173,802 Shares in Hess Midstream Partners LP $HESM Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new stake in Hess Midstream Partners LP (NYSE:HESM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 173,802 shares of the company's stock, valued at approximately $6,756,000. Arrowstreet Capital Limited Partnership owned about 0.08% of Hess Midstream Partners as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HESM. Miller Howard Investments Inc. NY grew its position in shares of Hess Midstream Partners by 3.2% during the 1st quarter. Miller Howard Investments Inc. NY now owns 1,491,899 shares of the company's stock worth $57,990,000 after purchasing an additional 45,584 shares in the last quarter. UBS Group AG raised its position in Hess Midstream Partners by 3.5% during the 4th quarter. UBS Group AG now owns 2,038,226 shares of the company's stock worth $70,319,000 after purchasing an additional 68,984 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in Hess Midstream Partners by 12.1% in the fourth quarter. Epoch Investment Partners Inc. now owns 2,500,598 shares of the company's stock valued at $86,271,000 after acquiring an additional 269,216 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Hess Midstream Partners in the 4th quarter valued at $2,706,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Hess Midstream Partners by 3.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 9,081,184 shares of the company's stock worth $313,301,000 after acquiring an additional 330,802 shares in the last quarter. Institutional investors and hedge funds own 98.97% of the company's stock.

Hess Midstream Partners Trading Up 0.3%

Shares of Hess Midstream Partners stock opened at $40.94 on Monday. The company has a market capitalization of $8.44 billion, a P/E ratio of 14.16 and a beta of 0.53. The stock has a fifty day simple moving average of $38.76 and a 200 day simple moving average of $38.21. Hess Midstream Partners LP has a 12-month low of $31.63 and a 12-month high of $44.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.97.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. Hess Midstream Partners had a net margin of 22.64% and a return on equity of 84.47%. The firm had revenue of $390.10 million during the quarter, compared to analyst estimates of $389.51 million. During the same quarter last year, the business posted $0.65 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Hess Midstream Partners LP will post 2.86 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, August 6th will be paid a dividend of $0.7888 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Thursday, August 6th. This is a positive change from Hess Midstream Partners's previous quarterly dividend of $0.78. Hess Midstream Partners's dividend payout ratio is presently 109.00%.

Wall Street Analysts Forecast Growth

HESM has been the subject of several recent analyst reports. The Goldman Sachs Group downgraded shares of Hess Midstream Partners from a "neutral" rating to a "sell" rating and set a $32.00 price objective for the company. in a research report on Monday, April 20th. Morgan Stanley reiterated an "underweight" rating and set a $39.00 target price on shares of Hess Midstream Partners in a research report on Tuesday, July 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Hess Midstream Partners in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $38.86.

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.

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