Chiron Investment Management LLC Buys 2,400 Shares of Hess Midstream Partners LP (HESM)

Chiron Investment Management LLC boosted its stake in shares of Hess Midstream Partners LP (NYSE:HESM) by 27.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,177 shares of the company’s stock after acquiring an additional 2,400 shares during the quarter. Chiron Investment Management LLC’s holdings in Hess Midstream Partners were worth $190,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of Hess Midstream Partners in the fourth quarter valued at approximately $36,000. Tortoise Index Solutions LLC increased its position in shares of Hess Midstream Partners by 113.9% in the fourth quarter. Tortoise Index Solutions LLC now owns 5,417 shares of the company’s stock valued at $92,000 after buying an additional 2,885 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Hess Midstream Partners in the fourth quarter valued at approximately $183,000. BlackRock Inc. increased its position in shares of Hess Midstream Partners by 116,337.5% in the second quarter. BlackRock Inc. now owns 18,630 shares of the company’s stock valued at $367,000 after buying an additional 18,614 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Hess Midstream Partners in the fourth quarter valued at approximately $413,000. Institutional investors own 49.55% of the company’s stock.

In other news, CFO Jonathan C. Stein sold 1,381 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $22.63, for a total value of $31,252.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John A. Gatling purchased 12,000 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The stock was acquired at an average cost of $16.90 per share, for a total transaction of $202,800.00. The disclosure for this purchase can be found here.

A number of analysts have recently issued reports on the company. Morgan Stanley lowered their price target on Hess Midstream Partners from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, November 30th. Credit Suisse Group set a $27.00 price target on Hess Midstream Partners and gave the stock a “buy” rating in a research note on Friday, December 14th. Zacks Investment Research lowered Hess Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, December 19th. Finally, JPMorgan Chase & Co. lowered Hess Midstream Partners from an “overweight” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Hess Midstream Partners has an average rating of “Buy” and an average price target of $25.60.

NYSE HESM opened at $22.65 on Friday. The firm has a market cap of $614.46 million, a price-to-earnings ratio of 17.83, a P/E/G ratio of 1.44 and a beta of 1.63. Hess Midstream Partners LP has a fifty-two week low of $16.17 and a fifty-two week high of $24.51.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings data on Wednesday, January 30th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The company had revenue of $171.20 million for the quarter, compared to analyst estimates of $171.85 million. Hess Midstream Partners had a return on equity of 2.63% and a net margin of 10.54%. Equities analysts forecast that Hess Midstream Partners LP will post 1.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 13th. Shareholders of record on Monday, February 4th were paid a dividend of $0.3701 per share. The ex-dividend date was Friday, February 1st. This represents a $1.48 dividend on an annualized basis and a yield of 6.54%. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.36. Hess Midstream Partners’s payout ratio is 116.54%.

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Hess Midstream Partners Company Profile

Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide services to Hess and third-party customers in the United States. It operates through three segments: Gathering, Processing and Storage, and Terminaling and Export. The gathering segment include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.

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Institutional Ownership by Quarter for Hess Midstream Partners (NYSE:HESM)

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