Neuberger Berman Group LLC bought a new stake in shares of Hess Midstream Partners LP (NASDAQ:HESM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 202,890 shares of the company’s stock, valued at approximately $4,133,000. Neuberger Berman Group LLC owned 0.37% of Hess Midstream Partners as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HESM. Kayne Anderson Capital Advisors LP bought a new stake in Hess Midstream Partners during the 2nd quarter valued at approximately $17,335,000. Russell Investments Group Ltd. bought a new stake in Hess Midstream Partners during the 2nd quarter valued at approximately $7,013,000. Jennison Associates LLC bought a new stake in Hess Midstream Partners during the 2nd quarter valued at approximately $4,056,000. Spirit of America Management Corp NY bought a new stake in Hess Midstream Partners during the 2nd quarter valued at approximately $3,111,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in Hess Midstream Partners during the 2nd quarter valued at approximately $2,536,000.

Several analysts recently weighed in on HESM shares. Scotiabank set a $31.00 target price on Hess Midstream Partners and gave the company a “buy” rating in a research note on Saturday, July 22nd. Zacks Investment Research raised Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, July 18th. Morgan Stanley raised Hess Midstream Partners from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $25.00 to $26.00 in a report on Wednesday, August 30th. BidaskClub raised Hess Midstream Partners from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, Citigroup Inc. raised Hess Midstream Partners from a “neutral” rating to a “buy” rating and cut their price target for the company from $28.00 to $25.00 in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.83.

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Hess Midstream Partners LP (HESM) opened at 22.43 on Thursday. The firm has a 50-day moving average price of $20.56 and a 200 day moving average price of $22.07. Hess Midstream Partners LP has a 12-month low of $18.33 and a 12-month high of $26.78. The firm has a market cap of $1.22 billion and a PE ratio of 9.37.

Hess Midstream Partners (NASDAQ:HESM) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Hess Midstream Partners had a return on equity of 3.23% and a net margin of 49.24%. The business had revenue of $138.30 million for the quarter, compared to the consensus estimate of $111.37 million. Equities research analysts forecast that Hess Midstream Partners LP will post $0.89 EPS for the current year.

Hess Midstream Partners Company Profile

Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company’s assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken).

Institutional Ownership by Quarter for Hess Midstream Partners (NASDAQ:HESM)

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