Citigroup Inc. Trims Position in Oasis Midstream Partners LP (NYSE:OMP)

Citigroup Inc. decreased its stake in shares of Oasis Midstream Partners LP (NYSE:OMP) by 12.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 87,239 shares of the company’s stock after selling 12,528 shares during the period. Citigroup Inc.’s holdings in Oasis Midstream Partners were worth $1,773,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kayne Anderson Capital Advisors LP acquired a new position in Oasis Midstream Partners during the 4th quarter worth about $351,000. Albert D Mason Inc. lifted its position in Oasis Midstream Partners by 5.6% during the 1st quarter. Albert D Mason Inc. now owns 61,645 shares of the company’s stock worth $1,253,000 after buying an additional 3,260 shares in the last quarter. Intrinsic Edge Capital Management LLC lifted its position in Oasis Midstream Partners by 17.0% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 137,900 shares of the company’s stock worth $2,205,000 after buying an additional 20,000 shares in the last quarter. Deutsche Bank AG lifted its position in Oasis Midstream Partners by 39.7% during the 4th quarter. Deutsche Bank AG now owns 161,019 shares of the company’s stock worth $2,574,000 after buying an additional 45,719 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Oasis Midstream Partners by 32.1% during the 4th quarter. Acadian Asset Management LLC now owns 70,087 shares of the company’s stock worth $1,122,000 after buying an additional 17,044 shares in the last quarter. Institutional investors and hedge funds own 19.94% of the company’s stock.

OMP has been the topic of several research reports. Wells Fargo & Co set a $24.00 price target on shares of Oasis Midstream Partners and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Oasis Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $26.38.

Shares of NYSE OMP opened at $19.50 on Friday. The stock has a market cap of $659.00 million, a P/E ratio of 9.42, a P/E/G ratio of 0.50 and a beta of 1.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.90. Oasis Midstream Partners LP has a 12-month low of $14.98 and a 12-month high of $24.21.

Oasis Midstream Partners (NYSE:OMP) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The firm had revenue of $91.65 million during the quarter, compared to analysts’ expectations of $85.60 million. Oasis Midstream Partners had a return on equity of 10.46% and a net margin of 20.42%. On average, sell-side analysts forecast that Oasis Midstream Partners LP will post 3.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 17th were issued a dividend of $0.47 per share. This is a boost from Oasis Midstream Partners’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 9.64%. The ex-dividend date was Thursday, May 16th. Oasis Midstream Partners’s payout ratio is currently 103.30%.

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Oasis Midstream Partners Company Profile

Oasis Midstream Partners LP provides crude oil, natural gas, and water-related midstream services in North America. It offers natural gas gathering, compression, processing, and gas lift services; crude oil gathering, stabilization, blending, and storage services; produced and flowback water gathering and disposal services; freshwater supply and distribution services; and crude oil transportation services from the Wild Basin operating area to Johnson's Corner.

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Institutional Ownership by Quarter for Oasis Midstream Partners (NYSE:OMP)

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