Americana Partners LLC Purchases 159,008 Shares of Hess Midstream Partners LP $HESM

Americana Partners LLC boosted its stake in shares of Hess Midstream Partners LP (NYSE:HESM) by 836.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 178,028 shares of the company’s stock after buying an additional 159,008 shares during the quarter. Americana Partners LLC’s holdings in Hess Midstream Partners were worth $6,142,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HESM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Hess Midstream Partners during the third quarter valued at about $187,691,000. CIBC Bancorp USA Inc. purchased a new position in shares of Hess Midstream Partners during the third quarter worth approximately $58,480,000. JPMorgan Chase & Co. raised its stake in shares of Hess Midstream Partners by 179.3% during the third quarter. JPMorgan Chase & Co. now owns 2,269,146 shares of the company’s stock worth $78,399,000 after acquiring an additional 1,456,627 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Hess Midstream Partners by 179.8% in the second quarter. Balyasny Asset Management L.P. now owns 1,209,075 shares of the company’s stock worth $46,561,000 after buying an additional 776,924 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Hess Midstream Partners by 62.8% in the third quarter. CIBC Private Wealth Group LLC now owns 1,688,612 shares of the company’s stock worth $58,342,000 after buying an additional 651,329 shares during the period. 98.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HESM shares. The Goldman Sachs Group downgraded shares of Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 target price on the stock. in a research note on Monday, April 20th. Morgan Stanley lowered their price target on Hess Midstream Partners from $42.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Zacks Research raised Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings upgraded Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Wells Fargo & Company increased their target price on Hess Midstream Partners from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.71.

Hess Midstream Partners Trading Up 2.2%

Hess Midstream Partners stock opened at $40.66 on Friday. Hess Midstream Partners LP has a 52 week low of $31.63 and a 52 week high of $44.14. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 14.07 and a beta of 0.54. The stock has a 50-day moving average price of $38.93 and a 200 day moving average price of $36.44. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.97.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The company had revenue of $390.10 million during the quarter, compared to the consensus estimate of $389.51 million. Hess Midstream Partners had a return on equity of 84.47% and a net margin of 22.64%.Hess Midstream Partners’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Sell-side analysts anticipate that Hess Midstream Partners LP will post 2.99 EPS for the current year.

Hess Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.7792 per share. The ex-dividend date was Thursday, May 7th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 7.7%. Hess Midstream Partners’s dividend payout ratio (DPR) is presently 107.96%.

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.