Hess Midstream Partners LP $HESM Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. trimmed its position in shares of Hess Midstream Partners LP (NYSE:HESM - Free Report) by 77.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,642 shares of the company's stock after selling 33,003 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Hess Midstream Partners were worth $363,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. acquired a new stake in Hess Midstream Partners during the 4th quarter worth $92,288,000. Bank of New York Mellon Corp raised its position in shares of Hess Midstream Partners by 67.5% in the first quarter. Bank of New York Mellon Corp now owns 3,752,002 shares of the company's stock valued at $145,840,000 after buying an additional 1,512,007 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Hess Midstream Partners by 3.4% in the fourth quarter. Alps Advisors Inc. now owns 30,303,091 shares of the company's stock valued at $1,045,457,000 after buying an additional 1,007,846 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Hess Midstream Partners by 1,110.7% in the first quarter. Lazard Asset Management LLC now owns 1,069,244 shares of the company's stock worth $41,562,000 after buying an additional 980,929 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Hess Midstream Partners by 179.8% in the second quarter. Balyasny Asset Management L.P. now owns 1,209,075 shares of the company's stock worth $46,561,000 after buying an additional 776,924 shares in the last quarter. 98.97% of the stock is owned by institutional investors and hedge funds.

Hess Midstream Partners Stock Down 0.4%

Shares of NYSE:HESM opened at $39.00 on Tuesday. Hess Midstream Partners LP has a 52-week low of $31.63 and a 52-week high of $41.75. The stock has a market cap of $8.04 billion, a P/E ratio of 13.45 and a beta of 0.52. The business has a fifty day moving average of $39.20 and a two-hundred day moving average of $38.76. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 9.39.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. Hess Midstream Partners had a return on equity of 92.18% and a net margin of 23.23%.The business had revenue of $399.00 million for the quarter, compared to analyst estimates of $395.96 million. During the same quarter in the previous year, the firm earned $0.74 EPS. The company's quarterly revenue was down 3.7% compared to the same quarter last year. On average, research analysts expect that Hess Midstream Partners LP will post 2.94 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, August 6th were issued a $0.7888 dividend. This represents a $3.16 annualized dividend and a yield of 8.1%. The ex-dividend date was 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 (DPR) is presently 108.97%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HESM shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Hess Midstream Partners in a research note on Wednesday, June 24th. Morgan Stanley reissued an "underweight" rating and issued a $39.00 target price on shares of Hess Midstream Partners in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $37.67.

Hess Midstream Partners Company 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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