Hess Midstream Partners LP (HESM) CFO Jonathan C. Stein Sells 710 Shares of Stock

Hess Midstream Partners LP (NYSE:HESM) CFO Jonathan C. Stein sold 710 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $21.39, for a total value of $15,186.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:HESM opened at $21.27 on Thursday. Hess Midstream Partners LP has a 52 week low of $16.17 and a 52 week high of $24.51. The firm has a market cap of $580.67 million, a price-to-earnings ratio of 16.75, a PEG ratio of 1.35 and a beta of 1.60.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Wednesday, January 30th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Hess Midstream Partners had a return on equity of 2.63% and a net margin of 10.54%. The firm had revenue of $171.20 million for the quarter, compared to analyst estimates of $171.85 million. Sell-side analysts predict that Hess Midstream Partners LP will post 1.43 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of HESM. Bank of Montreal Can purchased a new stake in shares of Hess Midstream Partners during the fourth quarter worth $36,000. Tortoise Index Solutions LLC raised its holdings in shares of Hess Midstream Partners by 113.9% during the fourth quarter. Tortoise Index Solutions LLC now owns 5,417 shares of the company’s stock valued at $92,000 after acquiring an additional 2,885 shares during the period. Barclays PLC acquired a new stake in shares of Hess Midstream Partners during the fourth quarter valued at approximately $178,000. Jane Street Group LLC acquired a new stake in shares of Hess Midstream Partners during the fourth quarter valued at approximately $183,000. Finally, Virtu Financial LLC acquired a new stake in shares of Hess Midstream Partners during the fourth quarter valued at approximately $183,000. 49.41% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on the company. Credit Suisse Group set a $27.00 price objective on Hess Midstream Partners and gave the company a “buy” rating in a report on Friday, December 14th. JPMorgan Chase & Co. cut Hess Midstream Partners from an “overweight” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a report on Tuesday, March 12th. Wells Fargo & Co reiterated a “market perform” rating and issued a $24.00 price objective (down from $27.00) on shares of Hess Midstream Partners in a report on Tuesday, March 19th. Finally, Zacks Investment Research upgraded Hess Midstream Partners from a “sell” rating to a “hold” rating in a report on Saturday, March 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.33.

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About Hess Midstream Partners

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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