Stokes Capital Advisors LLC Has $223,000 Stock Position in Hess Midstream Partners LP $HESM

Stokes Capital Advisors LLC lowered its stake in shares of Hess Midstream Partners LP (NYSE:HESM) by 95.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,745 shares of the company’s stock after selling 124,007 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Hess Midstream Partners were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HESM. Royal Bank of Canada raised its stake in shares of Hess Midstream Partners by 33.7% in the first quarter. Royal Bank of Canada now owns 129,902 shares of the company’s stock worth $5,494,000 after acquiring an additional 32,740 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Hess Midstream Partners during the first quarter valued at approximately $235,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Hess Midstream Partners by 20.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 224,741 shares of the company’s stock valued at $9,504,000 after purchasing an additional 37,794 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Hess Midstream Partners by 21.6% in the second quarter. Geode Capital Management LLC now owns 5,778 shares of the company’s stock valued at $223,000 after purchasing an additional 1,026 shares in the last quarter. Finally, Creative Planning raised its position in Hess Midstream Partners by 10.6% in the 2nd quarter. Creative Planning now owns 8,596 shares of the company’s stock worth $331,000 after purchasing an additional 826 shares during the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HESM shares. Wells Fargo & Company upped their price objective on Hess Midstream Partners from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. Morgan Stanley downgraded Hess Midstream Partners from an “equal weight” rating to an “underweight” rating and set a $38.00 target price for the company. in a research report on Wednesday, June 10th. Zacks Research upgraded Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. The Goldman Sachs Group cut Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 price target on the stock. in a report on Monday, April 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Hess Midstream Partners in a research report on Wednesday. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $38.71.

Hess Midstream Partners Trading Up 1.5%

Shares of NYSE:HESM opened at $37.83 on Friday. The company’s 50-day moving average price is $38.40 and its two-hundred day moving average price is $37.28. The company has a debt-to-equity ratio of 9.97, a current ratio of 0.92 and a quick ratio of 0.92. Hess Midstream Partners LP has a one year low of $31.63 and a one year high of $44.14. The stock has a market capitalization of $7.80 billion, a PE ratio of 13.09 and a beta of 0.52.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. The company had revenue of $390.10 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. On average, equities analysts forecast that Hess Midstream Partners LP will post 2.99 EPS for the current fiscal year.

Hess Midstream Partners Increases Dividend

The business 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. This represents a $3.12 annualized dividend and a yield of 8.2%. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Thursday, May 7th. Hess Midstream Partners’s payout ratio is currently 107.96%.

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.