Hess Midstream Partners LP $HESM Shares Bought by Longfellow Investment Management Co. LLC

Longfellow Investment Management Co. LLC raised its holdings in Hess Midstream Partners LP (NYSE:HESM) by 51.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 525,158 shares of the company’s stock after acquiring an additional 179,394 shares during the quarter. Hess Midstream Partners accounts for about 4.1% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 6th biggest holding. Longfellow Investment Management Co. LLC’s holdings in Hess Midstream Partners were worth $18,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its stake in Hess Midstream Partners by 14.3% during the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $92,000 after buying an additional 300 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in Hess Midstream Partners by 1.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 25,766 shares of the company’s stock valued at $889,000 after buying an additional 330 shares in the last quarter. Investment Management Corp VA ADV lifted its stake in Hess Midstream Partners by 3.0% during the fourth quarter. Investment Management Corp VA ADV now owns 12,519 shares of the company’s stock valued at $432,000 after buying an additional 362 shares in the last quarter. Creative Planning lifted its stake in Hess Midstream Partners by 4.7% during the third quarter. Creative Planning now owns 9,000 shares of the company’s stock valued at $311,000 after buying an additional 404 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Hess Midstream Partners by 1.3% during the third quarter. Arizona State Retirement System now owns 36,850 shares of the company’s stock valued at $1,273,000 after buying an additional 460 shares in the last quarter. 98.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company upped their price objective 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. 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. 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. Morgan Stanley reduced their price objective on shares of Hess Midstream Partners from $42.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Finally, The Goldman Sachs Group lowered shares of Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 price objective for the company. in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $38.71.

Hess Midstream Partners Price Performance

Shares of HESM opened at $38.81 on Friday. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 13.43 and a beta of 0.52. Hess Midstream Partners LP has a fifty-two week low of $31.63 and a fifty-two week high of $44.14. The company has a debt-to-equity ratio of 9.97, a current ratio of 0.92 and a quick ratio of 0.92. The business’s 50-day moving average is $38.76 and its 200-day moving average is $36.80.

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

Hess Midstream Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.7792 dividend. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date was Thursday, May 7th. Hess Midstream Partners’s dividend 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.