Hess Midstream Partners LP (NYSE:HESM) Stock Position Raised by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. grew its holdings in Hess Midstream Partners LP (NYSE:HESM - Free Report) by 151.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 352,067 shares of the company's stock after purchasing an additional 212,266 shares during the period. Hess Midstream Partners comprises approximately 4.2% of Financial Sense Advisors Inc.'s investment portfolio, making the stock its 6th biggest holding. Financial Sense Advisors Inc. owned approximately 0.16% of Hess Midstream Partners worth $14,889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new position in Hess Midstream Partners during the fourth quarter worth $525,000. Envestnet Asset Management Inc. increased its holdings in Hess Midstream Partners by 2.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 120,180 shares of the company's stock worth $4,450,000 after buying an additional 3,412 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Hess Midstream Partners during the first quarter worth $707,000. Northern Trust Corp increased its holdings in Hess Midstream Partners by 17.8% during the fourth quarter. Northern Trust Corp now owns 85,550 shares of the company's stock worth $3,168,000 after buying an additional 12,939 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in Hess Midstream Partners by 11.1% during the fourth quarter. HighTower Advisors LLC now owns 26,205 shares of the company's stock worth $970,000 after buying an additional 2,618 shares during the last quarter. 98.97% of the stock is currently owned by institutional investors and hedge funds.

Hess Midstream Partners Trading Up 2.7%

NYSE:HESM traded up $1.07 on Friday, reaching $40.54. 1,296,199 shares of the stock traded hands, compared to its average volume of 1,273,641. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 15.88 and a beta of 0.63. The company's 50 day moving average is $38.48 and its 200-day moving average is $39.28. 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 1-year low of $33.59 and a 1-year high of $44.05.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $382.00 million during the quarter, compared to the consensus estimate of $384.28 million. Hess Midstream Partners had a net margin of 16.43% and a return on equity of 54.89%. During the same quarter last year, the firm posted $0.60 EPS. The company's quarterly revenue was up 7.4% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Thursday, May 8th were paid a dividend of $0.7098 per share. The ex-dividend date of this dividend was Thursday, May 8th. This is a boost from Hess Midstream Partners's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a yield of 7.00%. Hess Midstream Partners's dividend payout ratio (DPR) is 110.98%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Hess Midstream Partners from $39.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Morgan Stanley assumed coverage on shares of Hess Midstream Partners in a report on Friday. They issued an "equal weight" rating and a $48.00 price objective on the stock. Finally, Wells Fargo & Company upgraded shares of Hess Midstream Partners from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $41.00 to $47.00 in a report on Friday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.60.

Insider Buying and Selling at Hess Midstream Partners

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

Hess Midstream Partners 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.