Corps Capital Advisors LLC Has $652,000 Holdings in Hess Midstream Partners LP $HESM

Corps Capital Advisors LLC increased its stake in shares of Hess Midstream Partners LP (NYSE:HESM) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,942 shares of the company’s stock after purchasing an additional 1,942 shares during the period. Hess Midstream Partners makes up approximately 1.0% of Corps Capital Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Corps Capital Advisors LLC’s holdings in Hess Midstream Partners were worth $652,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Hess Midstream Partners during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hess Midstream Partners during the first quarter worth $31,000. Ameritas Advisory Services LLC bought a new position in shares of Hess Midstream Partners during the second quarter worth $50,000. Farther Finance Advisors LLC grew its holdings in shares of Hess Midstream Partners by 124.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,363 shares of the company’s stock valued at $91,000 after buying an additional 1,310 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of Hess Midstream Partners by 20.0% in the 1st quarter. IFP Advisors Inc now owns 3,520 shares of the company’s stock valued at $149,000 after buying an additional 586 shares during the period. 98.97% of the stock is owned by institutional investors and hedge funds.

Hess Midstream Partners Stock Performance

Shares of Hess Midstream Partners stock opened at $33.89 on Wednesday. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 12.02 and a beta of 0.62. The stock’s 50-day moving average is $36.05 and its 200-day moving average is $38.04. Hess Midstream Partners LP has a one year low of $31.63 and a one year high of $44.14. 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 (NYSE:HESM) last issued its quarterly 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. The company 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 66.63% and a net margin of 20.46%.The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 earnings per share. Equities analysts predict that Hess Midstream Partners LP will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, November 6th will be issued a $0.7548 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 8.9%. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.74. The ex-dividend date is Thursday, November 6th. Hess Midstream Partners’s dividend payout ratio is presently 109.26%.

Insider Activity at Hess Midstream Partners

In other Hess Midstream Partners news, COO John A. Gatling sold 62,457 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $41.59, for a total transaction of $2,597,586.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Analysts Set New Price Targets

HESM has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Hess Midstream Partners in a report on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating and set a $35.00 price objective (down previously from $48.00) on shares of Hess Midstream Partners in a report on Friday, October 24th. UBS Group reiterated a “neutral” rating and set a $43.00 price objective (down previously from $45.00) on shares of Hess Midstream Partners in a report on Wednesday, September 10th. Morgan Stanley began coverage on Hess Midstream Partners in a report on Friday, July 25th. They set an “equal weight” rating and a $48.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Hess Midstream Partners from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.57.

About Hess Midstream Partners

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.