OxFORD Asset Management LLP bought a new stake in shares of Hess Midstream Partners LP (NASDAQ:HESM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 112,859 shares of the company’s stock, valued at approximately $2,299,000. OxFORD Asset Management LLP owned 0.21% of Hess Midstream Partners as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HESM. Acadian Asset Management LLC acquired a new position in shares of Hess Midstream Partners during the 2nd quarter valued at $119,000. Sei Investments Co. acquired a new position in shares of Hess Midstream Partners during the 2nd quarter valued at $373,000. Lucas Capital Management acquired a new position in shares of Hess Midstream Partners during the 2nd quarter valued at $624,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Hess Midstream Partners during the 2nd quarter valued at $735,000. Finally, Center Coast Capital Advisors LP acquired a new position in shares of Hess Midstream Partners during the 2nd quarter valued at $1,037,000.

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Shares of Hess Midstream Partners LP (NASDAQ HESM) opened at 22.05 on Friday. The company has a market cap of $1.20 billion and a price-to-earnings ratio of 9.21. The firm’s 50-day moving average is $21.39 and its 200-day moving average is $22.08. Hess Midstream Partners LP has a 52 week low of $18.33 and a 52 week high of $26.78.

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

A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday. Citigroup Inc. upgraded shares of Hess Midstream Partners from a “neutral” rating to a “buy” rating and dropped their target price for the company from $28.00 to $25.00 in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Scotiabank set a $31.00 target price on shares of Hess Midstream Partners and gave the company a “buy” rating in a research report on Saturday, July 22nd. Finally, Morgan Stanley boosted their price target on shares of Hess Midstream Partners from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Hess Midstream Partners presently has a consensus rating of “Buy” and an average price target of $27.83.

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).

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

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