Westover Capital Advisors LLC Buys 12,747 Shares of Hess Midstream Partners LP $HESM

Westover Capital Advisors LLC lifted its stake in Hess Midstream Partners LP (NYSE:HESM) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.

Several other large investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Hess Midstream Partners during the 3rd quarter valued at about $187,691,000. CIBC Bancorp USA Inc. acquired a new position in Hess Midstream Partners during the 3rd quarter valued at about $58,480,000. JPMorgan Chase & Co. increased its position in Hess Midstream Partners by 179.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,269,146 shares of the company’s stock valued at $78,399,000 after buying an additional 1,456,627 shares in the last quarter. Balyasny Asset Management L.P. increased its position in Hess Midstream Partners by 179.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,209,075 shares of the company’s stock valued at $46,561,000 after buying an additional 776,924 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Hess Midstream Partners by 62.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,688,612 shares of the company’s stock valued at $58,342,000 after buying an additional 651,329 shares in the last quarter. 98.97% of the stock is owned by institutional investors.

Hess Midstream Partners Stock Down 0.1%

Hess Midstream Partners stock opened at $40.66 on Monday. The stock has a market capitalization of $8.38 billion, a PE ratio of 14.07 and a beta of 0.54. Hess Midstream Partners LP has a 12 month low of $31.63 and a 12 month high of $44.14. The business has a 50 day simple moving average of $38.93 and a 200-day simple moving average of $36.46. The company has a debt-to-equity ratio of 9.97, a current ratio of 0.92 and a quick ratio of 0.92.

Hess Midstream Partners (NYSE:HESM) last released its earnings results on Monday, May 4th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. The business 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 business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. On average, analysts anticipate that Hess Midstream Partners LP will post 2.99 EPS for the current fiscal year.

Hess Midstream Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.7792 per share. The ex-dividend date was Thursday, May 7th. This is a positive change 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 7.7%. Hess Midstream Partners’s dividend payout ratio (DPR) is 107.96%.

Analyst Ratings Changes

HESM has been the topic of several recent analyst reports. The Goldman Sachs Group lowered Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 target price on the stock. in a research report on Monday, April 20th. Morgan Stanley reduced their target price on Hess Midstream Partners from $42.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Wells Fargo & Company increased their price objective on Hess Midstream Partners from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Weiss Ratings raised Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Finally, Zacks Research raised Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $38.71.

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.