Hess Midstream Partners LP $HESM Shares Acquired by Fractal Investments LLC

Fractal Investments LLC grew its holdings in Hess Midstream Partners LP (NYSE:HESM) by 23.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 291,247 shares of the company’s stock after purchasing an additional 56,000 shares during the period. Hess Midstream Partners makes up 1.6% of Fractal Investments LLC’s investment portfolio, making the stock its 14th largest position. Fractal Investments LLC’s holdings in Hess Midstream Partners were worth $11,216,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Alps Advisors Inc. lifted its stake in shares of Hess Midstream Partners by 31.1% in the 1st quarter. Alps Advisors Inc. now owns 26,356,221 shares of the company’s stock valued at $1,114,605,000 after purchasing an additional 6,251,664 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Hess Midstream Partners by 10.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,233,773 shares of the company’s stock valued at $305,916,000 after purchasing an additional 655,062 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hess Midstream Partners by 9.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,503,752 shares of the company’s stock valued at $232,754,000 after buying an additional 492,683 shares during the period. Kayne Anderson Capital Advisors LP raised its holdings in shares of Hess Midstream Partners by 10.6% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 2,885,110 shares of the company’s stock valued at $122,011,000 after buying an additional 276,779 shares during the period. Finally, Artemis Investment Management LLP raised its holdings in shares of Hess Midstream Partners by 131.4% in the 1st quarter. Artemis Investment Management LLP now owns 1,969,448 shares of the company’s stock valued at $83,288,000 after buying an additional 1,118,245 shares during the period. Institutional investors and hedge funds own 98.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HESM shares. Wells Fargo & Company boosted their price objective on Hess Midstream Partners from $47.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Morgan Stanley started coverage on Hess Midstream Partners in a report on Friday, July 25th. They issued an “equal weight” rating and a $48.00 price objective on the stock. Wall Street Zen upgraded Hess Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Citigroup reiterated a “neutral” rating and issued a $41.00 price objective (down previously from $42.00) on shares of Hess Midstream Partners in a report on Thursday. Finally, UBS Group reiterated a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Hess Midstream Partners in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.17.

Insider Activity

In other news, COO John A. Gatling sold 62,457 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $41.59, for a total transaction of $2,597,586.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hess Midstream Partners Price Performance

Shares of NYSE HESM opened at $39.31 on Friday. The stock’s 50-day moving average is $40.55 and its two-hundred day moving average is $39.51. The company has a debt-to-equity ratio of 7.26, a current ratio of 0.71 and a quick ratio of 0.71. Hess Midstream Partners LP has a 1-year low of $33.59 and a 1-year high of $44.14. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 14.56 and a beta of 0.68.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.18. The company had revenue of $414.20 million for the quarter, compared to the consensus estimate of $405.08 million. Hess Midstream Partners had a return on equity of 60.37% and a net margin of 18.52%.Hess Midstream Partners’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 EPS. Analysts forecast that Hess Midstream Partners LP will post 2.5 EPS for the current fiscal year.

Hess Midstream Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.737 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.95 annualized dividend and a dividend yield of 7.5%. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.71. Hess Midstream Partners’s payout ratio is currently 108.89%.

Hess Midstream Partners 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.