Kercheville Advisors LLC Sells 38,079 Shares of Hess Midstream Partners LP $HESM

Kercheville Advisors LLC lessened its position in Hess Midstream Partners LP (NYSE:HESM) by 19.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 155,304 shares of the company’s stock after selling 38,079 shares during the period. Hess Midstream Partners comprises approximately 1.6% of Kercheville Advisors LLC’s holdings, making the stock its 21st biggest holding. Kercheville Advisors LLC owned about 0.07% of Hess Midstream Partners worth $5,366,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in Hess Midstream Partners by 50.5% during the 2nd quarter. Invesco Ltd. now owns 6,022,208 shares of the company’s stock valued at $231,915,000 after purchasing an additional 2,020,430 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Hess Midstream Partners by 92.4% during the second quarter. Westwood Holdings Group Inc. now owns 2,096,560 shares of the company’s stock worth $80,739,000 after buying an additional 1,006,998 shares in the last quarter. Eagle Global Advisors LLC raised its stake in shares of Hess Midstream Partners by 53.7% in the second quarter. Eagle Global Advisors LLC now owns 2,453,834 shares of the company’s stock valued at $94,497,000 after acquiring an additional 857,669 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Hess Midstream Partners in the 2nd quarter worth approximately $30,735,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Hess Midstream Partners by 179.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,209,075 shares of the company’s stock worth $46,561,000 after acquiring an additional 776,924 shares in the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.

Hess Midstream Partners Trading Up 0.3%

Shares of HESM opened at $34.61 on Monday. The stock’s fifty day simple moving average is $33.80 and its 200-day simple moving average is $36.72. The firm has a market capitalization of $7.19 billion, a PE ratio of 12.27 and a beta of 0.61. Hess Midstream Partners LP has a 12-month low of $31.63 and a 12-month high of $44.14. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 8.83.

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

Hess Midstream Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, November 6th were paid a dividend of $0.7548 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 8.7%. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Thursday, November 6th. Hess Midstream Partners’s payout ratio is presently 107.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HESM. UBS Group reaffirmed a “neutral” rating and set a $43.00 price target (down from $45.00) on shares of Hess Midstream Partners in a report on Wednesday, September 10th. The Goldman Sachs Group began coverage on Hess Midstream Partners in a research note on Tuesday, September 30th. They issued a “neutral” rating and a $36.00 target price for the company. Wall Street Zen cut Hess Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research raised shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hess Midstream Partners in a research report on Monday, December 29th. Eight investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Hess Midstream Partners presently has an average rating of “Reduce” and an average price target of $40.57.

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.