Hess Midstream Partners LP $HESM Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group grew its holdings in Hess Midstream Partners LP (NYSE:HESM) by 6.7% in the third quarter, Holdings Channel reports. The institutional investor owned 736,548 shares of the company’s stock after acquiring an additional 46,217 shares during the quarter. Schroder Investment Management Group’s holdings in Hess Midstream Partners were worth $25,551,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HESM. Marquette Asset Management LLC purchased a new position in shares of Hess Midstream Partners during the 3rd quarter valued at approximately $30,000. CENTRAL TRUST Co increased its holdings in Hess Midstream Partners by 34.9% in the 2nd quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock worth $59,000 after acquiring an additional 400 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Hess Midstream Partners by 14.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $92,000 after acquiring an additional 300 shares in the last quarter. Farther Finance Advisors LLC raised its position in Hess Midstream Partners by 14.1% during the third quarter. Farther Finance Advisors LLC now owns 2,696 shares of the company’s stock worth $93,000 after acquiring an additional 333 shares during the period. Finally, Virtus Investment Advisers LLC raised its position in Hess Midstream Partners by 7.6% during the second quarter. Virtus Investment Advisers LLC now owns 4,456 shares of the company’s stock worth $172,000 after acquiring an additional 315 shares during the period. 98.97% of the stock is owned by institutional investors and hedge funds.

Hess Midstream Partners Trading Down 0.9%

Shares of HESM stock opened at $38.98 on Friday. Hess Midstream Partners LP has a fifty-two week low of $31.63 and a fifty-two week high of $44.14. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $36.35 and its two-hundred day moving average is $35.56. The firm has a market capitalization of $8.10 billion, a P/E ratio of 13.63 and a beta of 0.60.

Hess Midstream Partners (NYSE:HESM) last released its earnings results on Monday, February 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Research analysts expect that Hess Midstream Partners LP will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $3.06 annualized dividend and a yield of 7.8%. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.75. Hess Midstream Partners’s dividend payout ratio is currently 106.99%.

Wall Street Analysts Forecast Growth

HESM has been the topic of several recent analyst reports. Raymond James Financial downgraded shares of Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Zacks Research upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings upgraded shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen cut Hess Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.57.

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.