Hess Midstream Partners LP $HESM Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in shares of Hess Midstream Partners LP (NYSE:HESM) by 427.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,799 shares of the company’s stock after acquiring an additional 105,200 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.06% of Hess Midstream Partners worth $4,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV lifted its stake in shares of Hess Midstream Partners by 3.6% in the 3rd quarter. Investment Management Corp VA ADV now owns 12,157 shares of the company’s stock valued at $420,000 after purchasing an additional 423 shares in the last quarter. Naples Global Advisors LLC increased its position in Hess Midstream Partners by 6.6% during the 3rd quarter. Naples Global Advisors LLC now owns 71,790 shares of the company’s stock worth $2,480,000 after purchasing an additional 4,425 shares in the last quarter. Americana Partners LLC raised its holdings in Hess Midstream Partners by 81.4% in the third quarter. Americana Partners LLC now owns 19,020 shares of the company’s stock valued at $657,000 after buying an additional 8,533 shares during the period. Maryland State Retirement & Pension System raised its holdings in Hess Midstream Partners by 2.3% in the third quarter. Maryland State Retirement & Pension System now owns 121,512 shares of the company’s stock valued at $4,198,000 after buying an additional 2,734 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in Hess Midstream Partners by 2.9% during the third quarter. Evergreen Capital Management LLC now owns 122,765 shares of the company’s stock valued at $4,242,000 after buying an additional 3,455 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors and hedge funds.

Hess Midstream Partners Stock Performance

Shares of HESM stock opened at $35.34 on Monday. 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 company’s fifty day moving average price is $34.00 and its two-hundred day moving average price is $36.31. The firm has a market capitalization of $7.34 billion, a P/E ratio of 12.53 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.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Raymond James Financial lowered shares of Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. The Goldman Sachs Group started coverage on shares of Hess Midstream Partners in a research report on Tuesday, September 30th. They set a “neutral” rating and a $36.00 price target for the company. Zacks Research raised Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Hess Midstream Partners in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $40.57.

About Hess Midstream Partners

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.