Jefferies Financial Group Inc. Sells 70,148 Shares of Hess Midstream Partners LP $HESM

Jefferies Financial Group Inc. decreased its holdings in Hess Midstream Partners LP (NYSE:HESM) by 46.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,560 shares of the company’s stock after selling 70,148 shares during the period. Jefferies Financial Group Inc.’s holdings in Hess Midstream Partners were worth $2,749,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in Hess Midstream Partners by 14.3% in the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $92,000 after purchasing an additional 300 shares during the last quarter. Virtus Investment Advisers LLC grew its stake in shares of Hess Midstream Partners by 7.6% during the second quarter. Virtus Investment Advisers LLC now owns 4,456 shares of the company’s stock valued at $172,000 after buying an additional 315 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Hess Midstream Partners by 14.1% in the third quarter. Farther Finance Advisors LLC now owns 2,696 shares of the company’s stock worth $93,000 after buying an additional 333 shares during the period. CENTRAL TRUST Co increased its holdings in shares of Hess Midstream Partners by 34.9% in the second quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock worth $59,000 after buying an additional 400 shares during the period. Finally, 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 acquiring an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 98.97% of the company’s stock.

Hess Midstream Partners Stock Performance

NYSE:HESM opened at $38.86 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 8.54. The firm’s fifty day simple moving average is $36.16 and its 200 day simple moving average is $35.51. The stock has a market cap of $8.07 billion, a P/E ratio of 13.59 and a beta of 0.60. Hess Midstream Partners LP has a twelve month low of $31.63 and a twelve month high of $44.14.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $374.50 million during the quarter, compared to analyst estimates of $419.16 million. Hess Midstream Partners had a net margin of 21.77% and a return on equity of 74.89%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. As a group, research analysts predict that Hess Midstream Partners LP will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, February 5th were paid a $0.7641 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.75. This represents a $3.06 dividend on an annualized basis and a yield of 7.9%. Hess Midstream Partners’s payout ratio is currently 106.99%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HESM shares. Raymond James Financial cut Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Wall Street Zen downgraded Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings raised Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Zacks Research upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Hess Midstream Partners currently has a consensus rating of “Hold” and an average target price of $40.57.

Hess Midstream Partners Company 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.