Catalyst Capital Advisors LLC Has $8.79 Million Holdings in Hess Midstream Partners LP (NYSE:HESM)

Catalyst Capital Advisors LLC lifted its stake in shares of Hess Midstream Partners LP (NYSE:HESM - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 207,931 shares of the company's stock after acquiring an additional 12,700 shares during the quarter. Catalyst Capital Advisors LLC owned about 0.10% of Hess Midstream Partners worth $8,793,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its position in shares of Hess Midstream Partners by 2.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,857 shares of the company's stock worth $439,000 after purchasing an additional 298 shares during the last quarter. US Bancorp DE lifted its position in shares of Hess Midstream Partners by 34.0% during the 4th quarter. US Bancorp DE now owns 2,010 shares of the company's stock worth $74,000 after purchasing an additional 510 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Hess Midstream Partners by 77.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,329 shares of the company's stock worth $49,000 after purchasing an additional 579 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Hess Midstream Partners by 14.1% during the 4th quarter. Arizona State Retirement System now owns 30,203 shares of the company's stock worth $1,118,000 after purchasing an additional 3,736 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Hess Midstream Partners during the 4th quarter worth about $12,976,000. Institutional investors own 98.97% of the company's stock.

Insider Activity at Hess Midstream Partners

In other news, Director Geurt G. Schoonman sold 3,249 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $39.10, for a total value of $127,035.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Blackrock Portfolio Management sold 15,022,517 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $36.86, for a total value of $553,729,976.62. The disclosure for this sale can be found here.

Hess Midstream Partners Stock Performance

Hess Midstream Partners stock traded down $0.31 during trading hours on Monday, hitting $37.90. The stock had a trading volume of 875,118 shares, compared to its average volume of 1,044,326. The company has a 50-day moving average of $38.19 and a two-hundred day moving average of $39.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 6.92. The company has a market cap of $8.17 billion, a PE ratio of 14.86 and a beta of 0.63. Hess Midstream Partners LP has a fifty-two week low of $33.59 and a fifty-two week high of $44.05.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The firm had revenue of $382.00 million during the quarter, compared to analysts' expectations of $384.28 million. Hess Midstream Partners had a return on equity of 54.89% and a net margin of 16.43%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, equities research analysts anticipate that Hess Midstream Partners LP will post 2.5 EPS for the current fiscal year.

Hess Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Thursday, May 8th were issued a $0.7098 dividend. This is a boost from Hess Midstream Partners's previous quarterly dividend of $0.70. The ex-dividend date was Thursday, May 8th. This represents a $2.84 annualized dividend and a yield of 7.49%. Hess Midstream Partners's dividend payout ratio is 111.37%.

Analyst Ratings Changes

Several equities analysts recently weighed in on HESM shares. JPMorgan Chase & Co. boosted their price objective on Hess Midstream Partners from $39.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Wells Fargo & Company cut their price objective on Hess Midstream Partners from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st.

Hess Midstream Partners Company Profile

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.