Lindbrook Capital LLC Sells 9,297 Shares of Hess Midstream Partners LP (NYSE:HESM)

Lindbrook Capital LLC trimmed its position in Hess Midstream Partners LP (NYSE:HESM - Free Report) by 40.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,638 shares of the company's stock after selling 9,297 shares during the period. Lindbrook Capital LLC's holdings in Hess Midstream Partners were worth $577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Hess Midstream Partners by 840.2% in the first quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock worth $45,000 after buying an additional 941 shares during the period. FSC Wealth Advisors LLC purchased a new position in shares of Hess Midstream Partners in the 1st quarter worth approximately $58,000. IFP Advisors Inc boosted its holdings in shares of Hess Midstream Partners by 20.0% in the 1st quarter. IFP Advisors Inc now owns 3,520 shares of the company's stock worth $149,000 after purchasing an additional 586 shares during the period. Virtus ETF Advisers LLC boosted its holdings in shares of Hess Midstream Partners by 9.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,972 shares of the company's stock worth $184,000 after purchasing an additional 432 shares during the period. Finally, PFG Investments LLC bought a new stake in shares of Hess Midstream Partners during the 1st quarter worth approximately $202,000. 98.97% of the stock is owned by hedge funds and other institutional investors.

Hess Midstream Partners Price Performance

Shares of Hess Midstream Partners stock opened at $41.03 on Monday. The business has a 50 day simple moving average of $38.44 and a two-hundred day simple moving average of $39.26. Hess Midstream Partners LP has a 12 month low of $33.59 and a 12 month high of $44.05. The stock has a market capitalization of $8.84 billion, a P/E ratio of 16.09 and a beta of 0.63. The company has a debt-to-equity ratio of 6.92, a current ratio of 0.81 and a quick ratio of 0.81.

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, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $382.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. As a group, analysts predict 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. Stockholders of record on Thursday, May 8th were paid a $0.7098 dividend. This is a boost from Hess Midstream Partners's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a dividend yield of 6.92%. The ex-dividend date was Thursday, May 8th. Hess Midstream Partners's dividend payout ratio (DPR) is presently 111.37%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HESM. JPMorgan Chase & Co. raised their price target on Hess Midstream Partners from $39.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. Wells Fargo & Company decreased their target price 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.

Insider Buying and Selling at Hess Midstream Partners

In related news, Director Geurt G. Schoonman sold 3,249 shares of Hess Midstream Partners stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $39.10, for a total transaction of $127,035.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Blackrock Portfolio Management sold 15,022,517 shares of the business's stock in a transaction on Friday, May 30th. The shares were 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.

About Hess Midstream Partners

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.

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