SG Americas Securities LLC Cuts Stock Holdings in Hess Midstream Partners LP $HESM

SG Americas Securities LLC lowered its stake in shares of Hess Midstream Partners LP (NYSE:HESM) by 66.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,608 shares of the company’s stock after selling 71,629 shares during the period. SG Americas Securities LLC’s holdings in Hess Midstream Partners were worth $1,263,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Diversified Trust Co. purchased a new position in Hess Midstream Partners during the fourth quarter worth approximately $352,000. Penbrook Management LLC raised its stake in Hess Midstream Partners by 30.5% during the fourth quarter. Penbrook Management LLC now owns 30,055 shares of the company’s stock worth $1,037,000 after purchasing an additional 7,025 shares during the period. Avior Wealth Management LLC purchased a new position in Hess Midstream Partners during the fourth quarter worth approximately $249,000. Severin Investments LLC purchased a new position in Hess Midstream Partners during the third quarter worth approximately $301,000. Finally, Strategic Advocates LLC purchased a new position in shares of Hess Midstream Partners in the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 98.97% of the company’s stock.

Wall Street Analyst Weigh In

HESM has been the topic of a number of research reports. Weiss Ratings raised shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Raymond James Financial downgraded shares of Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Wells Fargo & Company raised their target price on shares of Hess Midstream Partners from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Finally, Zacks Research raised shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.71.

Hess Midstream Partners Stock Performance

Shares of HESM stock opened at $39.28 on Wednesday. The company’s fifty day simple moving average is $38.10 and its 200-day simple moving average is $35.39. Hess Midstream Partners LP has a 52 week low of $31.63 and a 52 week high of $44.14. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 8.54. The company has a market cap of $8.16 billion, a PE ratio of 13.73 and a beta of 0.58.

Hess Midstream Partners (NYSE:HESM) last issued its earnings results on Monday, February 2nd. The company reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $374.50 million for the quarter, compared to the consensus estimate of $419.16 million. Hess Midstream Partners had a net margin of 21.77% and a return on equity of 74.89%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. As a group, equities research analysts anticipate that Hess Midstream Partners LP will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, February 5th were issued a dividend of $0.7641 per share. This represents a $3.06 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend 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 106.64%.

Hess Midstream Partners Company 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.