Hess Midstream Partners LP $HESM Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY decreased its position in shares of Hess Midstream Partners LP (NYSE:HESM) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,837 shares of the company’s stock after selling 24,000 shares during the quarter. Spirit of America Management Corp NY owned about 0.05% of Hess Midstream Partners worth $3,927,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Strategic Advocates LLC acquired a new position in Hess Midstream Partners during the 3rd quarter valued at about $28,000. Marquette Asset Management LLC acquired a new stake in shares of Hess Midstream Partners in the third quarter valued at approximately $30,000. Geneos Wealth Management Inc. raised its holdings in shares of Hess Midstream Partners by 14.3% during the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $92,000 after buying an additional 300 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Hess Midstream Partners by 14.1% during the third quarter. Farther Finance Advisors LLC now owns 2,696 shares of the company’s stock valued at $93,000 after buying an additional 333 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Hess Midstream Partners by 668.5% during the third quarter. Larson Financial Group LLC now owns 3,074 shares of the company’s stock worth $106,000 after buying an additional 2,674 shares during the period. Institutional investors and hedge funds own 98.97% of the company’s stock.

Hess Midstream Partners Price Performance

NYSE HESM opened at $39.48 on Tuesday. Hess Midstream Partners LP has a 12 month low of $31.63 and a 12 month high of $44.14. The company has a debt-to-equity ratio of 8.54, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $8.20 billion, a PE ratio of 13.80 and a beta of 0.60. The company’s 50 day simple moving average is $37.65 and its 200 day simple moving average is $35.38.

Hess Midstream Partners (NYSE:HESM) last released its earnings results on Monday, February 2nd. The company reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. Hess Midstream Partners had a return on equity of 74.89% and a net margin of 21.77%.The firm had revenue of $374.50 million during the quarter, compared to the consensus estimate of $419.16 million. During the same period in the prior year, the firm posted $0.68 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that Hess Midstream Partners LP will post 2.5 EPS for the current fiscal year.

Hess Midstream Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, February 5th were paid a dividend of $0.7641 per share. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.75. This represents a $3.06 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Thursday, February 5th. Hess Midstream Partners’s dividend payout ratio (DPR) is 106.99%.

Wall Street Analyst Weigh In

Several analysts recently commented on HESM shares. Zacks Research upgraded Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Raymond James Financial lowered Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Wells Fargo & Company raised their price target on Hess Midstream Partners from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Finally, Weiss Ratings upgraded shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hess Midstream Partners has a consensus rating of “Hold” and an average target price of $40.71.

Hess Midstream Partners 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.