Hess Midstream Partners LP $HESM Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its position in Hess Midstream Partners LP (NYSE:HESM) by 30.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 246,452 shares of the company’s stock after purchasing an additional 57,264 shares during the period. Quantbot Technologies LP owned 0.11% of Hess Midstream Partners worth $9,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. acquired a new stake in Hess Midstream Partners in the first quarter valued at $229,000. Cetera Investment Advisers increased its holdings in shares of Hess Midstream Partners by 8.4% in the 1st quarter. Cetera Investment Advisers now owns 36,762 shares of the company’s stock valued at $1,555,000 after acquiring an additional 2,847 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hess Midstream Partners by 51.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,887 shares of the company’s stock worth $1,179,000 after acquiring an additional 9,424 shares in the last quarter. LPL Financial LLC lifted its stake in Hess Midstream Partners by 0.4% during the first quarter. LPL Financial LLC now owns 195,428 shares of the company’s stock worth $8,265,000 after purchasing an additional 818 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in Hess Midstream Partners during the first quarter worth approximately $1,506,000. 98.97% of the stock is currently owned by institutional investors and hedge funds.

Hess Midstream Partners Stock Down 0.1%

Shares of NYSE:HESM opened at $33.65 on Tuesday. Hess Midstream Partners LP has a 1-year low of $31.63 and a 1-year high of $44.14. The company has a debt-to-equity ratio of 8.83, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $6.99 billion, a P/E ratio of 11.93 and a beta of 0.62. The firm has a fifty day moving average price of $33.49 and a 200 day moving average price of $37.41.

Hess Midstream Partners (NYSE:HESM) last announced its earnings results on Monday, November 3rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Hess Midstream Partners had a net margin of 20.46% and a return on equity of 69.03%. The business had revenue of $420.90 million during the quarter, compared to analysts’ expectations of $424.36 million. During the same period in the prior year, the company earned $0.63 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. Sell-side analysts predict that Hess Midstream Partners LP will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, November 6th were given a dividend of $0.7548 per share. This represents a $3.02 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend was Thursday, November 6th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.74. Hess Midstream Partners’s payout ratio is 107.09%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of Hess Midstream Partners in a research note on Tuesday, September 30th. They issued a “neutral” rating and a $36.00 price target on the stock. Zacks Research raised shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. UBS Group reissued a “neutral” rating and issued a $43.00 price target (down from $45.00) on shares of Hess Midstream Partners in a research report on Wednesday, September 10th. Raymond James Financial restated an “outperform” rating and issued a $35.00 price objective (down previously from $48.00) on shares of Hess Midstream Partners in a research note on Friday, October 24th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Hess Midstream Partners in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.57.

Hess Midstream Partners Company Profile

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based 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 owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.