Hess Midstream Partners LP (NYSE:HESM) Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Hess Midstream Partners LP (NYSE:HESM - Free Report) by 934.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,145 shares of the company's stock after purchasing an additional 58,849 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Hess Midstream Partners were worth $2,755,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zimmer Partners LP purchased a new stake in shares of Hess Midstream Partners during the 4th quarter worth $23,415,000. HITE Hedge Asset Management LLC purchased a new stake in Hess Midstream Partners during the 4th quarter worth about $19,642,000. Deutsche Bank AG lifted its holdings in Hess Midstream Partners by 56.3% during the 4th quarter. Deutsche Bank AG now owns 1,405,510 shares of the company's stock worth $52,046,000 after buying an additional 506,430 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hess Midstream Partners by 11.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,011,069 shares of the company's stock worth $185,560,000 after acquiring an additional 496,464 shares in 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. 98.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Geurt G. Schoonman sold 3,249 shares of the business's 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Blackrock Portfolio Management sold 15,022,517 shares of the company's 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

Shares of Hess Midstream Partners stock traded down $0.01 on Tuesday, hitting $38.92. The stock had a trading volume of 1,303,430 shares, compared to its average volume of 1,012,651. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 15.26 and a beta of 0.63. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 6.92. Hess Midstream Partners LP has a 52-week low of $33.59 and a 52-week high of $44.05. The company's 50 day moving average price is $37.90 and its 200 day moving average price is $38.96.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. The company 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 firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, research analysts anticipate that Hess Midstream Partners LP will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Thursday, May 8th were given a $0.7098 dividend. This is an increase 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 7.30%. Hess Midstream Partners's dividend payout ratio is 111.37%.

Analyst Upgrades and Downgrades

HESM has been the topic of several research analyst reports. Citigroup raised their target price on Hess Midstream Partners from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on shares of Hess Midstream Partners from $39.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company reduced their price objective on shares of 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.80.

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.