shares of NYSE:HESM opened at $36.68 on Tuesday. The firm has a market capitalization of $7.62 billion, a P/E ratio of 12.82 and a beta of 0.62. 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 stock has a 50 day moving average price of $34.86 and a 200-day moving average price of $35.86. Hess Midstream Partners LP has a 52-week low of $31.63 and a 52-week high of $44.14.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $374.50 million for the quarter, compared to analysts’ expectations of $419.16 million. Hess Midstream Partners had a return on equity of 73.17% and a net margin of 21.77%.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 firm earned $0.68 earnings per share. As a group, equities research analysts anticipate that Hess Midstream Partners LP will post 2.5 EPS for the current fiscal year.

Hess Midstream Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, February 5th were paid a $0.7641 dividend. This represents a $3.06 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Thursday, February 5th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.75. Hess Midstream Partners’s dividend payout ratio (DPR) is 106.99%.

About Hess Midstream Partners

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.