Hess Midstream Partners LP (NYSE:HESM) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in shares of Hess Midstream Partners LP (NYSE:HESM - Free Report) by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,844 shares of the company's stock after purchasing an additional 8,190 shares during the quarter. Pacer Advisors Inc.'s holdings in Hess Midstream Partners were worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in HESM. Westover Capital Advisors LLC boosted its holdings in Hess Midstream Partners by 1.5% in the first quarter. Westover Capital Advisors LLC now owns 83,772 shares of the company's stock worth $3,543,000 after acquiring an additional 1,259 shares in the last quarter. Navellier & Associates Inc. boosted its holdings in Hess Midstream Partners by 62.5% in the first quarter. Navellier & Associates Inc. now owns 11,020 shares of the company's stock worth $466,000 after acquiring an additional 4,240 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Hess Midstream Partners by 8.4% in the first quarter. Cetera Investment Advisers now owns 36,762 shares of the company's stock worth $1,555,000 after acquiring an additional 2,847 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in Hess Midstream Partners in the first quarter worth about $229,000. Finally, Financial Sense Advisors Inc. boosted its holdings in Hess Midstream Partners by 151.8% in the first quarter. Financial Sense Advisors Inc. now owns 352,067 shares of the company's stock worth $14,889,000 after acquiring an additional 212,266 shares in the last quarter. Institutional investors own 98.97% of the company's stock.

Hess Midstream Partners Stock Performance

Shares of NYSE:HESM traded down $1.02 during trading on Friday, hitting $42.51. The stock had a trading volume of 2,469,974 shares, compared to its average volume of 1,320,280. Hess Midstream Partners LP has a 12-month low of $33.59 and a 12-month high of $44.14. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 15.74 and a beta of 0.63. 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 stock has a 50-day simple moving average of $38.81 and a two-hundred day simple moving average of $39.39.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.18. Hess Midstream Partners had a return on equity of 61.46% and a net margin of 18.52%. The firm had revenue of $414.20 million during the quarter, compared to analysts' expectations of $405.08 million. During the same period last year, the business posted $0.59 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Hess Midstream Partners LP will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be given a dividend of $0.737 per share. This is an increase from Hess Midstream Partners's previous quarterly dividend of $0.71. This represents a $2.95 annualized dividend and a yield of 6.9%. The ex-dividend date is Thursday, August 7th. Hess Midstream Partners's dividend payout ratio (DPR) is 105.19%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Hess Midstream Partners from $47.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday. Morgan Stanley began coverage on Hess Midstream Partners in a research note on Friday, July 25th. They issued an "equal weight" rating and a $48.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $45.80.

Insider Activity 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 legal 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 that occurred 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.

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.